S3.E18 - First home buyers suffer, values hurting

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The latest 6-monthly CoreLogic first home buyers report clearly illustrated the recent struggles for first home buyers as credit availability and affordability pressures impacted their activity. Of course the report goes into greater detail, as do Nick and Kelvin in their resulting discussion.

REINZ figures for April are also a hot topic, particularly due to the stark index result that Wellington City is now -14.2% down from its October peak.

Kelvin also provides his take on the latest Westpac Economics team release on construction and the housing shortage, while net migration figures for April provide an opening to a broader economic discussion and April rental data has Nick reiterating comments made about landlord pressures for a oneroof article.

This week, keep a look out for RBNZ's latest debt-to-income reporting and insights from their new survey, while Kelvin's written a 'did you know?' post, busting a few myths that are currently circulating and as he says in his regular '5 things to know' the 2022 Government Budget is likely to be relatively uneventful for housing. 

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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