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7 Nov 2025 19:56
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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
     07 Nov: The Government hopes changes to the screen production rebate will lure more Hollywood productions to Kiwi shores
     07 Nov: Power has been restored to the Far North but residents are being asked to continue to conserve power today
     07 Nov: Luxury retailer Faraday's will be opening a 30 million dollar development on Auckland's Queen Street
     07 Nov: Our largest electricity gentailer is welcoming two major announcements for the energy sector
     07 Nov: The country's largest electricity "gentailer" is welcoming changes to the Government's 200-million dollar co-investment in gas
     06 Nov: Labour Weekend - and weather - played a big role in consumer spending in October
     06 Nov: Air New Zealand's changing its pet travelling rules - restricting crate-size limits for smaller aircraft on regional routes
     Top Stories

    RUGBY RUGBY
    The All Blacks will wear a white strip against Scotland in Sunday's Grand Slam test at Murrayfield in Edinburgh More...

    BUSINESS BUSINESS
    The Government hopes changes to the screen production rebate will lure more Hollywood productions to Kiwi shores More...


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     Technology:
    An internet outage during NCEA exams yesterday means some students might turn to derived grades to counteract the disadvantage 17:27

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