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27 Apr 2024 11:55
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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.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     27 Apr: A popular yoghurt pouch with kiwi kids is being recalled over fears the products may contain black plastic
     27 Apr: Pressure's on the Government to deliver for people come Budget day
     26 Apr: Public sector cuts could be to blame for poor economic outlook
     26 Apr: Activity in the housing market is holding its own against the rising cost of borrowing
     26 Apr: The cruise-ship season success is being celebrated -- but there's concern next season could hit an iceberg
     25 Apr: Cheaper citrus fruit may be on the way for shoppers
     25 Apr: It's thought the cost-of-living crisis could bring a silver-lining to Kiwis student loans
     Top Stories

    RUGBY RUGBY
    The Chiefs are resigned to being without fullback Shaun Stevenson for at least a couple of weeks after he suffered a hamstring injury in the win over the Waratahs in Sydney More...

    BUSINESS BUSINESS
    A popular yoghurt pouch with kiwi kids is being recalled over fears the products may contain black plastic More...


     Today's News

    		 Rugby:
    The Chiefs are resigned to being without fullback Shaun Stevenson for at least a couple of weeks after he suffered a hamstring injury in the win over the Waratahs in Sydney 11:37

     Health & Safety:
    King Charles to resume public-facing duties, but cancer treatment to continue 11:27

     Soccer:
    Leicester City have secured automatic promotion back into the English Premier League 11:17

     Motoring:
    Audi F1 have their first driver as Nico Hülkenberg joins Sauber 11:17

     Golf:
    Danny Lee's one shot off the lead in a share of second after the opening round at the LIV golf event in Adelaide 11:07

     Rugby:
    Former England rugby captain Owen Farrell will play for a World XV team coached by former All Blacks coach Ian Foster in June 10:27

     Soccer:
    Dutchman Arne Slot is set to become Liverpool's next manager 10:07

     Technology:
    Why it's getting harder to tell AI-generated images from the real deal online 10:07

     Rugby League:
    The Punjab Kings have chased down a world record target in their Indian Premier League encounter against the Kolkata Knight Riders 9:27

     Accident and Emergency:
    At least 10 people have died and 11 are injured after a major fire at a guesthouse in Brazil's southern city of Porto Alegre 8:17

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