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31 Aug 2025 18:34
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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
    A former Welsh rugby international is scoffing at the smart mouth guards used to detect a knock to the head 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

    		 Auckland:
    There are reported injuries after a two car crash in Auckland's Stanmore Bay 18:07

     Motoring:
    NASCAR driver Shane van Gisbergen is relishing the bumper-to-bumper schedule of his new discipline 17:37

     Basketball:
    The Breakers battle the Cairns Taipans tonight in their second NBL Blitz preseason basketball match in Canberra 17:27

     International:
    No Spend September is kicking off on social media to help people save 16:57

     Law and Order:
    A former Welsh rugby international is scoffing at the smart mouth guards used to detect a knock to the head 16:57

     Law and Order:
    The wife of a gunman who allegedly killed two police officers in rural Victoria last week, has urged her husband to surrender 16:17

     Rugby:
    Damning claims from a former Welsh rugby international about New Zealand Rugby Players Association boss Rob Nichol 16:07

     Rugby:
    22-year-old hooker Jack Taylor is hoping to replicate Southland rugby greats of years gone by when they tackle Waikato in their Ranfurly Shield NPC contest in Hamilton this afternoon 15:27

     International:
    Molly's death scene on A Country Practice is iconic. Anne Tenney and Shane Withington have never spoken together till now 15:07

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

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