1332 days ago

Home buyers have “less choice than ever” as Covid-19 hits Auckland property market

Ripu Bhatia Reporter from Community News

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?

More messages from your neighbours
20 minutes ago

welcome (& help) new neighbour

Julia from Henderson

kia ora lovely neighbours

as some of you know, I love the marketplace on here - (you know people are LOCAL, easy to collect) - and meet such lovely neighbours in the process.

I did not click on the 'ad' for "free house hold stuff" - as I though were GIVING away stuff - and little I need right now.

oh when I did - a very easy mistake to make - ASKING for - not giving away

Amanda & her 2 sons (12 & 16) have just moved here, out west, from Wellington - and looking for a helping hand

so generous neighbours - is there anything surplus to your requirement that you can help Amanda with?

"Hi me an my two sons have just relocated to Glen Eden from Wellington an are looking for few things for our house kitchen table an chairs pots an pans an draws cabinets etc thank you"

"16 and 12 and we are needing dinning table and chairs vacuum kitchen stuff and draws for boys rooms"

I think I have a spare large frying pan - but can't help with the rest....

if you can't help, all good - just if you don't ask, you don't get - (so see Amanda's ad - in Marketplace - under "free house hold stuff" - for her contact info)

peace & love - arohanui

19 hours ago

Lest we forget...

The Team from Neighbourly.co.nz

On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.

Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.

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4 days ago

Poll: Does the building consent process need to change?

The Team from Neighbourly.co.nz

We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.

Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.

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Does the building consent process need to change?
  • 91.5% Yes
    91.5% Complete
  • 8.1% No
    8.1% Complete
  • 0.3% Other - I'll share below!
    0.3% Complete
1159 votes