Stress cracks widen at top end of real estate market
The adage ‘the bigger they are, the harder they fall’ is becoming a common refrain in current housing market.
Downturn in larger home sales.
Brent Melville
Thu, 13 Jun 2024
Real estate lost some of its recent buoyancy through the past quarter, particularly on the bigger side of town.
CoreLogic said 221 suburbs, or almost a quarter of the 938 that the firm monitored, had seen property value declines of at least 1% during the June quarter.
Data from the analytics firm
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Brent Melville
Thu, 13 Jun 2024
Contact the Writer: bmelville@nbr.co.nz
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