TLDR & TLDL: The housing market just will not lie down. The Block’s auction last night yielded a record price and there are regular reports now of ‘flipping’ behaviour and sales of properties for multiples of CVs. More on that below.
Overseas overnight, the COP26 conference finished with a deal to launch carbon markets, but a failure to phase out coal.
Coming up later today, I’ll be watching for more news from cabinet at the 4pm news presser on how fast and loose Auckland’s reopening after Nov 29 will be. A border opening date with details is due this week. We’ll likely hear this afternoon more about when booster shots can start. I welcome potential questions below in the comments section from paid subscribers.
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