S3.E27 - Further weakness and more to come?

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The RBNZ's decision to lift the OCR by another 0.5%, to 2.5%, was entirely expected, however there's still a lot to discuss in terms of the implications and future of mortgage interest rates.

Meanwhile the REINZ data release for June prompted an in depth look into sales volumes, which really have fallen away dramatically. Plus, anyone looking for signs of the downturn moderating would have been bitterly disappointed to see the REINZ HPI showing no signs of it.

From an economic perspective, Kelvin wraps up the latest Stats NZ releases, covering both their rental index and net migration figures.

Keep an eye on the CoreLogic NZ Youtube channel for this months (numbers heavy) video, as well as the latest release of the Cordell Construction Costs Index (CCC!).

Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

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