The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!This week, Nick is back from holiday to recap a busy past week as well as upcoming one when it comes to data and information relating to the property market.Hot off producing the flagship CoreLogic Quarterly Property Market and Economic Update, which is absolutely free to download, Kelvin gives a quick summary of the state of the market prior to the Government's housing announcement on March 23.There's also plenty of macro-economic data to recap, including lending data from the RBNZ, filled jobs data from Stats NZ and surveyed confidence data from ANZ.Plus of course, a review of the latest CoreLogic Early Market Indicators, which shows a minor drop in demand for property, but nothing to intimate falling values are on the horizon.There's plenty coming up as well, so settle in for your weekly summary of everything property.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 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 Nick away on leave in Southland (last time it was Northland; he loves the extremes of the country!), Kelvin takes up the reins and in lieu of much data being released over the past week, he looks ahead to upcoming releases. After running through filled jobs and both business and consumer confidence, the discussion is about the mortgage lending figures for March – they’re likely to be strong, but more interest will be around the breakdown by LVR and by interest-only vs principal repayment.Kelvin then loosely ‘myth busts’ about whether selling in Autumn/Winter is better or worse for vendors than Spring/Summer, and whether rising prices truly are ‘good’ for owner-occupiers. The Pulse article referred to can be read here: https://www.corelogic.co.nz/news/fatigued-first-home-buyers-likely-increase-focus-existing-properties 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 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 special episode Richard Deakin chats with Dr Georgia McGregor, CoreLogic's in-house construction data expert. Georgia has a fascinating background, having completed an Honours thesis on extraterrestrial architecture, followed by a PhD focussed on architecture in video games. She talks us through her studies, and their relevance to her current role as construction data expert within CoreLogic's Cordell costings team. Georgia then touches on what it's like being a women in the building industry, her view on the sector's outlook, as well as similarities and differences between the New Zealand and Australian construction markets. As part of the team  responsible for maintaining and updating our market-leading costings database, which powers a number of solutions including Cordell Sum Sure and Cordell Commercial Estimator, Georgia also provides insight into how this data is kept up-to-date, as well talking about some of the trickier costings problems they have recently had to solve, including working out how much a commercial building weighs!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!Firstly, apologies if the audio isn't perfect this week, we appeared to have a few connection issues while recording.Coming off the back of a big week of data releases, Nick and Kelvin recap the key features of each release.Of particular note is the Reserve Bank's update following the Official Cash Rate (OCR) review, as well as the latest NZ Activity Index (NZAC) for March. Meanwhile REINZ also released their March statistics.Stats NZ published the latest version of their rental price index which is of great interest, following the increased coverage of potential flow on impacts to tenants from the March 23 Government announcement regarding interest deductibility for property investors. This sparks a review of the different datasets tracking rents around the country.Lastly, a quick review of the CoreLogic Early Market Indicators shows steady demand alongside slowing supply, intimating no major reaction from the market just yet.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 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 a heap of data being released this week, Kelvin and Nick take the opportunity to look ahead and not back. Kelvin details what to expect with the RBNZ OCR decision on Wednesday, with CoreLogic Buyer Classification data for March helping to set the scene.From an economic perspective there's also migration data to be released, as well as the NZ Activity Index, measuring economic activity. Plus Kelvin gives praise to the RBNZ banking dashboard and the data he'll be checking for when it's updated this week.Nick gives the usual warning about not giving too much weight to the change in median sales price measure which will likely feature heavily in the REINZ release for March. And there's also a bit of detail on the different measures out there on rental prices.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 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 a special guest podcast, Nick is joined by Ed McKnight, resident economist at Opes Partners.Ed talks in detail about how the latest Government announced changes are affecting investors strategies and plans for investing in property. 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!The analysis of the potential impact of the removal of interest deductability for property investors continues with a data-focussed look into the immediate cost increase facing current owners. As Nick explains, it should be relatively limited in the short term.Part of the reason is due to the exceptional growth in the market, expecially in the last year or two. And as Nick mentions, according to the latest CoreLogic house price index results, the growth is evident across the country.Kelvin then reviews the latest RBNZ data releases, including the end of the mortgage deferral program and some startling stats on recent debt-to-income figuires for first home buyers in particular. This leads to plenty of discussion on the future and potential risk of increased interest rates on the state of the market.Then, in yet another jam-packed episode Kelvin covers off the latest confidence data as well as Stats NZ releases on filled jobs and building consents, before Nick rounds the pod out with a quick look at the early market indicators for upcoming supply 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 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 almost a week to digest the big announcement from the Labour Government last week, Nick and Kelvin round up their thoughts and feedback from their recent travels presenting to clients.An immediate look to the future includes reviewing the latest early market indicators data to see any intitial reaction from potential vendors/buyers.Plus the latest Mapping the Market visualisation has been updated and it has proven very popular this time around.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 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 a special edition, reactionary pod, Nick and Kelvin cover off the big announcement made by the Government on Tuesday 23 March 2021. The changes announced are as follows:Remove interest deductibility for new investors immediately, and for existing owners phased to 2025 – new builds to be exemptExtend Brightline Test to 10 years – new builds exempt from the extensionRaise income and price caps for FHB assistance$3.8bn fund to help bring forward infrastructureExtension of the Apprenticeship Boost initiative by four months, to further support trades and trades training.Nick and Kelvin discuss the ins and outs of the changes as well as their likely impact (or not) on the housing market.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 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!Off the back of the latest CoreLogic Buyer Classification data, showing further strengtth in investor activity, Nick and Kelvin have a wide ranging discussion about the potential of further restrictions on their activity, especially on interest only lending. There's a lot to consider, including a look across the Tasman to what happened when they restricted these loan types, as well as a stock take of the current state of play here in NZ.All eyes and ears are therefore on the Government's announcement in regards to addressing demand for property, expected this week - perhaps taking both a carrot and stick approach.Kelvin also gives his take on the disappointing GDP figures for Q4 and Nick briefly covers the latest early market activity data.The monthly video is now live on youtube.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 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.