A five bedroom home in Mt Eden with a CV of $2.875 million has sold for $4.280 million.
"The rural sector continues to reinforce its primary position as being the backbone of the NZ economy."
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.
Property investors will emerge from the pandemic largely unscathed, it appears.
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.
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.