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Covid Boom Reset NZ Housing Market | Auckland News
Covid turned New Zealand’s housing market into a wild ride—prices skyrocketed on low rates and lockdowns, but now the market’s reset, returning to where it would’ve been without the pandemic. Without the boom, average prices would’ve stayed around $1.57M nationally, but instead, they’ve cooled to $955K, with cities like Wellington and Gisborne seeing similar corrections. While Australia’s market kept climbing, NZ’s correction has made homes more affordable again, giving first-home buyers a fresh chance. Experts say the market’s back to normal—no more double-digit price jumps, just steady…
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