News | Business
5 Jul 2022 11:34
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     05 Jul: Business confidence has dropped to its weakest level since March 2020
     05 Jul: Credit demand is softening, as interest rates increase
     05 Jul: The number of people wanting to borrow money is expected to keep falling
     05 Jul: A lack of consumer confidence is taking a bite out of demand for credit
     05 Jul: Salaries are rising in many parts of the country, as the cost of most things continue to increase
     04 Jul: A surprise housing market stat ... should be taken with a pinch of salt
     04 Jul: A modest increase no one saw coming
     Top Stories

    RUGBY RUGBY
    Hamilton's Waikato Stadium and Auckland's North Harbour Stadium have been announced as host cities for the first play-off tournament at the women's World Cup next year More...


    BUSINESS BUSINESS
    Business confidence has dropped to its weakest level since March 2020 More...



     Today's News

    Business:
    Business confidence has dropped to its weakest level since March 2020 11:19

    Law and Order:
    A group of people, reportedly gang members, have been seen fighting with weapons this morning on Te Heuheu Street in Taupo 11:09

    Entertainment:
    Cardi B is determined to confront her fears 11:08

    Law and Order:
    A relative of a murdered five-year-old says she had fears about his welfare before his death 10:59

    Entertainment:
    Iggy Azalea refuses to let social media dictate her life 10:38

    Business:
    Credit demand is softening, as interest rates increase 10:09

    Entertainment:
    Jamie Campbell Bower felt "in charge" playing Vecna in 'Stranger Things' 10:08

    International:
    The Loop: Six killed in July 4 shooting, interest rates on the rise, Kyrgios reaches Wimbledon quarter-finals 9:59

    Entertainment:
    Lindsay Lohan has married Bader Shammas 9:38

    Business:
    The number of people wanting to borrow money is expected to keep falling 9:29


     News Search






    Power Search


    © 2022 New Zealand City Ltd