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24 Nov 2024 4:12
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      Home > News > Business

    The latest CoreLogic Property Market and Economic Update indicates the market has peaked

    The latest CoreLogic Property Market and Economic Update indicates the market has peaked


    It shows both sales activity and price growth are set to ease further over the coming months.

    CoreLogic Chief Property Economist Kelvin Davidson, says when Auckland frees up a bit more, sales and prices could see a mini-bounce, although it should be short lived.

    He says the pace of growth in average property values has slowed from a quarterly rate of 8.1 percent in April to 4.8 percent by September

    Davidson says the slowdown is genuine, and has further to run.

    © 2024 Newstalk ZB, NZCity

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