C21 NEW ZEAL AND NEWS
SPRING LOOKING STRONG FOR REAL ESTATE B Y D E R R Y N M AY N E , C E O, C E N T U R Y 2 1 N E W Z E A L A N D
September is looking up, following a very strong August for real estate across New Zealand. Just months ago, few would’ve expected such positivity in and around property prices going into spring. In fact, Auckland’s latest lockdown is now a distant memory.
on 12 months ago. Amazingly, so
lower and prices in the regions
many regions, districts and cities
doing extremely well despite what
have also achieved record median
many pundits’ predicted.
prices in August. New Zealand’s property market is proving to be very resilient, with the
be stronger than many anticipated. The wage extensions,
Property Report for August which
the General
shows median house prices
Election’s
across New Zealand up by 16.4%,
deferral to 17
compared to August 2019.
October, and the
Auckland’s annual median house
mortgage holiday
while seven other regions also enjoyed record median prices
we operated safely
season set to
REINZ has released its Monthly
$950,000 - a new record high,
Century 21’s offices under Alert Level 2, and in Auckland
coming summer
subsidy
price increased by 16.0% to
Activity has remained strong for
"Trade Me data recently released showed property prices had their biggest year-on-year increase in over three years..."
Alert Level 3 for nearly three weeks last month. Under Level 2 the real estate industry has done well to observe the
likes of two-metre
scheme now running through to 31 March 2021 have all helped to keep real estate buoyant in August
during August. What’s more,
and September.
Auckland was up 3.5% on the
The property market’s key
previous month.
fundamentals remain in great
Every region has seen an increase
shape, with mortgage rates never
C21 MARKET PULSE
and effectively in
02
CENTURY 21
social distancing, ensure a contact tracing system is in place at an open homes, and restrict auction attendance numbers. Century 21 offices in the likes of Waikato have continued to experience high demand, with some great prices being achieved regardless of Level 2 or any
