All the talk in auction rooms and open homes this year has been about first home buyers and landlords flipping from Fear Of Missing Out (FOMO) to Fear Of Over Paying (FOOP). House prices falling as much as 20% from their late 2021 peaks in Auckland City and Wellington City, and falling rents for central Auckland apartment have some people thinking in the moment that this is only the beginning of a deeper and longer fall. Any market always feels darkest before the dawn, and in the moment, feels like it can only get worse (or better if you're a first home buyer or bargain hunter).

https://www.interest.co.nz/property/117184/bernard-hickey-argues-falling-mortgages-rates-landlords-celebrating-likely-national

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