The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!The Reserve Bank has followed through on what ‘the markets’ and bank economists were expecting, with a 0.50% OCR cut today.Inflation is considered to already be back in the target range (official data due Tuesday 16th) and the economy is weak, with the RBNZ noting we have ample spare capacity in NZ.Check out today’s reactionary pod for Nick and Kelvin’s take on the decision.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Send us a question/idea/opinion direct via text message!This week it's a special edition guest PLUS Monday data round up.Along with Kelvin, Nick welcomes Richard Vaughan, Regional Director at Opteon Solutions to the pod. As Nick is fresh off a family holiday in Rotorua, he offloads to Kelvin and Richard to fill him in on a busy week for the property market, including: The Corelogic Home Value Index results for August.Stats NZ Census data, including home ownership figuresGovernment announcement to underwrite new developmentsRBNZ data on loan terms chose in AugustEconomic data on business confidence and filled jobs. That's all before a detail preview of the Reserve Bank Monetary Policy Review, and OCR decision coming up on Wednesday (reactionary pod pending Kelvin's Jury Duty and Nick's Sydney trip).Of course, there's still room for a bit of sports chat at the end, including Richard's pride in his Olympic gold medal winning niece Tara Vaughan (K4 500), and the NRL Grand Final. Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Send us a question/idea/opinion direct via text message!It’s a busy period at the moment for work travel and holidays, so this week’s episode is appearing a few days early – and we kick things off by looking at NZ’s $1m+ property markets, some of which are no surprise (e.g Auckland, Queenstown), but also some which aren’t quite as obvious.Meanwhile, the recent economic data – such as the NZ Activity Index – hasn’t done anything to change the strong odds that the OCR is cut again on 9th October, which will keep the downwards pressure on mortgage rates. The effects of that are already showing through in mortgage lending activity, which is rising, with low-deposit activity also picking up.Looking ahead, we’re awaiting filled jobs data, business confidence, dwelling consents, and figures on the loan terms being chosen by new borrowers – short fixes have been popular lately, so it’ll be interesting to see how August’s figures shape up.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Send us a question/idea/opinion direct via text message!With Kelvin away on holiday Nick calls up Mark Harris from New Zealand Sotheby's International Realty hear what's going on the premium property market, including the always-of-interest Queenstown Lakes district. Mark also speaks about the impact of the foreign buyer ban and the potential for it to be loosened in order to increase foreign investment into the NZ economy. Mark then delves into other policy changes - shortening of the Brightline test, reintroduction of interest deductibility, loosening of LVRs and introduction of DTIs. It's all covered in a wide-ranging chat which also includes a roundup of last week's data releases - importantly the GDP result for Q2, and what it could mean for the RBNZ's next OCR call on October 9.And make sure you download the latest monthly chart pack to keep at your side for future reference.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Nick, a property updates enthusiast, and Kelvin, a property market analyst, dive into the latest findings from the CoreLogic Mapping the Market tool. They discuss the significant declines in property values across suburbs and the importance of maintaining a long-term perspective despite current weaknesses. The episode also touches on the slowdown in net migration and its effect on rental prices, while they explore essential economic indicators that shape the property landscape in New Zealand.

Send us a question/idea/opinion direct via text message!A week on the road, combined with the latest HVI data and RBNZ lending stats leads Nick and Kelvin to discussing all the considerations for picking the term of fixed loans. There's also Stats NZ building work put in place data for Q2 to cover off the other key topic of the moment - construction. While caution remains, there appears to be signs of optimism, though we also wouldn't get carried away with any rays of sunshine foreshadowing the dawn of summer. Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Send us a question/idea/opinion direct via text message!Kelvin's article is the main source of conversation this week, as the recent lift in upsizers and smaller investors takes focus, as well as a look into who are securing recent new builds. This also flows well into a chat about the latest RBNZ lending data looking into market reaction from looser LVRs and DTIs. Another key point of note reamins the higher levels of bank switchers too.From a broader economic perspective there's a promising result from the recent business confidence survey, but expectations still remain in check from both consumer confidence and filled jobs data. Plus, there's also reason to remain cautious of the encouraging building consent figures.Lastly, a deeper look into regional business costs comes courtesy of a question from Nathan and the granularity of the Cordell construction cost data. Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Send us a question/idea/opinion direct via text message!This week, Nick chats to Cam Muggeridge, Adviser for Loan Market Central, in Auckland.Cam has extensive knowledge of the lending sector, insurance, and property development industry. With his experience coming up through the advisor world, Cam has a thorough understanding of the home loan process and a passion for making that process easy to understand and as stress-free as possible for his clients.In this chat with Nick, Cam outlays how the market has reacted to the recent fall in the OCR. How it has seen enquiries from both new and existing clients interested in making the reduction work for them.Cam also details what the discussion looks like when it comes to breaking fixed rates with banks and how to manage expectations and stress levels in the new decreasing interest rate environment. With his background in property development, Cam also offers insight into his conversations and expectations for the still-vulnerable construction sector.Lastly Cam ponders the impact of open banking on NZ.Cam can be contacted on cameron.muggeridge@loanmarket.co.nz, 027 687 5785 or google for him and the rest of the team at Loan Market Central. Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Send us a question/idea/opinion direct via text message!This week, off the back of the release of the latest Monthly Chart Pack, Nick and Kelvin discuss the stats of listings on the market, both for sale and for rent. There are so many factors to consider, including migration, investor regulations, local job markets and first home buyer activity and the truth is there's no easy explanation of why the markets are where they are currently at. The latest read of data can help though.Elsewhere there's REINZ latest release to pore over and a bunch of economic data, essentially reiterating the struggling economy.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Send us a question/idea/opinion direct via text message!5 days later and the OCR cut to 5.25% still feels like big news. Since the call from the RBNZ, Nick and Kelvin have both been out in the market gathering responses from the market and today Nick details some figures to help answer the question "how far do interest rates need to fall before the dent-to-income restrictions kick in?"Kelvin then takes us through the release of the CoreLogic Housing Affordability report for Q2 and plenty of macro-economic releases, including a few of the 'softer', but more frequent data series that the RBNZ are also paying closer attention to.This month's video is now on YouTube.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.