The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!With plenty of change occurring and more coming in the lending space, Nick and Kelvin spend a bit of time talking about the Reserve Bank, regulation and BNZ's announcement to immediately apply debt-to-income restrictions themselves.Kelvin then provides his usual round-up of macroeconomic releases, including confidence survey results, labour market data and upcoming building consent figures.Lastly this week, a quick look over the ditch provides a sense of déjà vu for the lads as inflation and the OCR come squarely to the forefront for the RBA.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 episode 100, Nick and Kelvin briefly chat about the origin and story of the podcast before getting back to normal programming and a review of the week that was.Inflation data for Q3 was out last week, and with the annual increase hitting 4.9% yet again the implications to the OCR and mortgage interest rates are top of mind. Kelvin provides the detail, tying in the last NZ Activity Index (NZAC) measuring economic activity and the upcoming business confidence survey results.A joint housing announcement, between National and Labour showed encouraging signs for the future of intensification, however once again the impact is likely to be small and gradual - Nick and Kelvin discuss why.And lastly this week, Nick reviews the latest agent appraisal figures which have been drifting lower - not a good sign for upcoming listings. 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!Last Tuesday we officially launched the Property Vulnerability Index and accompanying report. Nick and Kelvin provide an overview of the analysis, how it can be used and some high level results, but all the content is open and free to check out at your own leisure. Including the webinar, report and article.Kelvin then reviews the latest rental price data, showing a significant increase which causes the team to consider if the latest tax changes are in fact being passed through to tenants (against our expectation).There's also REINZ HPI data to chat about, net migration figures, including what will happen when the borders do finally open and surprisingly strong business confidence results.The monthly video will also be published within the next day or so.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!With the RBNZ lifting the OCR, from 0.25% to 0.50%, as widely expected, Kelvin and Nick spend a bit of time reviewing exactly why it has happened, especially in the international context of no other central banks expecting to lift for at least a couple of years.Then there's consideration for what it means for the NZ property market and the broader economy, with further discussion on 'what next?'The other data/releases covered are buyer classification data for September, the latest on agent appraisal volumes and a quick take on the just-announced shared equity scheme by the Government, as covered by Jenée at interest.co.nz.Register and tune in to the regional vulnerability webinar on Tuesday 12 October at 11:30am to hear Nick and Kelvin release the report, looking at which markets are more vulnerable to price drops.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!The CoreLogic September House Price Index was released last week and aside from a further slowdown in the nationwide figure, there were some mixed results below that. Nick gives his take on what he thinks is happening before Kelvin delves into the detail about what a new build is according to the Government, as defined for the interest cost deductibility tax changes.A mostly positive round up of other data releases in the last week is then closed off with Kelvin previewing the RBNZ OCR decision this Wednesday.And finally, Nick discusses the upcoming live webinar/podcast to launch the CoreLogic Regional Vulnerability Report. Free to attend, you can register here to dial in next Tuesday 12 October at 11:30am.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!As they regularly do, the RBNZ keeps us busy and provide plenty of talking points when it comes to the property market. This week Nick and Kelvin reflect on the August lending figures and The Bank's confirmation of tighter lending restrictions for owner occupiers.Kelvin also notes that the interest deductibility changes come into effect this Friday (1 October) without all the details, particularly around new builds, confirmed.Meanwhile there are good signs for upcoming listings from the latest agent appraisal data. This week, keep a look out for the coverage of the "Mapping the Market" interactive, evaluating suburb level performance, on the CoreLogic website, and filled jobs numbers will be of interest for labour market observers.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!Rental price data is one of the most highly anticipated data releases these days with so much focus on landlords and their costs but interpretation of the data is unfortunately not straight forward. Nick and Kelvin do their best to evaluate where things are at, but all should be clearer in the next few months.The guys also review the latest REINZ sales volumes and house price index data, which leads to reference of an explainer article published on stuff over the weekend about all the different companies and measures out there, evaluating the property market.There's also the usual agent appraisal data to review and Kelvin provides his regular economic data update, including GDP figures for Q2 and surprisingly positive business confidence results.The monthly market update video is now live and Kelvin's latest article analysing the CoreLogic Buyer Classification series is also up on the website.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!Housing affordability is probably the number one topic of interest for kiwi right now (yep, above even Covid-19!) and last week we released the bi-annual CoreLogic Housing Affordability report, relating to data at the end of Q2. Unfortunately the results paint a pretty grim picture for would-be home buyers, and with increasing interest rates things are also worsening for current home owners.Nick and Kelvin discuss the current situation, latest data and also cover off the August buyer classification figures which illustrate some of the impact of the most recent/current lockdown.Meanwhile agent appraisals volumes are recovering very well which is a good thing for a supply perspective.The recent Real Estate webinar hosted and streamed by Trade Me Property which Nick mentioned is available for free on Youtube now. 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!The CoreLogic House Price Index for August was released last week and while the overarching trend of the market slowdown hasn't changed the short term outlook has shifted slightly, due to the latest lockdown. But it's also worth noting what's different this time around.Once again the Reserve Bank come through with more talking points. This time regarding tightening of lending standards for owner occupiers - in particular first home buyers. There's plenty of detail to chew over, which Kelvin and Nick do.This week, look out for the latest release of the Corelogic (Un)Affordability Report, and net migration figures for July. 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!After a busy week of media interviews, in response to the release of the Pain & Gain report, both Nick and Kelvin give their take on why "it's different this time" when considering the market prospects once we come out of lock down.Nick then covers off the latest figures tracking appraisals generated by agents (using Property Guru and RPNZ) which are a good guide for the flow of listings coming to market. The results are pretty positive when comparing to the last level 4 lockdown. If you're an agent, please get in touch to let us know how you're continuing to work in level 4.Then, as per usual the RBNZ's not far from the conversation. Kelvin covers off the latest mortgage lending data, along with ANZ's consumer confidence survey results and Stats NZ's jobs filled series. 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