James Wilson: QV Operations Manager on the drop in house prices in the three months to the end of June

House prices are beginning to drop.  The QV House Price index showed a decrease of 0.9% nationally in the three months to the end of June, which remains 2.6% higher than last year’s figure.  Auckland prices saw a 2.6% decrease, but South Island prices are remaining strong overall.   QV Operations Manager James Wilson told Andrew Dickens that it's a case of the main urban areas pulling the nationwide overall value down.  He said that it represents the mindset that they’ve seen for a while now of caution.  LISTEN ABOVE See omnystudio.com/listener for privacy information.