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1538 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
5 days ago

Poll: Do you think NZ should ban social media for youth?

The Team from Neighbourly.co.nz

The Australian Prime Minister has expressed plans to ban social media use for children.

This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.

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Do you think NZ should ban social media for youth?
  • 85.6% Yes
    85.6% Complete
  • 13.3% No
    13.3% Complete
  • 1.1% Other - I'll share below
    1.1% Complete
2030 votes
4 days ago

What's your favourite recipe for courgettes?

Mei Leng Wong Reporter from NZ Gardener & Get Growing

Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.

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12 hours ago

Bakelite Brothers are back at Manukau Cruising Club - Nov Sunday 24th

Peter from Mount Wellington

Hey everyone! Just a quick reminder that we're back at the Manukau Cruising Club Sunday 24th Nov. Doors open at 1pm for setup, and we'll be playing our mix of popular songs from 2pm to 5pm. The bar will be open, and there's no cover charge.

Come on down and enjoy some live music with us. We'd love to see you there!

Support Local Live Music! 🎶

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