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Quotable Value New Zealand - Latest News [Page 1]
Residential Recovery Sluggish In First Quarter Of 2024
Tuesday, 9 April 2024, 9:33 am | Quotable Value New Zealand
The latest QV House Price Index for March shows the average home value has increased nationally by 2.2% to $924,734 over the first three months of 2024 – a small increase on the 1.3% quarterly home value increase reported at the end of February. More >>
Construction Cost Growth Continuing To Cool
Wednesday, 28 February 2024, 9:23 am | Quotable Value New Zealand
The average cost of building a home in New Zealand Aotearoa’s main centres has increased by 0.3% this quarter and 5.2% since February 2023. This is in stark contrast to previous CostBuilder construction cost updates in the Covid-19 era, which showed ... More >>
Slow Recovery To Be Continued In 2024
Tuesday, 19 December 2023, 6:23 pm | Quotable Value New Zealand
The housing market continues to strengthen into the festive season – but a slow recovery throughout 2024 is expected. The national average home value is now precisely 3.3% lower than at the start of 2023, compared to an average reduction of 10.2% from ... More >>
Cost Of Building A Home Increases By 4.9% Annually
Thursday, 30 November 2023, 10:39 am | Quotable Value New Zealand
The average cost of building a home in Aotearoa New Zealand’s main centres has increased by less than half as much as last year. QV CostBuilder is New Zealand’s most comprehensive construction cost database. More than 42,000 rates were updated ... More >>
Green Shoots Of Recovery Spreading
Wednesday, 11 October 2023, 6:15 am | Quotable Value New Zealand
There are further signs of revitalisation within Aotearoa New Zealand’s residential property market. While the market remains largely flat overall, with the average home value increasing by just 0.9% in the September quarter to $899,256, the latest ... More >>
Has The Real Estate Recovery Begun?
Tuesday, 12 September 2023, 6:12 am | Quotable Value New Zealand
The residential property market has experienced a modest amount of home value growth this quarter, driven primarily by first-home buyers outside of Aotearoa’s main urban areas. The average home increased in value nationally by 0.5% to $893,639, ... More >>
Downturn Slowly Running Out Of Steam As Bottom Of The Market Beckons
Tuesday, 8 August 2023, 7:14 am | Quotable Value New Zealand
Aotearoa New Zealand’s residential property downturn continues to decelerate, with the nation’s three-month rolling rate of decline reducing for the fourth straight month. The QV House Price Index for July 2023 shows the average home decreased in ... More >>
Rate Of Decline Softens But Results Are Mixed As Volatility Continues To Impact Numbers
Tuesday, 11 July 2023, 6:24 am | Quotable Value New Zealand
Declining home values continue to soften in many parts of Aotearoa New Zealand, and yet heightened volatility as a result of reduced sales activity means we are likely to see that rate of reduction both leap and fall in the coming months. The ... More >>
NZ Property Downturn Eases Once More
Monday, 19 June 2023, 5:08 am | Quotable Value New Zealand
The residential property market’s downward trajectory has eased slightly for the second month in a row – but we could yet be in for some increased volatility in the months ahead. The latest QV House Price Index shows home values decreased by ... More >>
Declines Slowing In Some Centres, Still Increasing In Others...
Tuesday, 9 May 2023, 10:33 am | Quotable Value New Zealand
Aotearoa New Zealand’s average home value is zeroing in on the $900,000 mark following yet another month of widespread declines across the motu. The latest QV House Price Index shows values have reduced by an average of 4.5% throughout the first four months ... More >>
QV CostBuilder Construction Data Now Supported In RIB CostX
Tuesday, 18 April 2023, 9:43 am | Quotable Value New Zealand
Quotable Value (QV) is pleased to announce a new partnership with RIB Software that will allow CostX users to access QV CostBuilder’s vast library of regularly updated construction costs. QV CostBuilder is Aotearoa New Zealand’s most comprehensive ... More >>
Downturn Deepens As Official Cash Rate Rises Once Again
Wednesday, 12 April 2023, 5:22 am | Quotable Value New Zealand
The residential property downturn appears to be gaining momentum once more, with home values making their largest first-quarter fall in more than 15 years. The latest QV House Price Index for March shows property values have decreased across Aotearoa ... More >>
Housing Market Still A Long Way Off Pre-pandemic Levels
Thursday, 9 March 2023, 6:08 am | Quotable Value New Zealand
Aotearoa-New Zealand’s residential property market will need to decline for up to two more years at its current rate to reach pre-pandemic home value levels. It has now been three years since the first official case of Covid-19 hit these shores ... More >>
New Rating Valuations For Whanganui District Council
Thursday, 2 March 2023, 9:50 am | Quotable Value New Zealand
Whanganui District property owners will soon receive a Notice of Rating Valuation in the post with an updated rating value for their property. The new rating valuations have been prepared for 22,316 properties on behalf of the Whanganui District Council ... More >>
Soggy Start To 2023 For Much Of Aotearoa's Beleaguered Residential Property Market
Tuesday, 14 February 2023, 6:54 am | Quotable Value New Zealand
Extreme weather events across the top of the North Island have done less than nothing to halt a slow decline that has seen home values reduce nationally by an average of 1.1% in January. Quotable Value (QV) Chief Operating Officer David Nagel said ... More >>
New Rating Valuations For Upper Hutt City
Thursday, 26 January 2023, 10:35 am | Quotable Value New Zealand
Upper Hutt City property owners will soon receive a Notice of Rating Valuation in the post with an updated rating value for their property. The new rating valuations have been prepared for 17,863 properties on behalf of the Upper Hutt City Council ... More >>
What's Next For NZ's Volatile Housing Market? QV Warns Of Bumpy Road Ahead
Friday, 20 January 2023, 5:43 am | Quotable Value New Zealand
Will the residential property market prove to be as volatile in 2023 as it has been the last three years? Quotable Value (QV) Chief Operating Officer David Nagel says there could well be a few more bumps in the road ahead. His warning comes as the ... More >>
Are Double-digit Construction Price Rises Finally Slowing?
Monday, 16 January 2023, 10:24 am | Quotable Value New Zealand
The average cost of building a home in New Zealand’s main centres increased by 11.3% last year, but the good news is that the rising cost of construction appears to be slowing. QV CostBuilder is New Zealand’s most comprehensive construction ... More >>
Latest Housing Figures Mark NZ's First Annual Decline Since 2011
Thursday, 13 October 2022, 5:09 am | Quotable Value New Zealand
New Zealand’s average home value has recorded its first annual reduction in more than a decade. The latest QV House Price Index shows that home values have slipped by an average of 2.1% nationwide in the 12 months to the end of September 2022. It’s ... More >>
Market Downturn Continues As Winter Draws To A Close
Friday, 9 September 2022, 6:07 am | Quotable Value New Zealand
The QV House Price Index for August shows the housing market continues to cool as winter draws to a close. Tight credit conditions and rising interest rates means fewer buyers are competing for an oversupply of stock. This continues to put downward ... More >>
