2020 capped with a +19% rise in house prices for the year despite a sharp jump in volumes sold. Prices were up $323/day in December in Auckland, according to REINZ data

>I think only some of this is just 'we are stuck at home from covid so improve house'. I feel some of it is 'spend the dollars we have while they are still worth something'. A lot of it is that a bunch of middle classers have heaps of money leftover from not being able to travel as well. Instead of them spending $10-15k for trips, now they can put that money towards a new home. All this money printing helps too