Ashley Church: Will Covid-19 have a lasting impact on the property market?

Author
Newstalk ZB,
Publish Date
Sat, 15 Aug 2020, 5:54PM
Photo / File

Ashley Church: Will Covid-19 have a lasting impact on the property market?

Author
Newstalk ZB,
Publish Date
Sat, 15 Aug 2020, 5:54PM

Exactly how Auckland property deals will be affected during the next few weeks won't be known until REINZ releases its August sales spreadsheets around mid-September.

The latest Real Estate Institute data shows Auckland’s median house price increased by 11.5 percent over the past year to $920,000.

A third more properties were sold in the region in July this year, compared to the same month last year.

But the big question is whether the housing market will bounce back again with level three in Auckland being extended.

Ashley Church is a property expert for One Roof. He joined The One Roof Radio Show on The Weekend Collective to share his thoughts.

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