New Zealand house prices continue to rise, and the number of properties sold last month was the highest for a July in five years, the Real Estate Institute of New Zealand (REINZ) said on Friday. The median house price across the country was up 3.4 per cent on June, and jumped 14.8 per cent on a year ago to $660,000. The market’s surprising strength was due to catch-up demand after the level 4 lockdown, as well as factors such as record low interest rates and the removal of loan-to-value ratio (LVR) restrictions by the Reserve Bank.
Air New Zealand, Jetstar and Air Chathams have collectively cancelled 29 flights in and out of Auckland on Friday. The cancellations come as Auckland enters its third day of alert level three lockdown with a decision on whether the lockdown will be extended being announced by Prime Minister Jacinda Ardern at 5.30pm. The super city was put into alert level 3 and the rest of New Zealand put into alert level 2 after authorities uncovered community transmission of Covid-19 in South Auckland. Auckland International Airport has been a restricted zone since 12pm on Wednesday with strict rules about who can enter the terminal and board a flight in and out of Auckland.
Auckland International Airport’s runway will return to its full length on Monday following completion of a 10-week project to replace 280 concrete slabs. The airport copped criticism from airlines and pilots in early 2020 after faults and cracking on its runway resulted in two unplanned runway closures causing widespread flight disruptions.