Why Covid hasn’t crushed the NZ housing market
By nearly all measures, the NZ housing market has performed better than expected. So far, house prices are defying logic, expectations, and even belief, as they shoot up to record highs amid the health and economic crisis.
How much have house prices increased?
According to the Real Estate Institute of New Zealand (REINZ), the median house price for NZ increased to $675,000 in August. This...