PHOTO: DOMINICO ZAPATA/STUFF The coronavirus crisis hasn’t curbed New Zealanders love of property, says realestate.co.nz spokeswoman Vanessa Taylor (file photo).
New Zealanders’ passion for property has given the Waikato market immunity from a coronavirus-induced downturn – for now.
And Waikato’s housing market bounce back is being aided by growing numbers of Aucklanders keen on a shift south.
New data from realestate.co.nz shows the average asking price in Waikato now sits at $667,517 – an increase of $70,000 in just 12 months – but down from May’s all-time high of $680,961.
Waikato real estate bosses say the pick up in the real estate market post-Covid-19 lockdown has been stronger than many predicted.
Analysis of web traffic on realestate.co.nz show there were 62,383 searches for Waikato properties in June, with 37 per cent of enquiries from Auckland. Auckland-based enquires made up 29 per cent of Waikato property searches during the same month last year.
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