Most pundits tipped house prices to fall in the expectation Covid-19 would wreak economic havoc on the nation. "This has pushed many so-called affordable Auckland suburbs within striking distance of a $1 million median property value," he said. There were now just eight suburbs with median property values of $650,000 or less. The number of suburbs with median property values between $650,000 and $900,000, meanwhile, also shrunk from 73 to 38 in the last 12 months. Each had median prices below $650,000 one year ago that had now jumped in value by more than $200,000.

Source: New Zealand Herald February 28, 2021 16:01 UTC