House prices are beginning to drop.

The QV House Price index showed a decrease of 0.9% nationally in the three months to the end of June, which remains 2.6% higher than last year’s figure.

Auckland prices saw a 2.6% decrease, but South Island prices are remaining strong overall. 

QV Operations Manager James Wilson told Andrew Dickens that it's a case of the main urban areas pulling the nationwide overall value down.

He said that it represents the mindset that they’ve seen for a while now of caution.

LISTEN ABOVE

House prices are beginning to drop. 
The QV House Price index showed a decrease of 0.9% nationally in the three months to the end of June, which remains 2.6% higher than last year’s figure. 
Auckland prices saw a 2.6% decrease, but South Island prices are remaining strong overall.  
QV Operations Manager James Wilson told Andrew Dickens that it's a case of the main urban areas pulling the nationwide overall value down. 
He said that it represents the mindset that they’ve seen for a while now of caution. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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James Wilson: QV Operations Manager on the drop in house prices in the three months to the end of June

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/16bc8eb5-0209-44df-b577-b1a701699b9a/transcript