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2 Jul 2022 2:49
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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.

    © 2022 Newstalk ZB, NZCity

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     30 Jun: A South Island farmer says sectors only advance by bringing in changes - that are ideally better
     30 Jun: An extra 30-dollars in the pocket this September for Auckland electricity account holders
     30 Jun: A matter of time before small businesses further contribute to inflation
     29 Jun: NZME is celebrating... as it reaches 100 thousand paid digital subscriptions for the Herald Premium Service
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     Today's News

    Entertainment:
    Kid Cudi is praying for Travis Barker amid the drummer's apparent pancreatitis diagnosis 21:51

    Motoring:
    A person has died after being hit by a truck on State Highway One, near Hunterville this evening 21:49

    Entertainment:
    JK Rowling has been defended by Warner Bros after a question about her was blocked at a 'Harry Potter' event 21:21

    Rugby League:
    Ronald Volkman has only visited New Zealand a couple of of times, but he feels fully immersed thanks to his Warriors teammates 21:19

    Politics:
    China Daily editorial slams Anthony Albanese over Ukraine war comments hinting at Taiwan 21:09

    Entertainment:
    Winona Ryder "wasn't taking care" of herself after she split from Johnny Depp 20:51

    Entertainment:
    Baz Luhrmann is turning 'Australia' into a six-part series 20:21

    Entertainment:
    NeNe Leakes is in talks with Andy Cohen and Bravo to potentially settle her discrimination lawsuit 19:51

    Entertainment:
    Lamar Odom would love to rekindle his romance with Taraji P. Henson 19:21

    Motoring:
    a serious crash on State Highway One, south of Hunterville 18:59


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