News & Research

Monthly Property Market & Economic Update for December now available

21 December 2017

This monthly report created by the CoreLogic NZ Research Team covers the main economic factors that influence the housing market, and then looks at sales volumes, values, and active buyer types in both the national and main centre housing markets.

Some highlights of the December 2017 report:

  • Building consents issued in Auckland continue to trend upwards, but face the challenges of a construction industry sitting close to capacity.
  • Annual rental growth rose slightly in November to 3.9%, but has trended down since the start of 2017.
  • Value growth pockets of strength exist in Wellington and Dunedin - both saw values accelerate over 2.5% in past 3 months.
  • Total number of listings increased across New Zealand over the last month.
  • First home buyers are enjoying their moment in the sun, reaching their highest recorded share of sales in Christchurch (25.0%) and Dunedin (25.6%).

To download the full report click here

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