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31 Aug 2025 14:49
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  •   Home > News > Business

    Home prices are continuing to fall, while rental prices are back on the rise

    Home prices are continuing to fall, while rental prices are back on the rise


    That's according to new figures just released by the Real Estate Institute and Trade Me.

    The median home price is down 0.7 percent to 795-thousand dollars -- prices down 4.3 percent in Auckland, up 0.6 percent in Wellington, and up 2.9 percent in Canterbury.

    The national median weekly rent is up 2.4 percent to 635-dollars -- rents unchanged in Auckland and Wellington, and up 1.8 percent in Canterbury.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     30 Aug: A range of salad products, sold at supermarkets, have been recalled for potentially containing metal filings
     30 Aug: Confidence in our economy may have slipped amongst some smaller businesses - but their commitment to the country remains
     30 Aug: Hopes the Reserve Bank Chair's decision to step down will put an end to the debacle surrounding the former Governor's resignation
     30 Aug: Meridian and Nova Energy have finalised a joint venture for a solar farm near Taupo - set to be one of the largest in New Zealand
     29 Aug: Reserve Bank Chair Neil Quigley has resigned
     29 Aug: Difficult times for the country's largest manuka honey producer
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    BUSINESS BUSINESS
    A road freight association's raising concerns a yet-to-be-strengthened Hawkes Bay bridge's costing the region millions More...



     Today's News

    Motoring:
    A switch to NASCAR has helped motorsport ace Shane van Gisbergen find his passion for the sport against 14:37

    Health & Safety:
    A record number of cases of bacterial disease leptospirosis were recorded in 2023 14:07

    Law and Order:
    A person's been arrested for throwing a bottle at a Police vehicle during a crack down on anti-social road users in Manawatu 13:47

    Rugby:
    All Black Caleb Clarke has explained his leadership role as a senior player in a struggling Auckland NPC side 13:37

    Motoring:
    State Highway 50, in Central Hawkes Bay, is closed following a serious crash 13:27

    Law and Order:
    Police seize more than $70m in tobacco and vape products in historic bust 12:47

    Rugby League:
    The Raiders believe their Canberra fortress will be a huge factor in navigating the NRL play-offs 11:57

    Law and Order:
    A man has been jailed for three years and nine months after ramming his car into a crowd helping his injured girlfriend 11:27

    Politics:
    'Boot camps' and early intervention part of NT government's plan to prevent youth crime 11:17

    Politics:
    Three dead after angry mob sets fire to parliament building in Indonesia 10:57


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