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17 Jan 2026 9:22
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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
     16 Jan: Kiwis are feeling the pinch more at the checkout - than they are at the pump
     16 Jan: Good news for our manufacturing sector
     16 Jan: ???1;The construction sector's feeling optimistic, despite weak demand
     15 Jan: Signs of recovery in at least parts of the retail sector
     15 Jan: Potential for a dairy price recovery
     15 Jan: Fonterra's boss says farmers are used to volatility in prices and payouts
     15 Jan: Many retailers seem to be treading water, as consumers anxious about job security hold off on the nice-to-haves
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    BUSINESS BUSINESS
    Kiwis are feeling the pinch more at the checkout - than they are at the pump More...


     Today's News

    		 Soccer:
    Auckland FC coach Steve Corica has been left somewhat dissatisfied by the referee's explanation over a penalty decision against his side in a 2-1 A-League defeat to Melbourne City 9:16

     Rugby League:
    Nelson Asofa-Solomona has made an explosive professional boxing debut against ex-rugby league journeyman Jeremy Latimore 9:06

     Entertainment:
    Nikki Glaser cut a joke about Brad Pitt from her Golden Globes performance 8:53

     Entertainment:
    Matthew McConaughey believes a successful marriage requires "maintenance" 8:23

     Cricket:
    Steve Smith and former Australian teammate David Warner have traded centuries in the Australian Big Bash, but it's Smith's Sixers who have taken a five wicket win in the Sydney derby 8:16

     Soccer:
    League leaders Auckland FC have dropped points for the first time after scoring the opening goal in an A-League match 8:06

     Entertainment:
    Michael B. Jordan's mother has grown "used" to women lusting after him 7:53

     Environment:
    A number of black - do not swim - flags have been issued for Auckland beaches 7:47

     Cricket:
    The Central Stags have beaten the visiting Auckland Aces by 10 runs in the T20 Super Smash in Napier 7:46

     International:
    Today in History, January 17: When Lance Armstrong finally admitted to Oprah he doped his way to seven Tour de France titles 7:36

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