Available Auckland property near to four-year low

"Choice at present in Auckland is severely restricted," said Barfoot & Thompson managing director Peter Thompson.

"Many current home owners appear to be putting off making decisions about property until they have a better feel for where the economy is heading.

"At the end of June we had only 5067 properties on our books, the lowest number since August 2007.

"New listing for June at 1153 was consistent with the number for May (1169) and with June last year (1194), but not sufficient to improve the lack of choice which has been tight for the past three months.