Desperate Aucklanders are listing their properties for sale at up to 30% below their council valuations, appearing to confirm that the city's property bubble has well and truly burst.
And former ANZ economist Cameron Bagrie believes Tauranga, Hamilton and Queenstown could soon follow.
A Herne
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).