S3.E9 - CCCFA tweaks announced but market definitely weakening

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Some hugely relevant data to cover off this week, and very timely, after the Government last week announced a few tweaks to the Credit Contracts and Consumer Finance Act. This followed a mini-review of the recent changes implemented on December 1, which appear to have impacted 'good' borrowers than intended or necessary. 

We've got just-updated CoreLogic Buyer Classification data for February, illustrating the greater impact on first home buyers as well as the February REINZ HPI data showing the broader impact on property values.

Stats NZ rental data remains of interest, especially with the annual growth rate now slowing after peaking at almost 6% last year and Kelvin's economic data update covers off what to look expect this week when it comes to GDP data for Q4 and NZAC data for February.

Don't forget to read and share Kelvin's 5 things you need to know and look out for an update to our monthly video later this week.

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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