The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!This week Nick and Kelvin review the latest Corelogic Buyer Classification data for February. With investor activity remaining elevated, the discussion covers the rush before the return of the loan-to-valuation ratio limits as well as the potential of restrictions on interest only loans. A look across the Tasman may offer some insight into what impact the restrictions may have.From an economic perspective, the latest business confidence surveys show promise but there are reasons to be cautious in the lead up to the release of the Q4 GDP data. Kelvin covers this off, as well as the latest Stats NZ rental price index and what to expect when the latest migration data is released this week.Meanwhile Nick takes a look at the latest early market indicator data, with signs of a reduction in demand for mortgages alongside weak expectations for new listings in the wake of recent moves up the COVID alert levels. And don't forget to look out for the release of the Pain & Gain report for Q4 2020, out Tuesday morning.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!This week Nick and Kelvin review the Corelogic House Price Index release from last week. In general the results showed continued momentum in the market, however a blip in the Tauranga index raised questions on whether the expected slowdown is already upon us.Then Kelvin reviews the latest economic data releases, with a particular focus on the construction industry, followed by the regular check in on the immediate market health through the CoreLogic Early Market Indicators. And to round out the pod, the guys reference all the awesome content that has been produced to celebrate International Women's Day (8 March).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 this very special edition of the podcast we celebrate International Women's Day by profiling three very successful and influential female leaders in the property and banking industry.Nick welcomes Simone Moors, NZ Country Manager for CoreLogic, Debbie Mills, Tribe Lead for Home Ownership at ASB and Viv Gurrey, Chief Executive for the Property Institute of NZ.Simone, Debbie and Viv share their experiences of working in big businesses all around the world and how they've made their way back to NZ to lead businesses/divisions within the property and banking industry.There is a constant theme throughout the discussion about supporting people - through tailored banking needs, providing professional support, encouraging strong relationships in the industry and using data to make smarter decisions. They also provide their thoughts as to what the 2021 International Women's Day theme of 'Chose to Challenge' means to them.Check out all our International Women's Day coverage at corelogic.co.nz and get in touch with Nick on LinkedIn, twitter @NickGoodall_CL or send an email to nick.goodall@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!This week Nick and Kelvin discuss the big news of last week - that the Reserve Bank must take house prices into account when setting their policy. The RBNZ also released their first Monetary Policy Statement for the year, which Kelvin reviews and considers where-to for interest rates.The CoreLogic Affordability Report was released last week, illustrating the difficulty for first home buyers to get into the market. Kelvin provides a few high level insights but data for every city and town in the country is available in the report, which is which is free to download.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!This week Nick and Kelvin provide their take on the latest sales data for January, showing relatively low activity outside of Auckland.A key release this week is the CoreLogic Housing Affordability Report so Kelvin provides a preview of that ahead of the official release on Wed/Thur.There's also a bit more discussion around the reintroduction of the loan-to-value ratio restrictions as coverage of it in the media increases.Then, from an economic perspective the NZ Activity Index for January was unexpectedly weak, though still up compared to the previous year, while Kelvin also delves into the latest migration data, including a comparison with MIQ figures.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 the latest announcement of a move to alert level 3 in Auckland and 2 elsewhere, Nick and Kelvin cast their minds back to previous times this happened, using the early market indicators to help set expectations for the property market in the coming days.With a bit more time to digest the announcement by RBNZ to reinstate the loan-to-value ratio (LVR) restrictions, there's also plenty more data from 2016 to get a feel for what the market will do after 1 May 2021.Kelvin also chats about his latest article, analysing rental returns across the different value bands and Nick gives mention of the upcoming market updated being presented to Government clients at the RBNZ. Get in touch to be added to the invite list.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!A mid-podcast announcement from the RBNZ regarding the return of the LVR restrictions has Nick and Kelvin providing their 'live reaction'. With the proposed increase to 40% deposit requirement for investors from 1 May 2021 it aligns with most expectations and will likely lead to a slowing of property value growth from the middle of the year.Before then Kelvin makes mention of the surprisingly strong labour market figures for Q4 2020, as unemployment dropped to 4.9% (from 5.3% in Q3).There's also the Corelogic House Price Index data for January to cover, as well as the latest building consent data, foreign buyer stats and preliminary business confidence.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 Quarterly CoreLogic Property Market and Economic report, Kelvin and Nick (freshly back from holiday) muse the likelihood of the LVR limits returning to a 40% deposit requirement sooner rather than later, given strong recent investor activity.Kelvin then rounds up last week's economic releases - consumer confidence and filled jobs, before the regular analysis of the CoreLogic early market indicators, which indicate a continuation of strong demand against limited supply.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 Northland, Kelvin takes up the reins and outlines how the Early Market Indicators still point to a tight supply/demand balance over the next few weeks and months. Meanwhile, the latest net migration figures have remained low and slow, and perhaps a bit ‘boring’ – certainly, other factors such as low mortgage rates and FOMO are more important for the property market right now. Kelvin also discusses how CPI inflation was well-contained in Q4 2020 and that expectations for the official cash rate to go below zero have been pedalled back. The prospect of higher interest rates is still some way off, but does need to be kept in mind.It’s also good to see CoreLogic data powering up Stuff’s Affordability Dashboard, but unfortunately for aspiring first home buyers, raising the deposit is still difficult.Our Queenstown Pulse article also got some coverage last week, and outlines how the rebound in that part of the country is to do with supply & demand, and perhaps some ‘bargain hunting’ too.Finally, note that the LVR consulation is now closed, so Kelvin discusses some of the relevant issues.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!With REINZ releasing their sales statistics for December, Nick runs through the figures on sales volumes as well as the headline index results.Kelvin then delves into the latest economic releases, including strong jobs data, increasing rental figures and yet more dwellings being consented.This provides the back-drop for a discussion on the health of the economy, the state of the rental market (amid upcoming tenancy law changes) and potential for Government intervention.Nick also mentions the Stuff article covering the latest Buyer Classification data, showing continued strength in mortgaged investor activity.And as per usual a scan over the latest CoreLogic early market indicators provides insight into the short term health of both inventory 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.