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1 Mar 2026 7:25
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      Home > News > Business

    The resale value of residential real estate... is slightly weakening

    The resale value of residential real estate... is slightly weakening


    A CoreLogic report shows the median profit dipped to 406 thousand dollars in the three months to March, down from a record high of 435 thousand in 2021's last quarter.

    Chief Property Economist Kelvin Davidson says while the figures have softened consistent with the wider market slowdown, the fall is only minor.

    He says it may be some time before we see more substantial declines in profit-making resales.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     28 Feb: It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector
     28 Feb: The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes
     27 Feb: Retail NZ says there could be complications created by new gift card rules
     27 Feb: Rocket Lab's continuing to thunder to new heights, posting a record revenue of 300 million New Zealand dollars in the last three months of 2025
     27 Feb: The figures showing the number of people crossing the Tasman may look worse than they actually are
     27 Feb: Queenstown's Millbrook Resort's had a record year for property sales, hotel stays, and golf rounds
     27 Feb: Air New Zealand's fresh focus is resetting the business - after hitting some financial turbulence
     Top Stories

    RUGBY RUGBY
    The Chiefs are refusing to underestimate a wounded Crusaders side ahead of tonight's Super Rugby grand final rematch in Hamilton More...

    BUSINESS BUSINESS
    It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector More...


     Today's News

    		 Golf:
    Two Kiwi golfers are setting the pace at the New Zealand Open heading into the final round at Millbrook 7:17

     Soccer:
    Auckland FC have moved to within two points of the Newcastle Jets at the top of the A-League table 7:07

     Cricket:
    The Black Caps have made the semi-finals at the T20 World Cup 6:57

     International:
    Israel and US attack Iran live updates: Blasts heard in Tehran and explosions reported in cities across Middle East 4:36

     Rugby:
    The Chiefs are refusing to underestimate a wounded Crusaders side ahead of tonight's Super Rugby grand final rematch in Hamilton 21:57

     Auckland:
    Four people have been injured - one seriously - when a van rolled in the Auckland suburb of Wiri 21:17

     Law and Order:
    The Armed Offenders Squad has been working in Auckland's Papakura today, after a man was shot this morning 18:57

     Rugby:
    The Blues are pointing to territory and preventing set piece penalties as keys to victory against the Brumbies tonight in Canberra 18:37

     International:
    Crown prince Reza Pahlavi on US military intervention in Iran and how a post Islamic Republic 'transition' would work 18:17

     Politics:
    Bill Clinton tells congressional committee he had 'no idea' about Jeffrey Epstein's crimes 18:07

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