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?
Neighbourhood Challenge: Who Can Crack This One? ⛓️💥❔
What has a head but no brain?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these 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.
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
Boxing Day Alert! Grab a Mattress That Feels Out of This World
Ever wondered what it’s like to sleep on a mattress designed by NASA? Tempur started in space, and now it’s here to give you next-level comfort right at home!
Imagine a mattress that cradles every curve, reduces pressure, blocks your partner’s tossing and turning, and lasts for years. Side sleeper, back sleeper, or somewhere in between - there’s a Tempur just for you.
Even better? Perfect timing! Our Boxing Day Sale is happening now! It’s the perfect chance to grab your dream mattress and upgrade your sleep before the year ends.
Find your nearest Beds4U store: beds4u.co.nz...
Browse all Boxing Day deals: beds4u.co.nz...
Want to learn more about Tempur mattresses before you buy? Check out our guide here: beds4u.co.nz...
Neighbours, your dream bed is waiting - don’t let another sleepless night pass!
Loading…
