Owen Vaughan: One Roof Editor on the big changes in the property market

Big changes in the property market. The average value has fallen below the million dollar mark for the first time since August 2021. One Roof Editor Owen Vaughan told Tim Dower that there's been a complete turnaround with price declines of up to 20 percent in the last 12 months. He says the biggest driver of the earlier prices rises was low interest rates and the drop is the result of the steady rise in rates. LISTEN ABOVE  See omnystudio.com/listener for privacy information.