S3.E17 - Downturn sets in, vulnerability ahead

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Last week's release of the April CoreLogic House Price Index provided the strongest evidence yet, if it was needed, that the market has swung to the negative with some areas seeing the largest drops in value since the Global Financial Crisis. 

This, and the release of the Reserve Bank's Financial Stability Report, leads to discussion on the vulnerabilities of the market, including our labour market, but expectations remain for a controlled downturn. 

But as Kelvin points out in his weekly oneroof article, the mood of the market, which is an important factor on future trajectory, can be difficult to quantify or measure. 

The latest building consent figures rounds up the week that was, before a look ahead to the CoreLogic First Home Buyer Report, March net migration numbers, rental figures for April and the REINZ release for April (remember to ignore change in median sales price statistics!)

Nick's interview on the impact of the latest sea level rise research is up on Newshub.

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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