New Zealand Property: Downturn in Auckland housing market sees five auctions cancelled over lack of interest - Newshub

Only 23.4 percent of homes that make it to auction day in the last month got sold.

Rising interest rates and cost of living pressures are also affecting house prices.  The Reserve Bank on Wednesday raised the OCR to two percent, up 50 basis points, in the face of 30-year-high infl… [+1128 chars]

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