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7 Jul 2022 16:18
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  •   Home > News > Business

    The residential property downturn's effects are beginning to snowball

    The residential property downturn's effects are beginning to snowball


    The latest QV Quartile Index shows the mean average home value dropped one percent loss this quarter.

    QV general manager David Nagel says it's also the first time since the end of the 2020 nationwide lockdown... the upper quartile has recorded no value growth.

    He's putting it down to rapidly rising interest rates, affordability constraints and significantly tightened lending criteria.

    © 2022 Newstalk ZB, NZCity

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     07 Jul: Falling interest rates could inject a bit more life into the housing market
     07 Jul: Countdown's opened a new 150-million dollar Auckland Fresh Distribution Centre in Wiri
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     Today's News

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    Law and Order:
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    Netball:
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    Business:
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    Entertainment:
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    Law and Order:
    Nick Kyrgios says allegation of assault 'didn't really affect me at all' in preparation for Wimbledon quarter final 14:29


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