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1 Jul 2022 20:22
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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: An extra 30-dollars in the pocket this September for Auckland electricity account holders
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     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

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    Motoring:
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    Entertainment:
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    Law and Order:
    A 20-year-old man's been arrested in relation to a Whakatane hit and run 18:39

    Entertainment:
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    International:
    'Cryptoqueen' accused of $US4 billion OneCoin fraud added to FBI's most-wanted list 18:09

    Law and Order:
    A former Dilworth associate housemaster who was involved in the Auckland school's Scouts group has been sentenced to prison for sexual abuse of students in the 1980s and 1990s 18:09

    Entertainment:
    Meghan, Duchess of Sussex, has again asked for a lawsuit brought against her by her half-sister be dismissed 17:51

    Auckland:
    Auckland paramedics have rushed a person to hospital with serious injuries after an altercation in Henderson 17:39


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