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27 Jun 2022 21:39
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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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    RUGBY RUGBY
    The All Blacks have a big hole to fill in their midfield ahead of Saturday's opening test against Ireland at Eden Park More...

    BUSINESS BUSINESS
    Thar she blows....a burst water main in central Dunedin has created a geyser four storeys high outside Farmers on George Street More...


     Today's News

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     Politics:
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     Entertainment:
    Billie Eilish has used her backstage rider at the Glastonbury Festival to ban single-use plastics to keep her area fully sustainable 19:51

     Entertainment:
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     Tennis:
    Everything you need to know for Wimbledon — when and where it's on, how to watch and what's changed in 2022 19:19

     Business:
    Thar she blows....a burst water main in central Dunedin has created a geyser four storeys high outside Farmers on George Street 19:00

     Entertainment:
    Anna Faris "turned into somebody [she] didn't recognise" after getting divorced 18:51

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