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