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Pemberton Secondary wins B C High School Mountain Biking Championship

Kiwis can t travel so they re pouring money into houses, expert claims

Kiwis can t travel so they re pouring money into houses, expert claims Newshub 2/03/2021 © Video - The AM Show; Images - Getty/The AM Show Vanessa Taylor on The AM Show. The rapid rise in house prices over the past year has been blamed on many factors - usually lack of supply, low interest rates and FOMO . Now we can add border closures to that list.  When you look at the true patterns of Kiwis right across New Zealand, we love to travel and we love property,  Vanessa Taylor, chief executive of realestate.co.nz, told The AM Show on Wednesday. If you take one of those away, that s 50 percent of our lives and we re probably going to focus on property, and that s absolutely what s happened since COVID hit our shores - can you believe - a year ago.

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