A five bedroom home in Mt Eden with a CV of $2.875 million has sold for $4.280 million.
They also sold the homes for over their specified limit.
"The rural sector continues to reinforce its primary position as being the backbone of the NZ economy."
REINZ house price data shows the nationwide house price rose 96 percent from 2010 to 2020.
REINZ September data saw property sales reach a 42-month high, the most sold in September in 14 years.
An October REINZ real estate agent survey shows attendance at open homes and auctions is rising.
An economist has a theory on why house prices have continued going up.
Tenants around the country are looking at rent increases of up to 30 percent.
Property investors will emerge from the pandemic largely unscathed, it appears.
The national average asking price in August was $701,750.
Economists, real estate agents and property buyers are shrugging off a forecast of falling house prices.
Sales for the three months ending August 2020 were up more than 45 percent, compared to the same time last year.
Economists are struggling to explain the biggest rise in house prices since early 2017.
Thirteen companies have now been fined in relation to the scheme.
REINZ analysis shows properties in Gisborne are selling for significantly higher than their capital value.
A renters group is calling for it to be illegal for landlords to raise the rent beyond inflation.
"There is life after politics and if you embrace it - it's absolutely terrific."
Economists now expect the Official Cash Rate to fall below zero by mid-2021.
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During COVID-19 alert level 3, property appraisals dropped while bank valuation requests increased.