24 May 2023

Property market pinch continues

From Morning Report, 7:40 am on 24 May 2023
A mans hand holds NZ dollar bills against a front of a traditional villa house in Auckland, New Zealand. Buy, sale, real estate, insurance, mortgage, bank loans and housing market concept.

Photo: 123RF

The property market pinch continues as numbers from the first quarter of this year show more houses are being sold at a loss.

6.1% of property resales have made a loss, up from 4% percent in the final three months of 2022.

CoreLogic's chief property economist Kelvin Davidson spoke to Guyon Espiner.