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26 Dec 2025 8:26
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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
     26 Dec: The Prime Minister describes tariffs as the toughest part of 2025
     26 Dec: Retailers have their last push of the year - as Kiwis hit the shops for Boxing Day sales
     25 Dec: The Commerce Commission's yet to decide if fuel companies NPD and Gull can join forces
     25 Dec: Whitney Hansen will mix business with relaxation over the Christmas break
     25 Dec: US and Ukraine reach consensus on key issues to end war with Russia but territorial disputes remain
     24 Dec: Disappointment for retailers this Christmas Eve - as shoppers appear to be feeling the pinch
     24 Dec: Purse strings appear to be tight this Christmas Eve - as last minute-shoppers hit the stores
     Top Stories

    RUGBY RUGBY
    Crusaders coach Rob Penney's revealed what's on his 'Dear Santa' wish list as he plots their Super Rugby title defence in 2026 More...

    BUSINESS BUSINESS
    The Prime Minister describes tariffs as the toughest part of 2025 More...


     Today's News

    		 Entertainment:
    Pete Davidson and his girlfriend Elsie Hewitt have welcomed a baby girl into the world 8:20

     Boxing:
    Delight for Australian cricketer Scott Boland to have another opportunity to impress in a Boxing Day Ashes test at his beloved home ground 8:17

     Law and Order:
    Turkish counter-terrorism police have detained more than than 100 suspected members of the Islamic State group, allegedly planning Christmas and New Year's attacks 8:16

     Environment:
    More than 2100 people have reported being rattled by a magnitude 4.7 earthquake in the lower North Island, about quarter past 7 8:07

     Business:
    The Prime Minister describes tariffs as the toughest part of 2025 7:56

     Entertainment:
    Justin Bieber surprised his fans by covering Eminem's big hit Forgot About Dre on a recent Twitch livestream 7:50

     Boxing:
    Australia will wait until the toss at midday to confirm the final spots in their playing 11 for the Boxing Day cricket test against England 7:47

     International:
    Today in History, December 26: Babe Ruth is sold to the Yankees to start the 'Curse of the Bambino' 7:37

     Business:
    Retailers have their last push of the year - as Kiwis hit the shops for Boxing Day sales 7:26

     Living & Travel:
    Busy times at SPCA sites across the country, as pet adoptions lag 7:26

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