Frances Cook

Until next time, have a great day.

This podcast can only give you general information about how things work in most situations.

It's not individual financial advice.

If you're after that, a financial advisor is always the best bet.

Hey team, it's Frances.

Well, there was a very interesting article recently on RNZ that showed some changes in our housing market.

We all know that things have been slowing down a little bit in property recently and values have been a bit lower.

What you might not realize is that those values aren't hitting evenly.

When you look at the types of properties,

that are going down in value.

It's 41% of apartments selling for less than their owners paid for them.

Now 18% of townhouses and 11% of houses selling for less than their owners paid for them.

So that's a pretty big difference and yet the devil is in the detail.

Do I think this tells us something about what types of properties people want to buy and sell?

Yes, definitely.

But it's a little deeper than what you might think at first glance of those numbers.

So what do you need to know and what can you do if you are in one of those houses?

Well, RNZ Nights with Emile Donovan asked me to come on and talk about it.

They very kindly said that I could share that again with you here.

So enjoy.