The property market is continuing to cool after steep growth.
Property prices across the country fell an average of 4.1 percent in the last quarter.
CoreLogic Head of Research Nick Goodall says it's the fastest drop since the financial crisis of 2008
He says some regions are seeing bigger falls than others.
Goodall says Wellington's houses have seen a 8.5 percent fall, while Dunedin's have fallen five percent.
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