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16 Feb 2025 18:39
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  •   Home > News > Business

    An expectation a turnaround in the property market is on the horizon

    An expectation a turnaround in the property market is on the horizon


    CoreLogic NZ's latest data shows property values have fallen nationally by nearly 18 percent from their post-COVID peak.

    In December, the national figure edged down by another 0.2 percent - the ninth fall in the past 10 months.

    Chief Property Economist Kelvin Davidson says lower mortgage rates will likely boost sales volumes and property values soon.

    He says there won't be a fresh boom in house prices, but more modest increases.

    © 2025 Newstalk ZB, NZCity

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     14 Feb: Weighing up first home buyers' incentives and if they're right for you
     14 Feb: Confirmation, Kinleith Mill at Tokoroa will permanently end paper production from June
     14 Feb: Each of us is forecast - on average - to be nearly 13-thousand dollars out of pocket, thanks to the current recession
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     Top Stories

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    New Zealand Rugby CEO Mark Robinson believes Joe Schmidt won't be lost to Australian rugby when he steps down as head coach at the end of the Rugby Championship More...


    BUSINESS BUSINESS
    Resale conditions are improving in New Zealand's property market More...



     Today's News

    Accident and Emergency:
    One person has serious injuries after a crash which has closed State Highway 2 at Tutira in Hawke's Bay 18:36

    Rugby:
    New Zealand Rugby CEO Mark Robinson believes Joe Schmidt won't be lost to Australian rugby when he steps down as head coach at the end of the Rugby Championship 18:06

    Environment:
    A temporary relief station is now operating for people affected by a fire on the third floor of a multi-storey building in Wellington's Willis Street 17:46

    Soccer:
    Wellington Phoenix women's coach Paul Temple believes winning tonight's A-League clash against the Glory in Perth is vital for their play-off hopes 17:46

    Rugby League:
    Warriors co-captain James Fisher-Harris believes the All-Stars teams should always be at full strength 17:36

    Cricket:
    Former Black Caps coach Mike Hesson believes the openers are a point of contention in New Zealand's ODI side heading into the Champions Trophy this week 16:56

    Politics:
    School bullying inquiry hears Catholic Education Tasmania denies leadership roles to staff based on sexual orientation and relationship status 16:46

    Law and Order:
    Labour's Leader has labelled anti-LGBTQ protests 'pathetic' 16:26

    Cricket:
    Taranaki has enjoyed its first successful defence of cricket's Hawke Cup since 1995 16:06

    Wellington:
    Firefighters are working to clear a block of flats in Wellington's Aro Valley of smoke - after a fire broke out in one of the apartments 15:46


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