New data from REINZ showed the New Zealand housing market cooled in October.
Prices declined 2 percent nationally on a seasonally adjusted basis, in the first monthly reduction in house prices since April.
NZ Herald business editor at large Liam Dann says prospective buyers are feeling less optimistic as interest rates continue to soar.
LISTEN ABOVE

Enda Brady: UK correspondent on the additional calls for Sir Keir Starmer to resign
04:23

Paul Bloxham: HSBC Chief Economist ahead of Australia's 2026 federal budget
04:17

Jamie Mackay: The Country host on what the latest Rabobank agribusiness monthly report means for Kiwi farmers
04:46