One in eight Auckland homes on sale are at risk of selling for a loss or minimal profit, according to OneRoof data.

Since skyrocketing to a record high of $1.58 million, prices have fallen around 19 percent, while interest rates have jumped sharply.

OneRoof Editor Owen Vaughan tells Mike Hosking people are selling homes in a stress point due to high mortgage interest rates.

LISTEN ABOVE

One in eight Auckland homes on sale are at risk of selling for a loss or minimal profit, according to OneRoof data. 
Since skyrocketing to a record high of $1.58 million, prices have fallen around 19 percent, while interest rates have jumped sharply. 
OneRoof Editor Owen Vaughan tells Mike Hosking people are selling homes in a stress point due to high mortgage interest rates. 
LISTEN ABOVE

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, 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,...