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Quotable Value New Zealand - Latest News [Page 2]
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 >>
Home Values Fall To November Levels
Thursday, 9 June 2022, 5:14 am | Quotable Value New Zealand
The latest QV House Price Index shows the housing market has fallen back to the same levels seen at the end of November 2021, as rising interest rates and credit constraints continue to bite. The average home decreased in value by 2.2% ... More >>
Cost Of Building A Home Skyrockets — And Tipped To Rise Even Further
Thursday, 2 June 2022, 10:22 am | Quotable Value New Zealand
The average cost of building a home in New Zealand’s main centres has shot up 20.9% in the last 12 months. QV CostBuilder is New Zealand’s most comprehensive construction cost database. In its most recent price update at the end of April, ... More >>
New Zealand's Residential Property Downturn Turns Upward
Monday, 23 May 2022, 3:59 pm | Quotable Value New Zealand
The effects of the residential property downturn are beginning to snowball as it works its way from the bottom of the property ladder to the top. The latest QV Quartile Index shows that the 25% most and least expensive homes across Aotearoa-New Zealand’s ... More >>
Rising Interest Rates Starting To Bite As Downturn Gathers Pace
Tuesday, 10 May 2022, 5:52 am | Quotable Value New Zealand
The latest QV House Price Index shows the housing market is under increasing pressure from rising interest rates. Loan affordability constraints are limiting buyers, and those who are in the market are spoilt for choice as listing levels far outstrip ... More >>
Main Centres First To Show The Impacts Of Downturn
Friday, 8 April 2022, 5:42 am | Quotable Value New Zealand
The QV House Price Index has experienced its largest quarterly drop in more than a decade, with the main centres currently taking the brunt of the impact of rising interest rates and tightening bank credit. The average home decreased in value by ... More >>
Residential Property Market Correction Looms Amongst International Uncertainty
Wednesday, 9 March 2022, 6:51 am | Quotable Value New Zealand
All signs are pointing to a gradual correction to the residential property market as the rate of growth continues to slide. The average home increased in value by just 2.3% nationally over the past three-month period to the end of February, down ... More >>
The Hottest Locations Of 2021
Tuesday, 28 December 2021, 6:51 am | Quotable Value New Zealand
27 December 2021 Let’s face it — every residential market in New Zealand was hot during 2021. But which markets were the hottest? The latest QV Quartile Index shows just how quickly first-home values have risen across the country this year. ... More >>
What Lies Beneath Is The Housing Market Turning?
Wednesday, 8 December 2021, 6:20 am | Quotable Value New Zealand
Rising interest rates, combined with further tightening of credit availability appear to be dampening the enthusiasm of investors and first home buyers. While house values continue to rise, what lies beneath QV's latest figures is growing evidence that ... More >>
Average Residential Home Value Cracks $1 Million
Wednesday, 10 November 2021, 6:50 am | Quotable Value New Zealand
The property market reached new heights last month with the average residential home value topping $1 million for the first time. This comes as large tracts of the country remain in level 3 lockdown restrictions, which seemingly hasn’t dampened ... More >>
House Prices Keep Rising, Despite Increasing Headwinds
Monday, 11 October 2021, 6:20 am | Quotable Value New Zealand
The property market continues to rise, even as lockdown levels continue to restrict the entire country to some degree. The average value increased 3.6% nationally over the past three-month period to the end of September, up slightly from the 3.3% quarterly ... More >>
First-home values shrug off winter chill
Tuesday, 21 September 2021, 8:47 am | Quotable Value New Zealand
It’s been another winter of discontent for first-home buyers with entry-level house prices rising at their fastest rate in five years. The latest QV Quartile Index, which tracks house prices and sales at both ends of the residential property ladder, ... More >>
Will It Be Déjà Vu For The Property Market After Lockdown 2.0?
Wednesday, 8 September 2021, 6:44 am | Quotable Value New Zealand
As lockdown restrictions begin to ease around the country, will the property market gain a fresh head of steam, similar to what we saw at the end of last year's extended lockdown? Coming into the latest lockdown, the QV House Price Index showed a further ... More >>
