I viewed several properties recently in Christchurch. Houses are just not selling.Its true one should wait untill the end of the year for a real bargain. Nearly all of the properties end up at auction. I have seen properties at $420000 let go at auction for 370000. if they are desperate will go for less because the buyer or the banks have to take the best offer.if you got the cash,can make a real kill, but i still would wait untill later in the year. One mans loss is another mans gain.
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