House prices are down sharply and questions remain as to whether they will stay down.

ASB Bank predicts prices will eventually be lower by 40 percent once we adjust for inflation and 25 percent in cold cash terms.

They're now 14 percent below the peak last year and there are signs the rate of decline may be increasing.

ASB's Nick Tuffley joined Tim Dower.

LISTEN ABOVE

House prices are down sharply and questions remain as to whether they will stay down.
ASB Bank predicts prices will eventually be lower by 40 percent once we adjust for inflation and 25 percent in cold cash terms.
They're now 14 percent below the peak last year and there are signs the rate of decline may be increasing.
ASB's Nick Tuffley joined Tim Dower.
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.