Owen Vaughan: OneRoof Editor on Auckland homes at risk of selling for a loss following price fall since boom period
The Mike Hosking Breakfast · Newstalk ZB
May 12, 20243m 30s
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Show Notes
One in eight Auckland homes on sale are at risk of selling for a loss or minimal profit, according to OneRoof data.
Since skyrocketing to a record high of $1.58 million, prices have fallen around 19 percent, while interest rates have jumped sharply.
OneRoof Editor Owen Vaughan tells Mike Hosking people are selling homes in a stress point due to high mortgage interest rates.
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Topics
oneroofoneroof editorowen vaughanauckland homesselling at a loss