Was it a dead cat bounce?

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How real was the property value growth experienced at the end of 2023? Off the back of the CoreLogic housing chart pack release as well as the REINZ HPI for May, Nick and Kelvin question whether we're in a renewed downturn, or whether it's essentially same one as last year.

Sounds a bit grim for homeowners and add in a still-struggling economy (despite GDP expansion in the first quarter of the year) plus a few isolated incidents (ferry running aground, Northland power tower down, air force plane being unreliable) and it appears a pretty bleak picture for Kiwi right now. 

In more promising news the Government's proposal to make it easier to add granny flats to existing properties sounds sensible, albeit unlikely a game changer. 

The monthly video is now live, give the extra podcasts last week a listen and keep an eye out for Kelvin's "thoughts from the road" coming this week. 

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