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17 Sep 2025 21:57
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      Home > News > Business

    The residential property downturn's effects are beginning to snowball

    The residential property downturn's effects are beginning to snowball


    The latest QV Quartile Index shows the mean average home value dropped one percent loss this quarter.

    QV general manager David Nagel says it's also the first time since the end of the 2020 nationwide lockdown... the upper quartile has recorded no value growth.

    He's putting it down to rapidly rising interest rates, affordability constraints and significantly tightened lending criteria.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     17 Sep: A warning from a Government watchdog - for councils to manage their finances carefully
     17 Sep: New Zealand's current account deficit has narrowed to its smallest point in four years
     17 Sep: Potential traces of salmonella has forced a recall of 'Deep' brand's Green Garlic
     17 Sep: Primary school teachers are demanding more resourcing and support, as they prepare to strike
     17 Sep: Dairy prices have fallen another 0.8 percent at this morning's Global Dairy Trade auction
     16 Sep: ???1;Falling interest rates are yet to flow through to the housing market
     16 Sep: Otago has emerged as the most expensive region in New Zealand, for renters
     Top Stories

    RUGBY RUGBY
    The Black Ferns are under no illusions of what lies ahead with Canada standing between them and a spot in the Rugby World Cup final More...

    BUSINESS BUSINESS
    A warning from a Government watchdog - for councils to manage their finances carefully More...


     Today's News

    		 Entertainment:
    Paris Hilton has a room in her home dedicated to housing her collection of 10,000 sunglasses 21:31

     International:
    Hasan Piker opens up on Charlie Kirk's death, Donald Trump and Elon Musk's campaign against him 21:27

     Rugby:
    The Black Ferns are under no illusions of what lies ahead with Canada standing between them and a spot in the Rugby World Cup final 21:17

     Entertainment:
    Meg Stalter shunned the formal dress code and wore jeans to the Primetime Emmy Awards on Sunday (14.09.25) 21:01

     Entertainment:
    Neil Young made a dash to hospital after his show in California over the weekend due to an "unexpected health emergency in the family" 20:31

     Entertainment:
    Mark Ronson has recalled the bizarre night he spent in Michael Jackson's hotel room when he was 13 20:01

     Entertainment:
    Hacks is ending with season five 19:31

     Environment:
    Firefighters are continuing to fight one large scrub fire in Canterbury, fuelled by strong winds and forestry slash 19:07

     International:
    What time does Gout Gout run at World Athletics Championships? How to watch Gout Gout's 200m heat 19:07

     Entertainment:
    Reba McEntire and Rex Linn are engaged 19:01

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