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31 Aug 2025 14:00
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      Home > News > Business

    Turning around house prices - is taking a long time

    Turning around house prices - is taking a long time


    The Real Estate Institute's House Price Index is showing a slight rise on this time last year, but it's still 16.7 percent below the 2021 peak.

    Meanwhile, new Cotality figures show about one in 10 properties aren't selling for a profit.

    Chief Property Economist, Kelvin Davidson, says it'll take better economic conditions - for all parts of the housing market to pick up.

    He says it probably won't move much in the next five-to-six months.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     30 Aug: A road freight association's raising concerns a yet-to-be-strengthened Hawkes Bay bridge's costing the region millions
     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
     Top Stories

    RUGBY RUGBY
    All Black Caleb Clarke has explained his leadership role as a senior player in a struggling Auckland NPC side More...

    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

    		 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

     Motoring:
    Shane van Gisbergen will have to resist the urge to cross motorsport disciplines - for the most part - while he's racing in NASCAR 13:07

     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

     Environment:
    A south-westerly wind change could bring damaging gusts to the North Island, across the day 10:47

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