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Auckland homes are at risk of selling for a loss following price fall since boom period

Publish Date
Mon, 13 May 2024, 9:02am
Photo / Getty Images
Photo / Getty Images

Auckland homes are at risk of selling for a loss following price fall since boom period

Publish Date
Mon, 13 May 2024, 9:02am

One in eight Auckland homes on sale are at risk of selling for a loss or minimal profit, according to OneRoof data. 

Since skyrocketing to a record high of $1.58 million, prices have fallen around 19 percent, while interest rates have jumped sharply. 

OneRoof Editor Owen Vaughan tells Mike Hosking people are selling homes in a stress point due to high mortgage interest rates. 

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