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24 Jan 2026 17:42
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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 Jan: US copied Iran's Shahed drones — now they are deployed in the Middle East
     23 Jan: An expectation the official cash rate will be held steady as inflation is higher than expected
     23 Jan: Queensland crocodile capture rates double as removal zones expand
     23 Jan: Dairy farmers could be in an earlier-than-expected pay day
     23 Jan: We could see our interest rates rise sooner than we hoping for, after the latest increase in inflation
     23 Jan: Inflation's risen again - and is now back above the Reserve Bank's target range
     23 Jan: Digital ‘tokenisation’ is reshaping the global financial industry. Is NZ ready?
     Top Stories

    RUGBY RUGBY
    Test halfback Noah Hotham is hoping for an injury-free year after spending a large chunk of 20-25 on the sidelines More...

    BUSINESS BUSINESS
    US copied Iran's Shahed drones — now they are deployed in the Middle East More...


     Today's News

    		 Law and Order:
    Police have released the full list pf names of the six people unaccounted for following the landslide at the Mount Maunganui Campground on Thursday 17:26

     Lower South Island:
    Southland rider Josh Burnett has banked his third career win in cycling's Tour of Southland, finishing safely in the peloton to take the overall title by 10 seconds from Cambridge's Matthew Wilson 17:06

     International:
    Human remains found as New Zealand landslide search moves to recovery 16:56

     Rugby:
    Test halfback Noah Hotham is hoping for an injury-free year after spending a large chunk of 20-25 on the sidelines 16:27

     Rugby:
    Middle-distance runner Sam Tanner is targeting more history at Whanganui's Cooks Gardens tonight 16:17

     General:
    Indra Brown wins X-Games silver on debut ahead of 2026 Winter Olympic Games 16:06

     International:
    How much power does China really have in the Arctic amid Trump's Greenland claims? 15:46

     International:
    A generation of activists like Grace Oo are taking up arms against Myanmar's military 15:36

     Soccer:
    Auckland FC's Jake Brimmer believes the presence of their supporters - the Port - may be their lucky charm 15:26

     Tennis:
    The seeded American players are seemingly cruising through to the fourth round at the Australian tennis Open, early on day seven 14:56

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