House prices: What you need to know
Explainer - House prices are continuing to drop at the same time interest rates are climbing - but what does that mean for sellers and buyers?
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Explainer - House prices are continuing to drop at the same time interest rates are climbing - but what does that mean for sellers and buyers?
Scoop Community provides New Zealand Community news and views
Nelson moteliers feel "blindsided" after receiving significant increases in their commercial rates. Greens Motel owner Phil Neal said he was "devastated" after seeing his commercial rates increase by 52.44 per cent.
Some home buyers are already experiencing negative equity in their home as market prices continue to decline.
Figures from realestate.co.nz show auction listings have fallen by more than a third on a year ago, while listings with displayed prices have jumped by close to a quarter.