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8 Jul 2025 21:02
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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
     08 Jul: A business spokesperson says artificial intelligence will inevitably destroy jobs
     08 Jul: Moves to pump up New Zealand's AI options - could give businesses the confidence to use it
     08 Jul: Iwi-owned commercial entities have outperformed some of New Zealand's largest listed companies
     08 Jul: A focus shift in the red meat sector's yielded strong export revenue for another month
     07 Jul: The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects
     07 Jul: Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out
     07 Jul: The Government's expanding the its FamilyBoost scheme, with changes taking effect retrospectively from the start of this month
     Top Stories

    RUGBY RUGBY
    All Blacks assistant coach Scott Hansen has responded to TMO interference by laying a challenge at the foot of his team ahead of test two against France in Wellington on Saturday More...

    BUSINESS BUSINESS
    A business spokesperson says artificial intelligence will inevitably destroy jobs More...


     Today's News

    		 Entertainment:
    Lainey Wilson believes it is essential to "dedicate" days to her fiance 20:36

     Entertainment:
    Henry Cavill refused to give David Corenswet any advice about playing Superman 20:06

     Entertainment:
    Kelly Osbourne has hailed her father Ozzy Osbourne's final Black Sabbath concert one of the "most magical experiences" of her life 19:36

     International:
    Trump announces goods from Japan and South Korea face 25 per cent tariffs from August 1 19:07

     Entertainment:
    Brad Pitt's first attempt at method acting caused chaos thanks to his "diabolical" flatulence 19:06

     Law and Order:
    Five military-style semi-automatic weapons have been found stored in children's bedrooms - in a Napier home 18:57

     Rugby League:
    Tanah Boyd will debut for the Warriors at halfback, replacing Luke Metcalf in the NRL lineup to face the Wests Tigers at Mt Smart on Sunday 18:37

     Entertainment:
    Michael Douglas has "no real intentions" of acting again 18:36

     Education:
    Readers share their experiences on managing leave and school holidays 18:07

     Law and Order:
    A spate of vandalism in Auckland's Parnell 18:07

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