What Australia Can Learn From New Zealand's Property Downturn

The Aussie property market is slowing, and most of us are wondering what happens next. New Zealand's already been through this same cycle, so we've had a real preview of how it plays out. They hiked rates before us. Their property fell before ours. Almost five years on, prices are still 15% below peak. Today Nick takes us through what actually happened across the ditch and what it means for anyone thinking about buying or already holding property here.