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10 Feb 2025 7:38
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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
     10 Feb: Rising dairy prices continue to affect supermarket costs
     09 Feb: New Zealanders feeling a financial-crunch will still need to watch their spending as inflation starts to ease
     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
     07 Feb: Uncertainty as to whether youth unemployment will come down in the second half of the year
     07 Feb: How Trump's tariffs on China delivered a 'double-whammy' to Temu and Shein
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     Today's News

    Accident and Emergency:
    One person has died following a serious crash on the South Island's Lewis Pass Road 7:27

    Business:
    Rising dairy prices continue to affect supermarket costs 7:17

    International:
    Israeli forces withdraw from Gaza Strip's Netzarim Corridor as part of ceasefire deal 7:07

    Law and Order:
    A man's due in court this week, over dangerous burnouts in Lower Hutt 5:57

    Hamilton:
    Tragedy in the small rural Waikato community of Ngahinapouri, southwest of Hamilton, with two separate fatal car crashes 4:37

    Skiing:
    Rosie Fordham claims Australia's first ever international cross country skiing medal at U23 World Ski Championships 22:37

    Environment:
    Severe thunderstorms, large hail stones, damaging winds and heavy rain are forecast for parts of Victoria and NSW, meaning a wet and stormy start to the week 21:57

    Accident and Emergency:
    With the wreckage of a Cessna 208B Grand Caravan that crashed in Alaska, killing all 10 on board, drifts on a Bering Sea ice floe, authorities say they have recovered and identified the bodies of all the victims 21:17

    Environment:
    Northland's largest wetland has suffered significant damage after a landowner allowed livestock to enter, sprayed pesticides and illegally installed 600m of drains 18:57

    Auckland:
    Jacko Gill has dominated Tom Walsh in the men's shotput at the Sir Graeme Douglas Invitational in Auckland 18:37


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