The property market is continuing to cool after steep growth.

Property prices across the country fell an average of 4.1 percent in the last quarter.

CoreLogic Head of Research Nick Goodall says it's the fastest drop since the financial crisis of 2008

He says some regions are seeing bigger falls than others.

Goodall says Wellington's houses have seen a 8.5 percent fall, while Dunedin's have fallen five percent.

LISTEN ABOVE

The property market is continuing to cool after steep growth.
Property prices across the country fell an average of 4.1 percent in the last quarter.
CoreLogic Head of Research Nick Goodall says it's the fastest drop since the financial crisis of 2008
He says some regions are seeing bigger falls than others.
Goodall says Wellington's houses have seen a 8.5 percent fall, while Dunedin's have fallen five percent.
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.