New data shows Australia's house prices have taken a plunge, with Sydney and Melbourne leading the way. 

Prices across the nation have taken a significant drop since the property market peaked in March, and experts are unpacking the economic implications.

Australian correspondent Murray Olds says the recent increases to the OCR are having a real impact on the housing market.

LISTEN ABOVE

New data shows Australia's house prices have taken a plunge, with Sydney and Melbourne leading the way.&nbsp;
Prices across the nation have taken a significant drop since the property market peaked in March, and experts are unpacking the economic implications.
Australian correspondent Murray Olds says the recent increases to the OCR are having a real impact on the housing market.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Murray Olds: Australian correspondent on Australian house prices dropping across the country

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