Buyers could hold all the cards, based on a plunge in Auckland Council home valuations.

Numbers have been released today for 630,000 properties across the region, and will affect how the spread of rates from next month.

On average, residential homes dropped nine percent from 2021 CVs.

Real estate agent, Rawdon Christie, says buyers could use it to help beat down prices.

He explained they're making it clear they think they're making a good offer - given values have dropped.

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