Kelvin Davidson: Corelogic Chief Property Economist on the downwards trend in the property market

Auckland looks to be leading the pack in the downwards property market.  CoreLogic's latest House Price Index reveals property prices have dipped 0.2% around the country in May.  Auckland dropped a notable 0.8% on the back of a 0.6% fall in April.  Chief Property Economist Kelvin Davidson says it's pretty striking to see our largest city having a weakness in prices.  He says Auckland has gone backwards in the past two months and that's something to keep an eye on.  LISTEN ABOVE See omnystudio.com/listener for privacy information.