Category — New Zealand

The property market is cooling. Houses are taking longer to sell and going for less. But some areas will thrive in difficult conditions. We get the experts’ top tips for 2008’s hot spots in Auckland and beyond.

You’ll have to go further for Auckland’s best property deals next year, with experts tipping the outlying suburbs to be among the hot spots.

Parts of sometimes-maligned west and south Auckland are among the areas predicted to provide the best value in the cooling market, with little action expected in the central suburbs.

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It’s the ultimate des-res for those wanting to get away from it all.

A cool $40 million will buy you your own island paradise, far away from prying eyes.

It’s a purchase popular with the Hollywood A-list - Leonardo DiCaprio, Nicolas Cage and Brad Pitt all own one - and there are plenty of opportunties for New Zealand’s most wealthy to follow suit.

Pakatoa Island, 24ha of isolation 3km off the southeast tip of Waiheke, could be yours for $40 million.

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