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?
It’s Riddle Time! Beat the Neighbourhood with Your Smarts!
Which of the following words don't belong in the group and why?
CORSET, COSTER, SECTOR, ESCORT, COURTS
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Neighbourhood Riddle Duel: Who Will Guess First?
There are three playing cards in a row. Can you name them with these clues?
There is a two to the right of a king.
A diamond will be found to the left of a spade.
An ace is to the left of a heart.
A heart is to the left of a spade.
Now, identify all three cards.
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🎄Let's get festive 🎄
If you've decked your halls with all things jolly, we think it deserves to be shown off!
Share a photo of your home in its Christmassy glory and be in to win a spot prize. Some of these entries will be chosen as a finalist for the grand title of NZ's Merriest Home which Neighbourly members can vote on!
Entries close Sunday, 15th of December so share a photo today 📸
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