News | Business
7 Dec 2024 8:24
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Home prices are continuing to fall, while rental prices are back on the rise

    Home prices are continuing to fall, while rental prices are back on the rise


    That's according to new figures just released by the Real Estate Institute and Trade Me.

    The median home price is down 0.7 percent to 795-thousand dollars -- prices down 4.3 percent in Auckland, up 0.6 percent in Wellington, and up 2.9 percent in Canterbury.

    The national median weekly rent is up 2.4 percent to 635-dollars -- rents unchanged in Auckland and Wellington, and up 1.8 percent in Canterbury.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     06 Dec: One electricity company wants big gentailers to split their generation and retail arms - at a time of power shortages and price hikes
     06 Dec: The Prime Minister's still hopes to bring billions to the country from multi-trillion dollar investment firm Blackrock -- despite its swift dumping of a Kiwi green energy company
     06 Dec: Funding research for economic return sounds good – but that’s not how science really works
     06 Dec: Calls from the Prime Minister, for us to rethink how we think about foreign investment
     05 Dec: Young people's reliance on the bank of mum and dad could impact their parents' retirement
     05 Dec: A battle over plans for a luxury lodge near Wanaka has reached the end of the road
     05 Dec: Further signs of a slowdown in construction, and a reduction in sheep farming
     Top Stories

    RUGBY RUGBY
    Jordie Barrett's European club rugby debut will come off the bench More...


    BUSINESS BUSINESS
    One electricity company wants big gentailers to split their generation and retail arms - at a time of power shortages and price hikes More...



     Today's News

    Motorsports:
    Liam Lawson's been 12th fastest in practice one, and then 11th fastest in practice two for Formula One's season-ending Abu Dhabi Grand Prix 8:17

    Entertainment:
    Amy Adams remembers "closet crying" as she adjusted to life as a new mother 8:14

    Politics:
    How Elon Musk's relationship with China could shield Tesla from a Trump trade war 8:07

    Environment:
    Fire crews are working against time to control a major fire in Canterbury foot-hill 8:07

    Soccer:
    Another gong for the overflowing trophy cabinet of football star Lionel Messi 7:56

    Cricket:
    Mitchell Starc's achieved a rare feat for the third time on day one of the second cricket test against India in Adelaide 7:47

    Entertainment:
    Jude Law's wife forgot he was attractive after he had to grow a beard and moustache 7:44

    Living & Travel:
    A technical issue forced a flight from Doha to Auckland to be diverted to the Maldives instead 7:37

    Rugby:
    Jordie Barrett's European club rugby debut will come off the bench 7:27

    Politics:
    The Children's Minister says what boot camp participates do with their experience is up to them 7:17


     News Search






    Power Search


    © 2024 New Zealand City Ltd