The impact the Corona Virus lockdown has had on New Zealand’s housing market is that of accelerated growth. Higher demand. Higher prices.
This is proven to be the case both in the first lockdown in March last year when Aucklands house prices increased from 0.5% to 3.5%. And the rest of New Zealand saw an increase of 2% to 3.2%.
The second, longer lockdown resulted in similar statistics. July 2021 saw Aucklands house prices increase 3.3% from twelve months previous.
All indications mean we expect further increases are set to continue.