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23 Jan 2026 19:53
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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
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     23 Jan: Dairy farmers could be in an earlier-than-expected pay day
     23 Jan: The latest rise in inflation may be unexpected - but many will have felt its impact
     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?
     23 Jan: New Zealand's tourism rebound continues to gain pace
     Top Stories

    RUGBY RUGBY
    All Blacks prop Tamaiti Williams denies player power was behind the early exit of coach Scott Robertson More...

    BUSINESS BUSINESS
    An expectation the official cash rate will be held steady as inflation is higher than expected More...


     Today's News

    		 Business:
    An expectation the official cash rate will be held steady as inflation is higher than expected 18:57

     Politics:
    Gloriavale's condemned private school is remaining open for the time being 18:37

     Environment:
    What is a landslide, how do they happen and where are they most common? 18:17

     Rugby:
    All Blacks prop Tamaiti Williams denies player power was behind the early exit of coach Scott Robertson 18:07

     Soccer:
    To football, and South Island United have claimed their first win in the Oceania Pro League 18:07

     Law and Order:
    Police want to hear from anyone who may have seen a 62-year-old man reported missing from the Invercargill area - last seen two weeks ago 17:27

     Tennis:
    Belarusian world number one Aryna Sabalenka's led the charge into the fourth round at the Australian Open 17:07

     Environment:
    Heavy rain is still causing disruption in parts of the North Island 16:57

     Rugby:
    All Blacks prop Tamaiti Williams has dismissed any suggestions of player power being behind the early exit of New Zealand head coach Scott Robertson 16:17

     International:
    Donald Trump is obsessed with Greenland, but now his comments point to the 'entire Arctic' 16:07

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