OneRoof.co.nz
HOUSING AFFORDABILITY
ALL SHOOK UP How the property boom changed the face of NZ cities
BETWEEN January 2020 - just before Covid took hold - and January 2022 the nationwide average property value jumped 45 per cent, from $760,000 to $1.103 million. Some towns and cities saw growth of more than 60%, and even those left behind by the boom registered a level growth that would be, in years previous, classed as strong. The housing frenzy radically altered the landscape for buyers and sellers, with typical prices in many locations now well above $1m. The maps over the following pages illustrate that dramatic change. Data analysis: Owen Vaughan, James Wilson, Wayne Shum Maps: Chris McDowall, Derek Watts Design: Beth Walsh
21
