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28 Dec 2025 8:21
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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
     28 Dec: A modest performance for retailers this week - with shoppers braving the wild weather to score their holiday bargains
     28 Dec: Insurance providers are paying out more money and more frequently for New Zealanders travelling abroad
     27 Dec: A Lotto ticket bought at Green Bay New World in Auckland is now worth $5.5 million
     27 Dec: A lack of regulation in the cleaning industry has some contractors earning less than minimum wage
     27 Dec: Retailers are hoping for another sales surge - to keep this season's early momentum moving
     27 Dec: Auckland's public transport users will have one less option from today
     26 Dec: You may not be entitled to a refund if you change your mind this Boxing Day
     Top Stories

    RUGBY RUGBY
    To the darts world championships at London's Alexandra Palace, on Sky Sport.. More...

    BUSINESS BUSINESS
    A modest performance for retailers this week - with shoppers braving the wild weather to score their holiday bargains More...


     Today's News

    		 Law and Order:
    Police have been forced to break up an early morning brawl on Auckland's Karangahape Road 8:17

     International:
    Parents in China use AI technology to monitor children's homework 8:17

     Business:
    A modest performance for retailers this week - with shoppers braving the wild weather to score their holiday bargains 8:17

     Soccer:
    To Premier League football action, on Sky Sport.. 8:07

     Sailing:
    The leading contenders have now reached the coast of Tasmania in another dramatic Sydney to Hobart yacht race 7:57

     Entertainment:
    Cruz Beckham has claimed his brother Brooklyn has "blocked" their family on Instagram 7:50

     Environment:
    A 7.0 magnitude earthquake has hit off the coast of Taiwan 7:47

     International:
    The vibe shift is here and it's not what we expected 7:37

     Business:
    Insurance providers are paying out more money and more frequently for New Zealanders travelling abroad 7:37

     Entertainment:
    Wendell Pierce has apologised for "not being there" for the late James Ransone 7:20

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