Podcasts Other The Mike Hosking Breakfast Owen Vaughan: OneRoof Editor on Auckland homes at risk of selling for a loss following price fall since boom period

Owen Vaughan: OneRoof Editor on Auckland homes at risk of selling for a loss following price fall since boom period

Published: May 12, 2024, 9:03 p.m.

One in eight Auckland homes on sale are at risk of selling for a loss or minimal profit, according to OneRoof data.\xa0

Since skyrocketing to a record high of $1.58 million, prices have fallen around 19 percent, while interest rates have jumped sharply.\xa0

OneRoof Editor Owen Vaughan tells Mike Hosking people are selling homes in a stress point due to high mortgage interest rates.\xa0

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