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PHOTO: CHRIS MCKEEN/HOMED – Price falls are not evident at Hobsonville Point because most houses are pre-sold, its chief executive Chris Aitken says.

New houses are starting to fall in price in Auckland, as builders reposition themselves for the city’s cooling real estate market.

Chris Aitken, chief executive of Hobsonville Land Company, said he had seen several builders reducing their prices as finished houses hit a market that’s peaked.

The market for 2018 is different to how the market was in 2016, he said, “and a number of builders right across Auckland have repriced new stock now that it’s come to market”.

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