PHOTO: Property Ladder
Experts previously believed that the property market would crash and burn due to the impacts of the COVID-19 pandemic. However, the market is full of activity as first-home buyers and other investors remain eager to climb the property ladder despite the unstable environment and drop in the housing stock.
House prices continue to increase across the country, including Auckland’s Paritai Drive and South Auckland suburb of Manurewa, as housing stock struggles to keep up with the soaring demand.
Independent economist Tony Alexander said no one had predicted what would happen to the market six months ago due to the unpredictability of the environment.
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