Home buyers have “less choice than ever” as Covid-19 hits Auckland property market
The impact of the Covid-19 pandemic on Auckland’s property market is being felt, data from realestate.co.nz reveals.
The number of Auckland homes for sale in August was down 7 percent from the same period last year with just 7399 listings.
This echoed national trends where the housing supply decreased by 13.2 percent to 17,974 listings.
The average asking price nationwide has increased by 9.1 percent to $824,702 over this period.
However Auckland was at odds with this trend, with a slight decrease in asking price by 0.8 percent to $982,155.
Realestate.co.nz spokesperson Vanessa Taylor said the national housing shortage is not getting better and buyers have “less choice than ever”.
“New Zealand's fast-growing population coupled with an increase in the number of Kiwis returning home due to COVID-19 is likely increasing the demand for property,” she said.
"With many Kiwis unable or reluctant to relocate overseas right now, this too is likely putting a strain on the market.“
Are you concerned about the impact Covid-19 will have on the Auckland property market?
Give the gift of tickets this Christmas!
Surprise your loved ones with tickets for the Heart Foundation Christmas Lottery. It's a gift that could change their lives!
They'll have the chance to win a brand-new, fully furnished Jennian home in Clarks Beach, Auckland, valued at over $1 million. Plus, there are incredible prizes up for grabs, including international travel.
Tickets are just $15 each, and every purchase supports life-saving research. Get yours online today at heartlottery.org.nz.
Puzzle Pros of the Neighbourhood, Assemble!
What common English verb becomes its own past tense by rearranging its letters?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Coasties Quiz Night
Coasties Quiz Night
Thursday 5 December 5.30pm-7pm
Hibiscus Coast RSA Stanmore Bay
Everyone Welcome and Everyone Free
Join us for an exciting evening of trivia at the Hibiscus Coast RSA on Thursday 5 December 5.30pm-7pm, hosted at the very comfortable Hibiscus Coast Community RSA.
This event is open to everyone, both members and non- members and completely free to attend, making it the perfect opportunity to gather your friends and test your knowledge in a fun and friendly atmosphere.
Create a team of two to six people and prepare for an engaging quiz led by MC Alan Reeves from Going Bananas.
With stimulating questions covering a wide range of topics including general knowledge, world events, sports, potluck themes and music, there’s something for everyone to enjoy.
As you compete for the top spot, remember that the winning team will take home a voucher for dinner for two plus four $10 drink vouchers from the bar.
Furthermore the last person standing receives a $10 bar voucher.
The Spencer on Byron Hotel provides the ideal backdrop for this lively event, offering affordable drinks, delicious food, and exceptionally hospitable staff ready to ensure you have a fantastic experience.
And what’s even better is the happy hour with half priced drinks runs from 5pm until 6.30pm!
If you are flying solo, no problem we will make up a team for you!
Don't miss out on this chance to meet new people, enjoy a night of camaraderie, and compete for some great prizes.
We can't wait to see you there!
Alan Reeves
027 2448714
Loading…
