High interest rates are smashing New Zealand house prices.
House prices have continued to fall through May and are now off around 6 percent since their peak in November last year according to REINZ figures.
Annual house price growth has since slowed to just below 4 percent.
NZ Herald Wellington Business Editor Jenee Tibshraeny joined Heather du Plessis-Allan.
LISTEN ABOVE
House prices have continued to fall through May and are now off around 6 percent since their peak in November last year according to REINZ figures.
Annual house price growth has since slowed to just below 4 percent.
NZ Herald Wellington Business Editor Jenee Tibshraeny joined Heather du Plessis-Allan.
LISTEN ABOVE
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