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NZ Herald Wellington Business Editor on high interest rates smashing house prices

Author
Newstalk ZB,
Publish Date
Wed, 15 Jun 2022, 6:48pm
Photo / Getty Images
Photo / Getty Images

NZ Herald Wellington Business Editor on high interest rates smashing house prices

Author
Newstalk ZB,
Publish Date
Wed, 15 Jun 2022, 6:48pm

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.

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