Two first-time buyers have picked up a three-bedroom house townhouse in the wealthy Auckland suburb of Devonport for an ultra-low price. The reason? The property was being sold for land value only.
Barrister Michael Thornton, who is a specialist in leaky building litigation, estimated there were around 80,000 homes that built been with weathertightness issues, of which 10,000 have been through a litigation process in court or the Weathertight Homes Tribunal to recover their losses.
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