Owen Vaughan: OneRoof Editor on Auckland homes at risk of selling for a loss following price fall since boom period

One in eight Auckland homes on sale are at risk of selling for a loss or minimal profit, according to OneRoof data.  Since skyrocketing to a record high of $1.58 million, prices have fallen around 19 percent, while interest rates have jumped sharply.  OneRoof Editor Owen Vaughan tells Mike Hosking people are selling homes in a stress point due to high mortgage interest rates.  LISTEN ABOVE See omnystudio.com/listener for privacy information.