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5 Dec 2024 7:57
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      Home > News > Business

    The first step on the property ladder keeps getting harder for first home buyers

    The first step on the property ladder keeps getting harder for first home buyers


    The latest QV Index shows major price hikes in first home values in the cheapest parts of the country - including a 72 percent lift in the Ruapehu district over the past year.

    Palmerston North, Napier and the Hutt City have also jumped 30 percent or more.

    General Manager of QV David Nagel says it's down to supply and demand.

    He says everyone is snapping up affordable houses while they still can.

    © 2024 Newstalk ZB, NZCity

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     04 Dec: New modelling shows how Trump’s trade tariffs will hurt – and help – New Zealand
     04 Dec: The Titans have denied a release request from the management of club rookie of the year Josiah Pahulu to join the Bulldogs in the NRL
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    A blow for the All Blacks Sevens side ahead of their second tournament of the new World Series campaign at Cape Town More...

    BUSINESS BUSINESS
    Trademarks that will never be used can be ‘bad faith’ business – a UK case has lessons for NZ and Australia More...


     Today's News

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     Law and Order:
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    A guess at a phone code, from one million possible combinations, ultimately filled in the blanks of real estate agent Yanfei Bao's death 7:17

     Rugby:
    A blow for the All Blacks Sevens side ahead of their second tournament of the new World Series campaign at Cape Town 7:17

     Entertainment:
    Tom Ford is raising his son Jack in London because he wants him to learn "old fashioned manners" 7:14

     Entertainment:
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     Law and Order:
    Tokoroa residents are being visited by Police in their homes, in an attempt to gather information about the mysterious death of Shane Edwards 6:27

     Entertainment:
    Jade Thirlwall has called for an age limit to be brought in for pop stars 6:14

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