Developers are holding back from starting new developments as house prices continue to drop.

The latest QV House Price Index shows values reduced by an average 4.5 percent in the first four months of the year.

The national average home value is now around $902,000.

QV national spokesperson Simon Petersen says it's a difficult time for both buyers and sellers - impacting developments.

LISTEN ABOVE

Developers are holding back from starting new developments as house prices continue to drop.
The latest QV House Price Index shows values reduced by an average 4.5 percent in the first four months of the year.
The national average home value is now around $902,000.
QV national spokesperson Simon Petersen says it's a difficult time for both buyers and sellers - impacting developments.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.