The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!As the market moves through a distinctly different phase than the last couple of years, it's ever more important to ensure we're using the right data and statistics to evaluate what's going on.In the last week there have been a couple of examples of why that is. The first was a stuff article headlining the drop in median sales price in Auckland of 19%. The second was the mortgage lending data for February, from the RBNZ. As with anything, the insights derived from the data are dependent on interpretation or perspective.So in a statistic heavy, rant filled podcast Nick and Kelvin speak about the pitfalls of and frustrations from the way some data is released and reported on. The recently released interactive mapping the market site provides a great example of how to report on property value change in a much more consistent and robust way. 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 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!In this special guest episode Nick chats to the team of agents who make up the Sold on Kāpiti team, Karl Matakatea, Sanele Chadwick and Chris Judd. Aside from this turning into an impromptu infomercial for moving to the Kāpiti Coast (!!) the guys cover off a wide range of topics, including the state of the market, with a particular focus on the Coast but also touching on a number of factors that are relevant across the country. The Sold on Kāpiti team also talk about their short but successful history, including the big move to going independent late last year, after working under the Tall Poppy brand since their inception.Of course there's mention of the big upcoming date - 28 March 2022 when Transmission Gulley will (finally) officially open, and all the opportunity that may bring.On top of a deeper analysis of the current market, including who the active buyers are and which 'tier' of properties are faring the best, Karl, Chris and Sa also speak more specifically on some of the biggest challenges facing agents today and some of the things which have helped make and keep them successful, in this changing market.Check out the guys at https://www.soldonkapiti.co.nz/ and make sure you give them a follow on instagram and facebook too.Catch 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 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 REINZ data for February confirming the market slowdown, many questions are turning to the risk of a greater downturn and what's next for the market. Regional variances, in sales volumes and price movement, are important market indicators to pay attention to. Momentum is also waning in the broader economy - Kelvin gives his take on the latest GDP and more timely NZAC data.There was also some interesting analysis put out by the Reserve Bank of Australia regarding the risk of first home buyers and other owner occupiers which has plenty of relevance here in NZ and leads a broader discussion on the risk of a more serious down-turn occurring here.The latest video is now live, Kelvin's regular 5 things you need to know is up on oneroof, as is his larger analytic piece on the lending environment, and AM Early have uploaded his full interview from Monday morning too. And the interactive mapping the market site is updated with the change in values by suburb over the last 3 months - available to you before the media have even covered it!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 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!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 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!In this special edition podcast, to recognise and celebrate International Women's Day 2022 (IWD), Nick and Kelvin are joined by Kristen Lunmen, founder of Hatch.The theme of this years IWD is #breakthebias and throughout the podcast Kristen provides great insight into how she's done exactly that, as well as tips for how Women can do the same, in both their career and ambitions for financial freedom.The second annual CoreLogic Women and Property report, written by Head of Research for CoreLogic AU, Eliza Owen also coincides with IWD and Kelvin delves into the relevant insights for women here in NZ. This instigates some great discussions throughout, covering off the different attitudes, biases and inequality which exist between genders, when it comes to all investments, not just property. 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 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!It’s another busy week in the property market, with a huge range of data and topics to cover. But first the guys had to cover off the sickness and accidents that hit the Goodall household over the weekend.In the property market itself, one key point of discussion from last week was February’s CoreLogic House Price Index, which confirmed the slowing trend for values – reflecting fundamental drivers such as higher mortgage rates and reduced credit availability, but also possibly a change in mindset, as the pricing power shifts towards buyers.In turn, part of that reflects the changing listings situation, which the guys also run through. With more choice on the market, buyers are probably getting some sneaky offers accepted, with that pattern coming through a bit sooner than we were anticipating.Meanwhile, the economic news has been a little mixed – with filled jobs still rising in January, but dwelling consents dipping, and business and consumer confidence now looking very weak. There’ll be some headaches at the Reserve Bank, as they try to balance the need to control inflation (with a higher official cash rate) while at the same time not damaging the economy. This ‘stagflation’ risk – i.e. a stagnant economy but high inflation – is one to keep an eye on.There’s also a look ahead to upcoming data, and a heads-up about CoreLogic’s new Women & Property Report, which is timed for International Women’s Day (8th March) and takes a detailed look at female ownership in the NZ property market, as well as a look at Australia.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 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!Covid may have hit the CoreLogic Research Team this week, as Kelvin and his whanau have woken up a tad worse for wear today. Unsurprisingly Kelvin still manages to get through the pod with his usual array of commentary and insights on the topical factors impacting the property market.Of course the key point of discussion is the latest RBNZ Monetary Policy Statement and Official Cash Rate (OCR) review which resulted in a 0.25% increase to 1%. And as per usual, it's not always about what the RBNZ does, but also what they say and there's plenty to chew over when considering "where to next?".The RBNZ's latest lending figures for January also provide food for thought and before the guys move on from the Bank and their influence, there's a final reminder of the now-closed consolation period regarding the potential introduction of debt-to-income restrictions.A brief acknowledgment of the awful events unfolding in Ukraine and the global and local economic impacts is also discussed, before a quick recap of the recently released Pain & Gain report and a look ahead to what's coming up 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 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!Straight into it this week with the REINZ HPI leading the way after reporting another drop in values in January (following the same in December).This triggers a more critical look at the market factors at play - with a particular focus on the potential for greater weakness in the market, sooner than we'd previously been expecting. A very interesting article from Economist Cameron Bagrie on Business Desk then prompts consideration of a more vulnerable economy and labour market than has widely been considered. Perhaps the key question being how will the Government support businesses coping with reduced consumer mobility and activity through the red traffic light settings (as well as those in Wellington affected by the protests).There's also debt-to-income data from the Reserve Bank to digest and a look ahead to their Monetary Policy Statement (MPS) this Wednesday which will almost certainly include a lift in the Official Cash Rate (OCR) to 1.00%.Links to check out this week:Monthly video summaryAffordability ReportOneroof 5 things you need to knowPain & Gain report for Q4 on FridayCheck 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 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!First up this week is a recap of the Cordell Construction Costs Index (CCCI) for Q4 which was released last week and got a LOT of press. Then we review the January CoreLogic Buyer Classification data showing the first real signs of tightening credit (LVRs and CCCFA) hitting first home buyer activity.Plenty to look out for this week too, including the CoreLogic Affordability report, Stats NZ's Rental Index for January and the REINZ data release. And as always this week's '5 things you need to know' is up on oneroof.co.nz.Lastly, a big thanks to Anna for getting in touch about her recent experiences in the Point Chevalier property market - plenty of broader trends to look out for as we transition away from the latest boom phase.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.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!After recapping the results from the CoreLogic House Price Index (HPI) release for January Nick and Kelvin get into a meatier discussion on the state of the labour market, with the unemployment rate falling to another record low 3.2%.Given so many headwinds facing the market, not least the tightening of credit, in part due to the recent CCCFA (Credit Contracts and Consumer Finance Act) changes, a lot of focus is on the future of the employment market and economy in general.This leads Nick to mention a recent interview from the NZ Everyday Investor podcast, hosted by Darcy Ungaro, featuring John Bolton from Squirrel Finance, which provided a lot of great detail on some of the impacts of the changes, including restriction of credit to the important small and medium enterprise business sector. Well worth a listen.This week's '5 things you need to know' is also available on oneroof.co.nz and look out for the latest CCCI report, tracking the change in construction costs at the end of 2021.Note, next week the podcast will be returning to the usual Monday afternoon release schedule.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.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