The New Zealand property market is currently ‘on fire’ thanks to Covid-19 and low interest rates – it’s now cheaper to buy property in London or San Francisco than Auckland

• Homes cost an average of 5.1 times people’s median income in Auckland and only Hong Kong, Vancouver and Sydney are more expensive
• The number of houses on the market in New Zealand are at an all-time low and developers are rushing to push through new projects to meet demand