New Zealand's housing market has felt the impact of the country's level four lockdown, new Trade Me data shows. "Once we drop into lower alert levels and open homes are up and running again, we expect to see the property market bounce back pretty quickly." Jeffries said the Auckland property market appeared to be bouncing back after some strong price growth in February and March. "Auckland, Canterbury, Gisborne, Hawke's Bay, Manawatu/Wanganui, Otago and Wellington all reached record-breaking average asking prices last month. Jeffries said the global financial crisis offered some insight into how a worldwide recession might affect local property prices.

Source: Stuff April 15, 2020 23:28 UTC