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25 Nov 2024 5:02
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      Home > News > Business

    The first step on the property ladder keeps getting harder for first home buyers

    The first step on the property ladder keeps getting harder for first home buyers


    The latest QV Index shows major price hikes in first home values in the cheapest parts of the country - including a 72 percent lift in the Ruapehu district over the past year.

    Palmerston North, Napier and the Hutt City have also jumped 30 percent or more.

    General Manager of QV David Nagel says it's down to supply and demand.

    He says everyone is snapping up affordable houses while they still can.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    All Blacks coach Scott Robertson is lamenting the stop-start nature of his side's 29-11 win over Italy in Turin More...

    BUSINESS BUSINESS
    From a US$300 billion climate finance deal to global carbon trading, here’s what was – and wasn’t – achieved at the COP29 climate talks More...


     Today's News

    		 Law and Order:
    Images of a police officer wearing a gang patch have emerged only days after the new ban's come into force 4:56

     Environment:
    There's a risk about 40 pilot whales that stranded on Northland's Ruakaka Beach, could end up in the same position again 4:46

     Law and Order:
    Police are asking people to check their properties for any sign of an elderly man and his dog, missing near Otaki, north of Wellington 21:56

     Rugby:
    All Blacks coach Scott Robertson is lamenting the stop-start nature of his side's 29-11 win over Italy in Turin 21:16

     Motoring:
    F1 Las Vegas Grand Prix: Max Verstappen wins his fourth Formula 1 world championship 20:56

     Law and Order:
    The Corrections Minister says he's disappointed one participant in the boot camp trial, was allegedly reoffending less than a month after leaving 18:56

     Soccer:
    The Wellington Phoenix have moved to the top of the table after a 1-nil win over the Melbourne Victory in their A-League game in Sydney 18:36

     Business:
    From a US$300 billion climate finance deal to global carbon trading, here’s what was – and wasn’t – achieved at the COP29 climate talks 18:07

     Rugby League:
    Auckland FC are embracing the underdog tag as they head into their first A-League game in Australia against Macarthur this afternoon 16:56

     Law and Order:
    An online predator's been sentenced to seven years in prison, after over a decade of offending 16:17

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