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20 Feb 2025 7:03
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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
     19 Feb: Fonterra has chosen to name its consumer business Mainland Group -- rather than Anchor - as it looks for a buyer, through either a trade sale or an Initial Public Offering
     19 Feb: Meridian Energy's reached an agreement to purchase NZ Windfarms Limited
     19 Feb: House prices are continuing to fall, but some parts of the country keep bucking the trend
     19 Feb: Anticipation's building in the property market, with expectations the Official Cash Rate will be shaved by another 50-points today
     19 Feb: Canterbury continues to buck national property trends
     19 Feb: Another large cut to the Official Cash Rate's on the cards today
     19 Feb: Genesis Energy's bought a consented Canterbury solar farm, expected to generate 67 megawatts from 2027
     Top Stories

    RUGBY RUGBY
    Chiefs coach Clayton McMillan sees the Josh Jacomb -Damian McKenzie 10-15 arrangement as a short-term fix, after naming them again in those respective jerseys for tomorrow's Super Rugby match with the Crusaders in Hamilton More...


    BUSINESS BUSINESS
    Fonterra has chosen to name its consumer business Mainland Group -- rather than Anchor - as it looks for a buyer, through either a trade sale or an Initial Public Offering More...



     Today's News

    Entertainment:
    'Conclave' and 'The Brutalist' were the big winners at the EE BAFTA Film Awards 6:54

    Entertainment:
    Adrien Brody felt "so grateful" to be named Best Leading Actor at the EE BAFTAs 6:24

    Rugby:
    Chiefs coach Clayton McMillan sees the Josh Jacomb -Damian McKenzie 10-15 arrangement as a short-term fix, after naming them again in those respective jerseys for tomorrow's Super Rugby match with the Crusaders in Hamilton 5:37

    Law and Order:
    A potential sighting of Tom Phillips and his three children in the King Country, wasn't the missing family 4:37

    Soccer:
    Wellington Phoenix skipper Alex Rufer's pushing to maximise his game time in Saturday's A-League derby against Auckland FC at Mt Smart 21:57

    Entertainment:
    Warwick Davis became emotional as dedicated his BAFTA Fellowship Award to his late wife 21:54

    Entertainment:
    David Jonsson "didn't see a space for himself" in the industry before he won the BAFTA EE Rising Star Award 21:24

    Politics:
    Auckland's mayor asking for the chance to finish the job he's started 21:17

    Entertainment:
    'Conclave' was named Outstanding British Film at the EE BAFTAs 20:54

    Entertainment:
    Dame Maggie Smith was remembered at the EE BAFTA Awards on Sunday (16.02.25) evening 20:24


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