In this episode, we discuss how the property market performed during the Coronavirus-induced lockdown. This is based on data recently released by the Real Estate Institute of New Zealand.
As predicted, volumes massively dropped during April 2020, down just under 79% year on year. However that decrease is not spread evenly, Auckland's volumes, decreased just under 69% year on year. That is in part the reason why the median house price continued to rise to a record price of $680,000.
We also mention that we have our final weekly property investment webinar is happening this Tuesday at 7pm. This week Andrew will talk about how he manages his property investment portfolio, which at its peak had 38 properties within it.
The Property Academy Podcast