Despite the entire month of November being in Covid Alert level 3, six of the seven Auckland districts reached record median prices, including both the North Shore and Waitakere City.
Early signs indicate the market settling into a more to a stable & sustainable stride, albeit a very steady one. Predictions are that price growth will continue yet at a more controlled rate. The Governments measures to cool the market, the Reserve Banks OCR increases and banks tighter lending criteria all contributing, albeit minimally. There is also the anticipated increase in kiwis arriving home MIQ-free in early 2022.
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