Buyers still ruling the roost, real estate losses at 11-year high
The number of sellers prepared to drop their asking price edged up by more than a fifth last quarter, the country’s largest listing agency says.
A couple who sold their six-year-old Glen Innes terrace house last month, for which they paid $1.35 million in late 2021, lost $180,000 on the deal.
The reason for the sale included financial pressures, not least of which were mortgage payments that had more than doubled to more than $7000 a month,
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