The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!In this very special edition of the podcast we celebrate International Women's Day by profiling three very successful and influential female leaders in the property and banking industry.Nick welcomes Simone Moors, NZ Country Manager for CoreLogic, Debbie Mills, Tribe Lead for Home Ownership at ASB and Viv Gurrey, Chief Executive for the Property Institute of NZ.Simone, Debbie and Viv share their experiences of working in big businesses all around the world and how they've made their way back to NZ to lead businesses/divisions within the property and banking industry.There is a constant theme throughout the discussion about supporting people - through tailored banking needs, providing professional support, encouraging strong relationships in the industry and using data to make smarter decisions. They also provide their thoughts as to what the 2021 International Women's Day theme of 'Chose to Challenge' means to them.Check out all our International Women's Day coverage at corelogic.co.nz and get in touch with Nick on LinkedIn, twitter @NickGoodall_CL or send an email to nick.goodall@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!This week Nick and Kelvin discuss the big news of last week - that the Reserve Bank must take house prices into account when setting their policy. The RBNZ also released their first Monetary Policy Statement for the year, which Kelvin reviews and considers where-to for interest rates.The CoreLogic Affordability Report was released last week, illustrating the difficulty for first home buyers to get into the market. Kelvin provides a few high level insights but data for every city and town in the country is available in the report, which is which is free to download.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!This week Nick and Kelvin provide their take on the latest sales data for January, showing relatively low activity outside of Auckland.A key release this week is the CoreLogic Housing Affordability Report so Kelvin provides a preview of that ahead of the official release on Wed/Thur.There's also a bit more discussion around the reintroduction of the loan-to-value ratio restrictions as coverage of it in the media increases.Then, from an economic perspective the NZ Activity Index for January was unexpectedly weak, though still up compared to the previous year, while Kelvin also delves into the latest migration data, including a comparison with MIQ figures.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!With the latest announcement of a move to alert level 3 in Auckland and 2 elsewhere, Nick and Kelvin cast their minds back to previous times this happened, using the early market indicators to help set expectations for the property market in the coming days.With a bit more time to digest the announcement by RBNZ to reinstate the loan-to-value ratio (LVR) restrictions, there's also plenty more data from 2016 to get a feel for what the market will do after 1 May 2021.Kelvin also chats about his latest article, analysing rental returns across the different value bands and Nick gives mention of the upcoming market updated being presented to Government clients at the RBNZ. Get in touch to be added to the invite list.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!A mid-podcast announcement from the RBNZ regarding the return of the LVR restrictions has Nick and Kelvin providing their 'live reaction'. With the proposed increase to 40% deposit requirement for investors from 1 May 2021 it aligns with most expectations and will likely lead to a slowing of property value growth from the middle of the year.Before then Kelvin makes mention of the surprisingly strong labour market figures for Q4 2020, as unemployment dropped to 4.9% (from 5.3% in Q3).There's also the Corelogic House Price Index data for January to cover, as well as the latest building consent data, foreign buyer stats and preliminary business confidence.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!Off the back of the latest Quarterly CoreLogic Property Market and Economic report, Kelvin and Nick (freshly back from holiday) muse the likelihood of the LVR limits returning to a 40% deposit requirement sooner rather than later, given strong recent investor activity.Kelvin then rounds up last week's economic releases - consumer confidence and filled jobs, before the regular analysis of the CoreLogic early market indicators, which indicate a continuation of strong demand against limited supply.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!With Nick away on leave in Northland, Kelvin takes up the reins and outlines how the Early Market Indicators still point to a tight supply/demand balance over the next few weeks and months. Meanwhile, the latest net migration figures have remained low and slow, and perhaps a bit ‘boring’ – certainly, other factors such as low mortgage rates and FOMO are more important for the property market right now. Kelvin also discusses how CPI inflation was well-contained in Q4 2020 and that expectations for the official cash rate to go below zero have been pedalled back. The prospect of higher interest rates is still some way off, but does need to be kept in mind.It’s also good to see CoreLogic data powering up Stuff’s Affordability Dashboard, but unfortunately for aspiring first home buyers, raising the deposit is still difficult.Our Queenstown Pulse article also got some coverage last week, and outlines how the rebound in that part of the country is to do with supply & demand, and perhaps some ‘bargain hunting’ too.Finally, note that the LVR consulation is now closed, so Kelvin discusses some of the relevant issues.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 REINZ releasing their sales statistics for December, Nick runs through the figures on sales volumes as well as the headline index results.Kelvin then delves into the latest economic releases, including strong jobs data, increasing rental figures and yet more dwellings being consented.This provides the back-drop for a discussion on the health of the economy, the state of the rental market (amid upcoming tenancy law changes) and potential for Government intervention.Nick also mentions the Stuff article covering the latest Buyer Classification data, showing continued strength in mortgaged investor activity.And as per usual a scan over the latest CoreLogic early market indicators provides insight into the short term health of both inventory and demand.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 a short summer break Nick and Kelvin are back on deck to chat about the year ahead in the property market. The December CoreLogic House Price Index first rounds out the year though, with growth the order of the day. 6.1% growth over the final quarter of the year brings sustainability and affordability to the fore so Nick takes a look at the data to reveal what's happening from an affordability perspective.Kelvin provides a summary of economic data release both recent and upcoming, with the NZ Activity Index (lead indicator for GDP) of most interest this Friday.Nick then considers where to next for the loan-to-value ratio (LVR) restrictions, given the CoreLogic Buyer Classification series is showing investor activity at similar levels to the last time the Reserve Bank moved to the 40% deposit requirement for investors (2016).And finally, a quick look over the CoreLogic early market indicators to see how activity in the new year has begun.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!In a bumper final episode of the year, number 55, Nick and Kelvin look back at the year that was 2020 in the property market. To kick things of this is done through the lens of the CoreLogic 'best of the best' report, released last week, before delving into a few highlights of the year.A shorter look back at the last week of data and media coverage highlights Stuff's new affordability dashboard, complete with CoreLogic first home buyer data, and Kelvin recounts the strong GDP figures for Q3 as well as improving results from the latest ANZ confidence surveys.Nick then has to reiterate his regular warning around using median sales prices to assess market performance after a few recent media stories did exactly that.And finally, all signs, including CoreLogic early market indicators, point to much of the same strength occurring in 2021.Corelogic final video of the year is here.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