Some of the the largest losses being made on property are in Auckland, and in affluent, “blue-chip” suburbs that market commentators often claim are more immune to dramatic house price falls. Six of the top eight property losses made recently were in Auckland, and all had one thing in common - they were bought and sold in the space of two years. CoreLogic’s recent Pain and Gain Report showed the number of properties selling at a loss has hit a seven-year high, with investors were losing money more often than homeowners, and Auckland sellers were losing money more than any other region. The property, on Clovelly Rd, ... (full story)