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Property Prices Flatlining Amid Buyer Power | Auckland News
Property prices nationwide dipped another 0.2% in June, fueled by global uncertainty and rising interest rates — a trend that’s seen values fall 0.8% over the last three months and nearly 1% year-on-year, with inflation-adjusted drops nearing 30%. Auckland led the declines, dropping 0.5% alone in June, while Christchurch and Dunedin bucked the trend with slight gains. High inventory and buyer choice are driving downward pressure, compounded by lingering economic headwinds. With the election looming and sellers hesitant to move, experts predict a flatlining market — possibly lasting through…
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