National house prices have fallen in the past year
National house prices have fallen in the past year
15 October 2024
Real Estate Institute figures show the national median fell 2.3 percent, to 781-thousand dollars.
But half of the regions experienced a median increase.
OneRoof editor, Owen Vaughan, says interest rates have come down, but it hasn't translated into a lift in house prices.
He says the general weak state of the economy is weighing down the market - with jobs being shed.
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