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18 Dec 2025 6:51
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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
     17 Dec: Horticulture NZ's emphasising the importance of backing growers - as exports climb to record levels
     17 Dec: More than a 100-thousand dollars in fines - for Waikato farms convicted of mismanaging effluent
     17 Dec: Households are expected to remain optimistic heading into 2026
     17 Dec: Consumer confidence has hit a high for the year, as we head into a New Year
     17 Dec: FIFA has introduced a new ticketing tier for next year's World Cup, following an uproar over the prices to attend games
     16 Dec: The Finance Minister's ruling out further cuts to new borrowing next year to get the Government books back to black
     16 Dec: Cocaine use continues to soar in New Zealand
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    Blues coach Vern Cotter is intrigued by the idea of cross-hemisphere rugby clubs swapping players More...

    BUSINESS BUSINESS
    Horticulture NZ's emphasising the importance of backing growers - as exports climb to record levels More...


     Today's News

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     Law and Order:
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     Christchurch:
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    Charlotte Church "generally stinks" 19:50

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