Developers and investors in South Auckland are threatening to pull the plug on house sales unless they get a discount, OneRoof reveals. Tom Rawson, the director of Ray White Manukau, one of Auckland’s largest real estate franchises, says a number of his vendors were facing financial stress as result of bullying and predatory behaviour in the market. In one extreme example, a buyer asked for a $200,000 price reduction because the property market had cooled since he had bought unconditionally in November.

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