How much below asking price should you offer on a house in NZ?

Thinking of making a lowball offer on a house? Experts warn that "cheeky" bids can backfire by alienating sellers, who may refuse to negotiate with you later. Your offer should be a "conversation opener," not a deal-killer.

While the market has shifted down 10-15%, sellers still expect realistic bids. CoreLogic analysis also shows that waiting for prices to fall further may not lead to significant savings if mortgage rates continue to rise. Be realistic to start a successful negotiation.