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10 Feb 2025 9:40
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  •   Home > News > Business

    House prices are continuing to fall

    House prices are continuing to fall


    Latest figures show the Real Estate Institute's House Price Index has dropped 1.1 percent in the past year, and is 15.6 percent below its 2021 peak.

    The national median house price is now 775-thousand dollars -- down 0.6 percent on a year ago.

    Auckland's median is down 4.3 percent to a million dollars, and Wellington's median is down 5.4 percent to 765-thousand dollars.

    Canterbury's median up 6.3 percent to 707-thousand dollars.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     09 Feb: Financial pressure for home-owners is set to ease as inflation stabilises
     08 Feb: A construction analyst claims Kainga Ora paid three times the market price for a dozen Canterbury units
     07 Feb: Food Safety New Zealand has given Chelsea Sugar a stark warning - for making and selling almost one-thousand tonnes of lead-contaminated sugar products
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    Three-time Super Bowl winner Riki Ellison believes Philadelphia's chances of toppling Kansas City in the Super Bowl will be determined by the output of their running back More...


    BUSINESS BUSINESS
    Confidence overseas investors will take up opportunities provided by visa changes More...



     Today's News

    Rugby:
    Three-time Super Bowl winner Riki Ellison believes Philadelphia's chances of toppling Kansas City in the Super Bowl will be determined by the output of their running back 9:27

    Tennis:
    Alex de Minaur loses to Carlos Alcaraz 6-4, 3-6, 6-2 in Rotterdam Open final 8:47

    Rugby:
    Three-time Super Bowl winner Riki Ellison's marvelling at the consistency of Kansas City ahead of their fifth appearance in the NFL showpiece across the last six seasons 8:37

    National:
    Preventing ‘revenge quitting:’ 5 things workplaces can do to help employees feel like they belong 8:27

    National:
    The Black librarian who rewrote the rules of power, gender and passing as white 8:17

    Soccer:
    Liverpool's bid for an English football quadruple crown this season is over 8:17

    Politics:
    Efficiency - or empire? How Elon Musk’s hostile takeover could end government as we know it 8:07

    Living & Travel:
    Lower Hutt Mayor Campbell Barry joined skate-boarders for the official opening of a new state-of-the-art skate park over the weekend 8:07

    Business:
    Confidence overseas investors will take up opportunities provided by visa changes 7:57

    International:
    The reality of Ukraine's impersonal, sci-fi drone war 7:57


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