New Zealand house prices continue to plunge, as national average falls below $1m
Downturn is entrenched across the country, but fears that falling prices and rising interest rates will hit borrowers have been played down
New Zealand’s property market has continued its slide, with the average house price falling below $1m for the first time in nearly a year.
Property analytics company CoreLogic released its latest house price index on Thursday, which shows that in August property values fell 1.8% nationally, double the 0.9% fall recorded in July.
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