Stress cracks widen at top end of real estate market
The adage ‘the bigger they are, the harder they fall’ is becoming a common refrain in current housing market.
Downturn in larger home sales.
Brent Melville
Thu, 13 Jun 2024
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Real estate lost some of its recent buoyancy through the past quarter, particularly on the bigger side of town.
CoreLogic said 221 suburbs, or almost a quarter of the 938 that the firm monitored, had seen property value declines of at least 1% during the June quarter.
Data from the analytics firm
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Brent Melville
Thu, 13 Jun 2024
Contact the Writer: bmelville@nbr.co.nz
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© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Stress cracks widen at top end of real estate market
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