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Speaker 1: Auckland Council has released the property valuations for Auckland City

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Speaker 1: been a bit delayed. Not pretty. Valuations are down nine

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Speaker 1: percent on average. Some properties are down significantly more. Barford

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Speaker 1: and Thompson's Rawdon. Christie's with us at Rawdon.

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Speaker 2: Hello, how are you, Hannah?

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Speaker 1: You good, very well. It's lovely to talk to you again.

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Speaker 1: Rauden listening you had any phone calls from upset homeowners

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Speaker 1: about this.

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Speaker 2: I've had conversations with concerned homeowners, but I think all

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Speaker 2: vendors at the moment have been a little bit concerned.

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Speaker 2: This is just another little bit of a body blow.

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Speaker 2: And I'm trying to sort of make people realize that

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Speaker 2: both both vendors and buyers that these counts of valuations

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Speaker 2: really should be by and large just ignore them because

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Speaker 2: they are not a property valuation. But it's very hard

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Speaker 2: to tell people that because people do still look at

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Speaker 2: council valuations and think they give you and some sort

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Speaker 2: of indication on property value.

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Speaker 1: Yeah, do you reckon it's going to have any impact

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Speaker 1: on deals or wrong? Whether people want to list their

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Speaker 1: houses at the moment.

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Speaker 2: I've had conversation with buyers today who are putting forward

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Speaker 2: offers and are making it very clear that they think

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Speaker 2: their offer is particularly good given the fact that counsel

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Speaker 2: values have dropped today. And that's a really significant thing

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Speaker 2: because that they are just saying, I would potentially reconsider

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Speaker 2: the offer I'm putting forward were it at a worthy

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Speaker 2: council evaluation to have dropped by a certain amount. Now,

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Speaker 2: whether that's buyers just because buyers do hold all the

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Speaker 2: cards at the moment to an extent, whether that's just

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Speaker 2: them having yet another arrow in their in their in

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Speaker 2: the bow as such to be able to beat prices down,

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Speaker 2: I'm not sure. But that conversation has been had several

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Speaker 2: times today.

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Speaker 1: Have you had a look at how much your house

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Speaker 1: went down?

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Speaker 2: I haven't looked. I don't want to, because that's the reality,

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Speaker 2: is that we're just going to have a whole heap

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Speaker 2: of really depressed people because we all think, we all

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Speaker 2: think we're poorer now, which is not true.

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Speaker 1: No, it's all in there. It's completely irrational. Rud and

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Speaker 1: I really appreciate it. Thanks for sitting it straight, Rud

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Speaker 1: and Christy real Estate Edge and I'll tell you, well,

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Speaker 1: I would hate to be in retail this weekend. So

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Speaker 1: just feel like everybody's going to be so depressed they're

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Speaker 1: not going to go out and spend any money at all.

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