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.

LISTEN ABOVE

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.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Rawdon Christie: real estate agent on what decreased Auckland property valuations mean for buyers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d5a58108-a6da-4c78-9cfc-b2f800647524/transcript