Property prices seen rising as sales dry up

Wed, 03 Jun 2020

Efforts to flatten the covid-19 curve appear to have had only a muted impact on New Zealand property prices, according to the latest projections.June forecasts from homes.co.nz paint a continuing picture of buoyant residential property prices, albeit on vastly reduced sales due to the country’s covid-19 shutdown.The real estate website, which represents listings from about 40 percent of the residential market, shows an 8 percent year-on-year increase in the median house price in Auckland at $958,000 for June, although line honours again h...

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