26 Nov 2021

Despite lockdown, online auctions, AK house prices soar

From First Up, 5:43 am on 26 November 2021

Auckland's housing market continues to soar despite the city spending more than 100 days in lockdown. Homes are being snapped up sight unseen by kiwis desperate to return home and there is huge demand for homes on big sections that can be developed into terraced housing. It all comes as the Reserve Bank increased the offical cash rate this week by 25 basis points to 0.75 percent. Reporter Ella Stewart went behind the scenes of Barfoot and Thompson's weekly online auction to see what all the fuss is about.