More property sellers facing losses as house prices fall

Wednesday 13 November 2024 · 2 outlets · 3 reports · updated Wed 13 Nov 2024, 5:00am

In this story Cotality NZ, Kelvin Davidson

A rise in loss-making property resales has been reported following falling house prices and increased listing volumes. CoreLogic New Zealand's Q3 2024 report shows the national proportion of profitable resales fell to 90.2%. In Wellington, nearly 10% of properties sold last quarter resulted in a loss, with a median deficit of $93,575.

How they headlined it

5am

1. StuffWed 13 Nov 2024, 5:00am

   More property sellers face losses amidst weak market (opens in new tab)

2. The PostWed 13 Nov 2024, 5:00am

   More sellers feeling the ‘pain’ (opens in new tab)

   • Losses rise for Wellington home sellers (opens in new tab) Wed 13 Nov 2024, 5:00am