As the saying goes, what goes up must come down, and is certainly the case for property prices across Aotearoa right now.
The latest data from realestate.co.nz shows that asking prices have dropped by 7.2% since January this year, with the average monthly decrease around 10 thousand dollars.
That's a big drop from the record highs at the start of the year when average house price hit 1 million dollars.
Editor of the political The Kāka editor Bernard Hickey talks to Jesse about the fall in price and when it might bottom out against a backdrop of international economic turmoil.
Photo: RNZ / Marika Khabazi
