S3.E13 - What's to blame for increasing prices?

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Nick is back on deck after household COVID isolation and there's lots of data and other information to review. 

A look back at the CoreLogic House Price Index release for March brings up a conversation around how the market performed in the last major downturn, following the Global Financial Crisis, as well as the statement that we may well reflect on Q1 this year as the tightest credit will get (for this cycle).

There's also CoreLogic Buyer Classification data for March, which shows a further drop in first home buyer activity (which Kelvin spoke about on the AM Early Show) and a quick overview of the confirmed changes to CCCFA, as announced by MBIE last week.

But the meaty part of the pod is dedicated to a discussion on the recently released report "The decline of housing supply in New Zealand: Why it happened and how to reverse it" from the  Infrastructure commission.

Releases to look out for this week include the RBNZ reviewing the Official Cash Rate, rental data for March, and migration figures for February. Plus, Kelvin's "5 things to know" is live on oneroof.

Lastly, thanks to Thomas Gilbert for his question on the sizes of homes being consented for at the moment.

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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