Property values in New Zealand do not always appreciate; some properties purchased in 2015 were sold for $10,000 less than their purchase price, contradicting the common cultural assumption that property values continuously increase.
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Why Some NZers LOST Money on NZ Property (2015–2025)本站添加:
When the property's not go up in value.
We've had some customers who purchased a property in 2015 and they sold it towards the end of last year and they sold it for $10,000 [music] less than they paid for it. That's wild. Most people in New Zealand would assume that's impossible. Our culture around property, our view of property is just that it continues to go up and up and up. We've seen the truth of that that it doesn't always go up. People probably want to know what makes property not appreciate. They heard my story at the at the start and they said, "Well, what the heck was going on with that house?"
Is property even as solid as we thought?
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