The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!The latest Corelogic Pain & Gain report always provides an interesting lens to look through the market with and this quarter is no different. On top of the usual comparisons, Nick and Kelvin take the time to look back a bit further to analyse any differences to previous downturns - spoiler alert, it's quite different this time around.Other topics for discussion this week include the latest migration release from Stats NZ and also rental data. The RBNZ published the latest lending data by DTI, which always creates a bit of chat between the lads, and REINZ October report also creates a bit of content to cover.Elsewhere there's a 'new' more timely view of CPI, though it's not fully comprehensive so Kelvin gives his take on how best to digest it. The November video is also live on Youtube.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!This week it's (mostly) all about first home buyers. There's plenty of reason for that - firstly we released our 6-monthly first home buyer report, revealing what they're buying, where they're buying and how much they're paying for it as well as a little bit of insight into how they're doing it. First home buyers were also the topic of Nick's appearance on the Newstalk ZB Weekend Collective show, with host Franceska Rudkin. Plus, a new report from new financial series provider Aera added another layer of depth to the 'time-to-deposit' affordability measure for first home buyers, by including forecasted figures of income, house prices and interest rates. Though as Nick and Kelvin discuss all forecasts require caveats and this one is no different.As mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tomorrow, Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association.Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!Plenty of data and information to chew through this week, with the CoreLogic House Price Index kicking things off, and it's official - the downturn is over! A few caveats exist of course, but at a nationwide level the lads are calling it.The latest Financial Stability Report was in some ways stock standard, but interesting at the same time. Nick and Kelvin explain why, especially when it comes to the potential introduction of debt-to-income restrictions.From an economic perspective we also received the Labour Market statistics for Q3, including an update to the all-important unemployment rate. Additionally the NZAC data for Q3 is now complete, giving Kelvin the chance to outlay his expectations for the official GDP figures which are still some 6 weeks away. Throw in business confidence data and dwelling consent figures for September and it's an data degustation!Plus of course, as mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association. Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!After a sombre discussion of the weekend’s rugby result, Nick and Kelvin launch into the usual analysis of all the property market data, which has been coming in thick and fast lately. Recent population figures confirm the influence of migration in Auckland, and the effects this is having on rental markets – not just there, but around the country too.Meanwhile, we’ve recently had new mortgage lending (a bit patchy), consumer confidence (good and bad), and foreign buyer data (still low) to digest. Last week’s Pulse article looking at investor activity by size is also covered off. Filled jobs numbers are hot off the press, and are still showing growth – a good sign ahead of this week’s official labour market stats for Q3 on Wednesday. This week there’s a steady stream of other data and releases to look out for too – dwelling consents, the NZAC, and business confidence on Tuesday, as well as the latest Financial Stability Report on Wednesday. Will the FSR finally set out the actual rules and timing for possible DTI restrictions next year?In amongst all of that, the October CoreLogic House Price Index will also be released (media on Tuesday under embargo until Wednesday), and as a teaser, it’s showing a rise in average values ….And of course, as mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association.Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nzSign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!Today, we welcome Shona Mookerjee from Insurance Market to talk everything insurance. Often seen as an afterthought and a begrudging purchase, insurance is an important product to support not only homeowners but every person throughout their different life stages.Shona is a passionate, welcoming and incredibly knowledgeable financial advisor and takes Nick through a bit of Insurance 101 and a day in the life of an insurance advisor.  There are a few key topics which Shona speaks about which are worth following up on, they are the 3%, 3%, 3% rule, levelling insurance and redundancy cover.For good measure, and because Shona will also use the recording on her social channels, Nick provides a bit of insight int o CoreLogic's role in the industry and his 'view in two' (minutes), looking ahead for the property market.Shona can be reached across each of the social media platforms Facebook, Instagram, LinkedIn, email or through the Insurance Market website.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!Following the release of the Consumers Price Index (CPI) for Q3, Nick and Kelvin dig deep into the detail of the inflation data, what all the terms mean, why it matters and what influence it could have over the Reserve Bank's next Official Cash Rate (OCR) decision on November 29. There's also the latest CoreLogic Monthly Chart Pack and Monthly video which provide a decent line in the sand for where the property market sits as we prepare to welcome in a new Government. This includes commentary on the strength of first home buyers recently and the listings situation.And of course, as mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association.Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!Aside from a 'quick' breakdown of the All Blacks incredible match and victory over the Irish in the World Cup, it's straight into the result of the General Election where National were the clear winners of the day, though it won't be all plain sailing as we await the counting of special votes to know whether they'll need NZ First or not.Either way, Nick and Kelvin run the rule over the consistent, or not-so-consistent policies between the three parties who may make-up our new Government. The bright-line test, interest deductibility and the foreign buyer tax are the key ones which come to mind.There's plenty of data to cover off too, including the somewhat linked migration and rental index data, as well as the CoreLogic Buyer Classification series  - what's the latest on first home buyer and investor activity?REINZ also released their latest index and count of agent-involved sales figures, then there's a look ahead to the big one for this quarter - the all-important CPI release for Q3.Throw in a quick review of the latest NZ Bankers Association (NZBA) report, and a proper re-cap of the figures in the Cordell Construction Cost Index and you've got a bumper 45 minute episode to tune into, to help with all your conversations ultimately designed to help people build better lives!Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!The CoreLogic HPI in September showed values plateau nationwide but importantly the NZ market is not all one market, so focus remains on some of the regional differences beneath the surface. The Reserve Bank took a less aggressive stance in the monetary policy review - not necessarily due to their decision to hold the OCR flat itself (for the fourth decision in a row), but more due to their expectation setting for the next decision, which now looks more likely to remain on hold. There are a few key releases to come before then though, which Kelvin details. The other topic of interest was the construction sector, off the back of consenting figures last week, but also due to Nick delving a bit deeper into the sector. Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!With plenty of economic data and some lending data to review, much of this week's conversation turns to what it could mean when it comes to the RBNZ's Monetary Policy Review, coming out on Wednesday. A still-strong labour market, stronger-than-expected economic activity and improving confidence amongst both consumers and businesses has Nick and Kelvin considering the increased likelihood of one more OCR hike, and importantly the timing of it.Kelvin delved into the RBNZ mortgage lending data in greater detail last week and also provides an excellent overview of ASB's recent analysis regarding the impact of migration on the economy and inflation. Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com

Send us a question/idea/opinion direct via text message!This week Nick and Kelvin dedicate a large portion of the pod to digest and discuss the latest GDP data release for Q2, even though it's admitadly old news now. But it will feature into the RBNZ discussions when it comes to consideration for their next monetary policy review (on Oct 4). Elsewhere there's a few 'insights from the road' after both were travelling last week and Kelvin also discusses key take-outs from the release of the monthly chart pack (free to download now).Lastly this week, a thanks to Dean for getting in touch, go the ABs, and check out the latest market update video.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com