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

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

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