The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!After a round up of the MPS and removal of first home buyer grants, as first covered in last week's reactionary pod, Nick and Kelvin discuss the potential re-emergence of movers (thanks to the monthly chart pack).It's definitely too early to call it a trend just yet, but the settings are there for those that would have liked to have moved in the past few years to now get out and do it (affordability calculations pending!).Kelvin also reports on consumers being a little 'less unhappy', but importantly feeling the easing of price pressures, while the latest RBNZ lending data is the topic of conversation for Kelvin's Property Market Pulse this week.Looking ahead plenty of focus will be on the Government budget (2pm Thursday) though we don't think there'll be much new for the housing market that hasn't already been released (FHB grants, bright-line, interest deductibility). 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 been a busy day for property news, and in this shorter, reactionary episode, Nick and Kelvin first discuss the Reserve Bank's tough-talking monetary policy statement, then quickly cover off the announcement that first home grants have been canned.In a nutshell, inflation is still a problem, and OCR cuts seem off the table until 2025 - meaning 'higher for longer' mortgage rates too.Regarding first home grants, the decision will be disappointing for some would-be first home buyers (FHBs), but there are still lots of other factors in their favour, and the market still looks generally positive in the next little while for FHBs.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!Still pretty fresh from the incredible game, but disappointing result, from the Phoenix on the weekend, Nick gets it all off his chest early to then refocus ahead of a big week for the property market with the RBNZ Monetary Policy Committee meeting on Wednesday. It comes as the range of economic data recently released is a bit mixed. Migration is slowing, but still high, rental growth is also slowing but the economy is showing further signs of resilience. From a property market perspective - most recent data has been decidedly weak - particularly the HPI from REINZ, causing a rethink to Nick's 2024 expectation and consideration of just how underwhelming 2024 could actually be.The full Pain & Gain report for Q1 is available on the CoreLogic website and the monthly chart pack will be up soon, as will the monthly video on the Youtube channel.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 we check back to see what first home buyers have been up to, including detailing our Q1 First Home Buyer Report and April's buyer classification data.Kelvin also details the stats of how long borrowers are fixing for, showing the short term is still favoured, though borrowers should definitely do some forward projections of what they're expecting or hoping for when the rate comes up next.Then, it's a look ahead to busy week ahead, which includes a special live podcast event, hosted by the Auckland Property Investors Association on Tuesday 14 May. Use the code NICKANDKEL to get your free tickets.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!After the short reactionary pod for both the RBNZ Financial Stability Review (FSR), which was pretty stock-standard, and the Q1 labour market stats - which were a little more interesting, this week's pod is shorter than it otherwise would have been. First topic of conversation is the latest CoreLogic House Price Index (HPI) data, which provided further more compelling evidence of a struggling housing market, particularly in Auckland (to Nick's surprise). With more time to digest the labour market stats, Nick then states the potential impact it might have on the OCR later in the year before Kelvin rounds up the underwhelming business confidence survey insights and building consents data. And what of Capital Economics' prediction for the Cash Rate in Aussie to see another lift this month? If true what does it say for the RBNZ's approach to "higher, sooner, faster and for longer", when it comes to the OCR here in 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!Hot off the press, Nick and (a travelling) Kelvin catch up to quickly give their take on the just-released Financial Stability Report (FSR) from the Reserve Bank and official Labour Market stats for Q1 2024 from Stats 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!One for the hopeful first home buyersIn this guest special, Nick speaks to Geri Fraser and Heiko Jonkers from Westpac. Geri is the Product lead for Housing and Heiko the Social and Affordable Housing Guru!The main topics of interest discuss are the shared equity and leasehold options which are often misunderstood or simply not known about. Listen in to hear about what these options are and how Westpac have dedicated considerable commitment to ensure more New Zealanders can take that first step into the housing market. This includes understanding the international experiences and lessons learned to bring unique opportunities to life and how local councils, Government agencies and Iwi provide support for those prospective buyers to make their first purchase a reality.As always the key is to speak to someone in the know and the Westpac first home loans page is a great start with plenty of passionate mobile mortgage managers keen to pass on their knowledge and help navigate what is so often a daunting process and huge life 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!There’s always plenty to talk about in the property market, but this week’s discussion basically sets the scene for a big week of data and announcements which could potentially mean a meaty pod next Monday!The guys start by discussing the latest Buyer Classification data, which showed that first home buyers (FHBs) remained a key presence in March, and that also ties in to the latest mortgage lending figures from the Reserve Bank. Low deposit lending remains relatively restricted – certainly well under the maximum speed limits – but FHBs are still making good use of the system.Attention then turns to the next few days …. CoreLogic House Price Index for April set to go public on Wednesday, just before the Financial Stability Report at 9am the same day, and the Q1 labour market figures at 10:45. Could the FSR finally detail the rules for debt to income ratio caps? On the labour market, the unemployment rate has probably risen further in Q1, but it might be about more labour supply, rather than mass job losses.There's some great stuff in this week's episode, but also brace yourselves for a lot to talk about next 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!Despite last week's well-received reactionary pod to the latest CPI inflation data, Nick and Kelvin can't help but dig a bit deeper into the data to get a steer on where things, in particular the OCR, are going. Other topics this week include the CoreLogic monthly chart pack, which focussed on borrowers preference to fix their mortgages short as well as the patchy nature of this recovery. That patchiness, and arguably weakness was backed up by the release of the REINZ index and sales tracking. On the flip side of all the negativity, Kelvin reports that early calcs from the NZAC indicate we may have re-exited the recession, but we all know high net migration (new data on that front too) has a large part to play in that too.Lastly, there's a mention of the CCCFA announcement - not much detail to analyse and even less impact likely, due to high interest rates being the key constraint on funding lines right now. Check out the monthly video and Kelvin's appearance on Tova O'Brien's Stuff podcast.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 inflation 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.