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One in eight Auckland homes on sale are at risk of selling for a loss or minimal profit, according to OneRoof data.Â
Since skyrocketing to a record high of $1.58 million, prices have fallen around 19 percent, while interest rates have jumped sharply.Â
OneRoof Editor Owen Vaughan tells Mike Hosking people are selling homes in a stress point due to high mortgage interest rates.Â
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