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Here's a bit of hope for those of us still to buy a home and for those of you back home who have not yet sold. Seems like the property boom in Auckland has peaked. We've certainly seen house prices coming down, houses that were marketed at $700K a few months ago are now still on the market at $650K. Some houses are going to auction and no one's turning up.

Have a look at this report http://www.prendos.co.nz/prendos/propertytalkframedec2004.htm

Also a good section on leaky houses.