PHOTO: LIZ MCDONALD/STUFF A growing number of people in some parts of the country are struggling to get what they paid for them.
Most New Zealanders are still making significant capital gains when they sell their houses – but a growing number in some parts of the country are struggling to get what they paid for them.
Corelogic has released its latest Pain and Gain report, which looks at the profits and losses made in property transactions in the first three months of this year.
In the quarter, 3.4 per cent of houses sold at a loss, and 9 per cent of apartments.
The median resale profit was $189,000, down from $200,000 at the end of last year.
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