An Auckland couple lost 83 per cent of their investment when they sold a property in one of the city’s best urban precincts.
As the gloss goes off the Auckland housing market, the Mt Albert pair, who paid $349,000 three years ago for a Beaumont Quarter apartment, have sold it for $58,600.
Oouch.
» Unit’s value plunges 83pc – NZ Herald, April 19th 2008