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flag Luxury property sales in Auckland plummet, but surge in Queenstown and Bay of Plenty.

flag Luxury property sales in New Zealand have fallen over 50% in the last four years, with a 14% drop in Auckland in 2024. flag However, sales in Queenstown Lakes District rose by 91% and increased by 20% in the Bay of Plenty. flag This shift may indicate a migration of wealth from Auckland to other regions, though early signs point to a potential resurgence in ultra-premium property sales in Auckland.

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