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24 Feb 2026 8:39
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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
     24 Feb: The Finance Minister says there's no mandate to reduce the state's shareholding in Genesis Energy
     24 Feb: More readily available electricity could be critical with demand expected to soar in the years ahead
     23 Feb: People appear to have regained confidence it's okay to shop
     23 Feb: Wallets appear to opening again - across the country
     23 Feb: Energy watchdog to force retailers to offer struggling customers help in overhaul
     23 Feb: A boost for the retail sector, as sales increase across the country
     23 Feb: Satellite imaging is now vital for disaster management. But there are dangerous gaps in our systems
     Top Stories

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    Early positive signs for young Highlanders' loose forward Lucas Casey More...

    BUSINESS BUSINESS
    The Finance Minister says there's no mandate to reduce the state's shareholding in Genesis Energy More...


     Today's News

    		 Entertainment:
    Katie Price is in talks for a new musical about her life 8:21

     Law and Order:
    Police aren't ruling out further arrests - after charging a man in relation to an aggravated robbery in New Lynn 8:17

     Cricket:
    To T20 World Cup cricket super eight action on Sky Sport.. 8:07

     Rugby League:
    To persuasive scenes at NRL league's judiciary involving bush lawyer and Panthers coach Ivan Cleary.. 8:07

     International:
    Trump's dispute with Denmark over Greenland 'far from over', warns intelligence expert 7:57

     Business:
    The Finance Minister says there's no mandate to reduce the state's shareholding in Genesis Energy 7:57

     Entertainment:
    Johnny Depp helped ease Eric Dane's financial worries in the months leading up to his death 7:51

     Law and Order:
    A North Canterbury woman's described watching a man shoot her friend to death in her living room 7:47

     International:
    What is the difference between a homebirth and a freebirth? 7:37

     Basketball:
    To the ANBL basketball awards.. 7:37

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