The Auckland home that lost $100,000 in 20 years

By Susan Edmunds of RNZ You might think if you bought a house in Auckland 20 years ago and sold it this year, you would be guaranteed to make money. But in a couple of recent sales, owners have lost money – and more than $100,000 in one case. The reason? They were leasehold properties.

These are the kind of properties that often capture first-home buyers’ attention, because they stand out among “for sale” listings due to their prices..