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29 Nov 2025 13:46
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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
     29 Nov: Changes to regional councils could create debate about what to do with the assets they own
     29 Nov: A global shortage of beef could be playing a key role in skyrocketing domestic mince prices
     29 Nov: Research could be the key for shoppers who actually want to get a deal this Black Friday weekend
     28 Nov: Retailers are feeling positive heading into the holiday season, as Kiwis across the country, spend more
     28 Nov: Farmers are turning out more milk with fewer cows
     28 Nov: It's thought next year could bring some heat back to the housing market
     28 Nov: Cybersecurity experts warn Kiwis not to get caught up in Black Friday madness
     Top Stories

    RUGBY RUGBY
    Ryan Papenhuyzen and Zac Lomax are free to return to rugby league's NRL after rebel rugby union competition R360 pushed back their planned launch by two years - until 2028 More...

    BUSINESS BUSINESS
    Changes to regional councils could create debate about what to do with the assets they own More...


     Today's News

    		 Entertainment:
    Clive Owen thinks actors should not chase top roles to get their big break 13:38

     Christchurch:
    A person's died, after being pulled unresponsive from the water in Canterbury's Glenbrook 13:26

     Entertainment:
    Eva Longoria says becoming a mom at 43 was "perfect timing" 13:08

     Business:
    Changes to regional councils could create debate about what to do with the assets they own 13:07

     Living & Travel:
    Some Jetstar flights grounded due to global recall of Airbus A320 planes 13:07

     Rugby:
    Ryan Papenhuyzen and Zac Lomax are free to return to rugby league's NRL after rebel rugby union competition R360 pushed back their planned launch by two years - until 2028 13:07

     Basketball:
    A glass half full mindset for the Tall Blacks basketballers after letting a chance slip for a rare victory over their Australian counterparts 13:07

     Politics:
    Imran Khan's son and political allies concerned about his health amid block on prison visits 13:07

     Entertainment:
    Donald Glover has revealed he suffered a stroke last year 12:38

     Business:
    A global shortage of beef could be playing a key role in skyrocketing domestic mince prices 12:26

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