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7 Jul 2025 9:59
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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
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
     05 Jul: The Toyota's RAV4's held it's top spot as the favourite passenger car - in a standout month for vehicle sales
     05 Jul: A surge in new car sales - on the back of a tough couple of years for the market
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     05 Jul: AI could soon be worth billions of dollars a year to New Zealand
     04 Jul: Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs
     04 Jul: Bad weather in the Tasman District has negatively affected spending - but also brought a a spike in sales of particular items
     Top Stories

    RUGBY RUGBY
    A fuel saving two-stop gamble has paid off for Scott Dixon More...

    BUSINESS BUSINESS
    Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland More...


     Today's News

    		 Entertainment:
    Keanu Reeves is thrilled to be fronting another Formula 1 docuseries - after he bagged an Emmy for a recent show on the motor racing event 9:36

     Law and Order:
    In Australia...Jurors will resume deliberations today in the mushroom trial after a Sunday break 9:27

     Entertainment:
    Raye finds "toxic" people "addictive" 9:06

     Living & Travel:
    Investigations are ongoing, after a Queensland woman lost her arm in a lion attack, at a local zoo 8:57

     Entertainment:
    Lily Allen "can't remember" how many abortions she's had 8:36

     Motoring:
    A fuel saving two-stop gamble has paid off for Scott Dixon 8:27

     Motorsports:
    To the latest Indy Car race in Ohio 8:07

     Entertainment:
    Kesha found her sudden rise to stardom to be "terrifying" 8:06

     Politics:
    A law expert says the court system is fixed by understanding facts - not mandatory sentences  7:57

     Education:
    Belief limited education pathways are contributing to a rise in unenrolled students 7:37

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