Activity outside of Auckland remained strong
Derryn Mayne, the owner of Century 21 New Zealand, expects the real estate market to remain stable in spring as Auckland's lockdown ends.
The realtor boss said activity outside of Auckland for Century 21 offices remained strong under level 2 lockdown. The company website had also seen heavy traffic from prospective buyers during level 3 lockdown in Auckland.
“Real estate websites have enjoyed good visitations in recent weeks from Aucklanders – many of whom we can expect to pounce with level 3 lifting,” Mayne said.
“It's safe to assume we'll now see some extra activity going into spring, helped by some pent-up demand in Auckland after nearly three weeks in lockdown.”
Read more: Auckland sales surpass 2019 volumes
Mayne said September could be an excellent month to buy and sell properties, thanks to the extension of the wage subsidy scheme, delayed general election, and record-low interest rates.
“Century 21 offices in the likes of Waikato have continued to experience high demand, with some great prices being achieved regardless of level 2 or any uncertainty caused by COVID-19. In fact, most of the regions are still going from strength to strength,” she said.
“There's no doubt that Auckland has slowed down, but that in itself creates opportunities for the likes of first-home buyers and investors.”
