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7 Feb 2026 14:43
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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.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     07 Feb: Progress at Moa Point in the capital following the sewage leak on Wednesday
     07 Feb: Iran's mysterious Pickaxe Mountain a 'candidate' for new nuclear activities
     06 Feb: A property manager says the numbers of students looking for flats is lower than previous years
     06 Feb: More New Zealanders appear to be opting for a city-break this Waitangi weekend
     06 Feb: Why corporate America is mostly staying quiet as federal immigration agents show up at its doors
     06 Feb: Auckland's train network is shutting down again this weekend - only eight days after fully reopening for the new year
     05 Feb: A 53-year-old man's been arrested and charged in relation to a suspicious fire at a commercial premises on Oruanui Street in Taupo's CBD on Tuesday night
     Top Stories

    RUGBY RUGBY
    Black Ferns Sevens star Jorja Miller's joking she might pass more this weekend in Perth More...

    BUSINESS BUSINESS
    Progress at Moa Point in the capital following the sewage leak on Wednesday More...


     Today's News

    		 Entertainment:
    A pair of Hulk Hogan's match worn and signed boots are up for auction 14:31

     Golf:
    Two Japanese players top the leaderboard midway through the PGA golf Tour's Phoenix Open 14:27

     General:
    Winter Olympics 2026 quick guide: What to watch on Day 1, Saturday, February 7 14:17

     Entertainment:
    Diego Calva says Kate Moss became his personal PR at the Saint Laurent men's show 14:01

     Business:
    Progress at Moa Point in the capital following the sewage leak on Wednesday 13:47

     Entertainment:
    Harry Styles is restocking his sex toy days after announcing his new album 13:31

     Rugby:
    Black Ferns Sevens star Jorja Miller's joking she might pass more this weekend in Perth 13:27

     Soccer:
    The returning Sarpreet Singh is adamant the Phoenix can still surge into the A-League playoffs 13:27

     Law and Order:
    Nancy Guthrie may have been abducted in a 41-minute window, authorities say 13:27

     International:
    What is the AIN at the 2026 Milano Cortina Winter Olympics? Why Russian and Belarusian athletes are allowed to compete in Italy 13:07

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