High interest rates are smashing New Zealand house prices. House prices have continued to fall through May and are now off around 6 percent since their peak in November last year according to REINZ figures. Annual house price growth has since slowed to just below 4 percent. NZ Herald Wellington Business Editor Jenee Tibshraeny joined Heather du Plessis-Allan. LISTEN ABOVE

Source: New Zealand Herald June 15, 2022 22:57 UTC