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25 Feb 2026 8:34
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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
     25 Feb: Four years of war in Ukraine leaves Russia a 'spent force' with diminished influence, analyst says
     25 Feb: Government support for regional air routes is taking flight
     24 Feb: Mercury's achieved a strong return to profit
     24 Feb: Auckland's been crowned the region with the worst savers, according to Westpac data
     24 Feb: Mercury's putting a surge in revenue down to improved hydro-conditions - and lower operating costs
     24 Feb: Have you more than 500 dollars in savings?
     24 Feb: Scrapping business class could halve aviation emissions – new study
     Top Stories

    RUGBY RUGBY
    Scott Robertson will get an opportunity to coach against the Springboks this year More...

    BUSINESS BUSINESS
    Four years of war in Ukraine leaves Russia a 'spent force' with diminished influence, analyst says More...


     Today's News

    		 Rugby:
    Scott Robertson will get an opportunity to coach against the Springboks this year 8:27

     National:
    How Tourette’s causes involuntary outbursts – and what people with the condition want you to know 8:27

     Entertainment:
    Sam Levinson has donated $27,000 to a GoFundMe set up for Eric Dane's family 8:21

     Law and Order:
    New police powers to ‘move on’ rough sleepers only mask NZ’s deeper homelessness problem 8:17

     Living & Travel:
    Wellington's mayor is considering taking the city's bus lanes back to the drawing board 8:17

     National:
    ‘I am the enemy of death’: Gisèle Pelicot’s memoir is a remarkable tale of survival 8:07

     Rugby League:
    Former Warriors captain Steve Price has pooh-poohed talk the club has a problem holding onto players for their full contracts 8:07

     Business:
    Four years of war in Ukraine leaves Russia a 'spent force' with diminished influence, analyst says 7:57

     Politics:
    Two Labour stalwarts are at odds over the lack of transparency following the Moa Point failure 7:57

     Entertainment:
    Kimberly Van Der Beek has offered support to Rebecca Gayheart in the wake of their husband's deaths 7:51

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