The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!There's plenty of property data and news to get into this week as Nick welcomes back Kelvin from a week away from the pod.The CoreLogic House Price Index showed further struggles for the housing market, particularly in Auckland, but perhaps the biggest news came from the Housing Minister who detailed the Government's 'Going for Growth' strategy which is all about improving the availability of land for more properties - going up and out. There's also filled jobs data providing insight on our softening labour market and dwelling consent figures illustrating the still-in-decline construction sector.And it's a big week coming up - OCR decision on Wednesday, which will come with a reactionary and guest podcast special. 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, Nick calls up Ed McKnight, Resident Economist at Opes Partners to discuss everything that's going on in the market right now. Nick and Ed talk through the couple of data releases from last week which are limited to ANZ's confidence survey data and RBNZ lending figures, but they provide plenty of fodder for conversation on the broader market dynamics. Why is confidence so low and where did the big jump in new lending come from?Being 1 July there are also a number of changes which affect the market from today, including the shortening of the Brightline test, introduction of DTI limits and loosening of LVR restrictions. Nick and Ed talk through all the implications of those changes as well as expectations for the OCR and interest rates. Throw in the news of Resimac ceasing new lending operations in NZ and you've got a broad AND deep analysis of the NZ mortgage market as well as an assessment of both investor and owner occupier prospects. Check out Ed's work and the team at Opes Partners at https://www.opespartners.co.nz/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!How real was the property value growth experienced at the end of 2023? Off the back of the CoreLogic housing chart pack release as well as the REINZ HPI for May, Nick and Kelvin question whether we're in a renewed downturn, or whether it's essentially same one as last year.Sounds a bit grim for homeowners and add in a still-struggling economy (despite GDP expansion in the first quarter of the year) plus a few isolated incidents (ferry running aground, Northland power tower down, air force plane being unreliable) and it appears a pretty bleak picture for Kiwi right now. In more promising news the Government's proposal to make it easier to add granny flats to existing properties sounds sensible, albeit unlikely a game changer. The monthly video is now live, give the extra podcasts last week a listen and keep an eye out for Kelvin's "thoughts from the road" coming this week. 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 Nigel Ho, owner of and mortgage advisor at Agile Financial Services in Christchurch.Nigel has a long and successful career in the financial services industry with a unique experience in helping new migrants understand their financial situation, especially how it applies to the possibility of buying a home in NZ.Nigel's recent interactions also include with Mum & Dad investors keen to test their ability to buy an investment property and Nick also asks about the potential impacts of the removal of the first home buyer grants.Nigel is a proud, parochial Cantabrian who knows his stuff, providing insight into the most important topics of conversations with clients which includes considerations of where to next for interest rates.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 GDP data for Q1.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!More property market data this week and with it more evidence of the stuttering recovery, to the point where the old 'dead cat bounce' conversation has reared its head. The latest CoreLogic Mapping the Market interactive report showing 221 of the 938 suburbs experiencing a drop in property values of at least 1%, including ten which fell by at least 5% over the three months to June.In other data releases from last week, net migration is growing but the rate of growth is slowing - particularly due to Kiwi leaving our shores. Aligning to the theme of slower growth, rental prices also follow the trend, and there'll be plenty of eyes on this week's GDP release for Q1 to see how the broader economy has performed.There's also RBNZ data about the fixed rate loan tenure people are choosing - why are people staying at the shorter end and what could it mean?Keep an eye out for the monthly chart pack and monthly video, both out this week.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 no external data releases to consume and interpret, this week it's all about CoreLogic data. Lead by the CoreLogic House Price Index for May, Nick and Kelvin discuss the results, in particular the recent decline in Auckland property values. Given the chance to go a bit deeper into the results, market drivers like listings, construction and buyer activity - thanks to Buyer Classification data for May - all help to paint the picture of what's driving (or not driving) the market right now and what could be in store for the rest of this year.Add in comparisons in value to the recent peak, the even-more-recent-trough and pre-COVID and you've got a statistics bonanza!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 audio is the recording of an in-person event, hosted by the Auckland Property Investors Association titled "The Elephant in the Housing Room: What the Experts See When the Rest of Us Aren't Looking".Moderated by Nick Goodall, Head of Research at CoreLogic NZ, featuring a panel of Opteon MD, Richard Vaughan, Chief Executive of the Property Council, Leonie Freeman and Chief Economist at CoreLogic NZ, Kelvin Davidson.This covers a number of topics that haven't generally got as much coverage as they deserve, such as the impacts of climate change on housing, the opportunity of build-to-rent, the difficulties of infrastructure investment and the generational changes which will have an influence over the next few decades.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 there's a lot of chat about lending. Following the RBNZ confirming the framework and timing of the debt-to-income (DTI) restrictions, coming 1 July, Kelvin gives and overview of the details as well as potential implications. Showing off his Nostradamus qualities this came hot on the heels of his own analysis of the latest lending stats in his 10 things to know about the mortgage market right now article.There's also a bit of chat about the Government's Budget 2024, though in truth it was pretty uneventful when it comes to housing implications - tax cuts and their potential impact on inflation being the main topic of conversation.Elsewhere there was filled jobs data, business confidence survey results and a bit of a quirk in the latest building consent figures. 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 Aaron Cooke, adviser from the award winning  Loan Market Highland Park Office.Aaron is a passionate and articulate advisor with his finger on the pulse of all things property. Today's discussion covers a myriad of topics - honing in on first home buyer mentality and behaviour, the impact of the 'transaction chain' slowing down activity, the state of the new build market and some great detail on the Council buy-out process following the flooding events of yester-year. All the topical influences are covered too - from the Reserve Bank's DTIs, to the removal of first home buyer grants and the market shift in favour of finance-qualified buyers.Plenty to chew over and as per usual we're always keen on your feedback so please get in touch.Give Aaron a googleSign 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.