S2.E48 - First home buyer strength, rents and business health

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Off the back of the release of the CoreLogic First Home Buyer report for Q3, Nick and Kelvin discuss the factors leading to their record share and then consider how things might play out in coming quarters, given tightening credit conditions. 

Rising rents are inherently intertwined in the state of the first home buyer market, so we've been paying close attention to the Rental Index from Stats NZ. October figures weren't as strong as September but the annual rate of growth is still very topical.

REINZ October release also provided interesting results - with further evidence of a potential turning point, below the headline strength.

Kelvin then kicks off a discussion on the health of businesses, analysing the ANZ Business Confidence data, as the economy very tentatively starts to open up a bit more.

Rounding out the pod, Kelvin plugs the (now-released) CCCI Report (formerly CHIP) providing yet more evidence of further growth in construction costs, and RBNZ lending data on DTIs out later today (Monday).

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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