Kelvin Davidson: Corelogic Chief Property Economist on the downwards trend in the property market
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
Auckland looks to be leading the pack in the downwards property market.
CoreLogic's latest House Price Index reveals property prices have dipped 0.2% around the country in May.
Auckland dropped a notable 0.8% on the back of a 0.6% fall in April.
Chief Property Economist Kelvin Davidson says it's pretty striking to see our largest city having a weakness in prices.
He says Auckland has gone backwards in the past two months and that's something to keep an eye on.
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