The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!In this quick podcast Nick and Kelvin give their reaction to the just-released MPS and with it, a drop in the OCR.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 the Labour market stats covered off in the reactionary pod last week, Nick and Kelvin's minds turn quickly to the big release from the RBNZ this week, their Monetary Policy Statement.  There's has been plenty of speculation, criticism and advice about what to do but ultimately it's hard not to see the Bank being consistent with their plan to err on the side of caution and delay any loosening until inflation is truly under control, with concrete data to support it. In other news, the Pain & Gain report for Q2 reflected the market in retreat and first home buyers remain active in comparison to other buyers. Lastly, how lucky were the ABs and NZ Rugby that Olympic gold-medal fever took over to detract from a pretty woeful performance in front of a disappointing crowd in Wellington? Not that it bothered Nick and his son, in attendance, too much. 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 Michelle Isemonger, Adviser for Loan Market East, in Auckland.Michelle brings a youthful exuberance to being an advisor while drawing extensively from the successful experience around her.Nick and Michelle cover a lot in this chat, from first home buyer priorities to mover preferences, all the way to what's going on with interest rates and the basis for deciding how long to fix your mortgage.Plenty of regulatory chat in there too, from the shortening of Brightline test to all the CCCFA changes over the years, this discussion will give all listeners plenty of ammo when it comes to understanding and discussing the current housing market.Michelle can be contacted on michelle.isemonger@loanmarket.co.nz or google for her and Team Patton. 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!In this quick podcast Nick and Kelvin give their reaction to the just-released Labour Market stats for Q2.Nick reckons they're pretty 'meh' and Kelvin's take is that it probably reduces the chance of a cut to the OCR, as some bank economists have called for, next week. Recent volatility across global financial markets, particularly Japan, has thrown a bit of a spanner in the works, but ultimately we expect the RBNZ to hold the line in the MPS next Wednesday. Though they are likely to use the statement to reset expectations for inflation and monetary policy for the rest of the year.Things will then turn pretty quickly, to how many and how fast cuts are going to come, once the RBNZ primes the market for the first one.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!In exciting news for the CoreLogic Research team, and fellow housing data nerds, we've now got a brand new index to measuring housing value change over time!The launch of the CoreLogic hedonic Home Value Index firstly reported a further fall in property values in July, the fifth month in a row for the 'renewed downturn'. This brought with it plenty of discussion as to how to classify the weakness which then flowed on to some of the detail into the index itself - including what even is a hedonic regression index? Ultimately it's a better way to measure value over time. Nick and Kelvin cover off some of the detail, but there's plenty of technical documentation on the CoreLogic website, along with the weekly back series and plenty of FAQ to satisfy the data scientist and modelling analysts out there.In other property and macroeconomic news the latest filled jobs data offers a good preview of the official labour market stats out this week and Nick add a bit of 'actual new build' data to the reporting of building consents. Plus, business confidence data, RBNZ lending figures and a token nod to the ever-entertaining Olympics following a weekend where the guys' kids consider if they could be Olympic athletes in the trampoline or 100m sprint!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 the guys chat about June lending data from the Reserve Bank and improving consumer confidence data. There's always a bit below the surface to pay attention too so the quieter week for data allows for a deeper look into these data. Also, what's behind NZ townhouse boom? That's the question Kelvin posed as he delved into the Market Trends dataset to understand the impact on overall stock of all the townhouses we've been consenting and building, particularly in Auckland.Then a look ahead to the launch of the new Hedonic Home Value Index and plenty of other data coming your way. Lastly, Nick passes on some of the wisdom gained from Dominick Stephen's latest presentation - including a new term for the lads -"Slowbilisation".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!Following their own BSOD issues amid the CrowdStrike nightmare, the guys finally get a chance to catch up to review the week that was in the property market. As it turns out it was a good chance to take stock of the overall market, amid the release of the latest CoreLogic Monthly Chart Pack and monthly video. REINZ' latest data for June also provided an opportunity to assess the latest movements in Auckland and following the initial reactionary podcast, Nick and Kelvin wrap up the market response to the CPI inflation results for Q2. Upshot - interest rate cuts will be sooner.Lastly, and there'll be more to follow on this one, the new CoreLogic Hedonic Home Value Index was previewed in a webinar last week, ahead of go live on August 1, so keep a look out for that one.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!In this quick podcast Nick and Kelvin give their reaction to the just-released CPI data for Q2.Headline inflation is now just above the target band of 1-3% but there's plenty of detail and nuance to discuss. Most importantly, what will the RBNZ Monetary Policy make of it when they next meet on 14 August?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!Every week seems to be coming with a little bit more hope of relief for mortgage holders and this week is no different. Following the change in tone of the RBNZ's OCR statement last week, we can now add weak economic data in the form of the NZ Activity Index for June, migration turning negative and further weakness for the property market. The construction industry continues to go through tough times too, though at least from a consumers perspective this means the cost to build is decreasing - as the Cordell Cost Construction for Q2 illustrated.All up it's been a busy week of property data, including Reserve Bank data on the tenure of loans chosen by borrowers in May, rental price figures, CoreLogic Buyer Classification for June and hot off the press REINZ sales for June. Plus, Nick supplied RNZ with some data on 'accidental landlords'.That's it on a tough weekend for the English (rugby, football) and a good one for the Spanish (tennis, football, Sail GP)…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 Dan Bailey, Adviser for Loan Market Capital & Coast.Before Nick and Dan get into the advisor world, including Dan's experience of the current market, the three guys quickly review the just-released OCR review. In the review, the RBNZ held the rate at 5.5%, but notable softened their stance of the economic environment, increasing chances of a 'sooner than later' cut to the OCR.Dan has a long and successful career in banking and finance and with his knowledge of the Lower Hutt and Wellington markets in particular, he has great insight into the impact of regulation, government intervention and a costly new build market. Plenty of food for thought as we navigate a still-challenging and always intriguing property market.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.