217 results found:
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- Asset Name: 5 Ways Comprehensive Property Data Helps Inform Lending Strategies
- Overview Text: In today’s competitive landscape, preliminary data sets are not enough. Lenders need a holistic view of New Zealand’s mortgage market, to properly assess market share, peer-to-peer comparisons and geographical breakdown of vital buying and selling data.
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- Asset Name: Valuations in uncertain times
- Overview Text: During periods of market instability, valuations are critical for property and the banking industry. Valuers now face the challenge of navigating uncertainty and supporting the needs of lenders now and in the future.
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- Asset Name: Opinion: New Zealand LVRs not likely to be loosened this year
- Overview Text: Early this year I was quoted in an article that explored how the country’s housing market might change if the current ‘artificial’ restrictions were taken off. It was a purely hypothetical scenario musing over the removal of the many handbrakes introduced in recent years including the Foreign Buyer Ban and loan-to-value ratio (LVR) rules.
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- Asset Name: Property downturn deepens, but important differences remain to GFC
- Overview Text: Decade-low sales volumes and fast-falling home values have deepened the housing market decline however some key dissimilarities between the GFC-induced downturn and today’s exist, CoreLogic NZ’s Q3 Property Market & Economic Update reveals.
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- Asset Name: Resale performance still solid, but weakening trend is clear
- Overview Text: The resale performance of residential real estate has continued to deteriorate, as the wider property downturn affects the ability of vendors to sell above their purchase price, CoreLogic NZ’s latest Pain & Gain report shows.
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- Asset Name: One-year fixed mortgage rates of 7% or more on the cards
- Overview Text: Given the evidence that inflation is proving tougher to stamp out than was previously expected, it doesn’t come as much surprise the Reserve Bank of New Zealand (RBNZ) opted for a ‘jumbo’ 0.75% increase in the official cash rate (OCR) today, lifting it to 4.25%.
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- Asset Name: High mortgage rates and recession – a bad combination for property
- Overview Text: The RBNZ’s final Monetary Policy Statement (MPS) for 2022 surprised many due to their indication the country’s economic outlook is worse than previously anticipated. The RBNZ now firmly expects a mild recession in 2023, which is ‘required’ to start to bring inflation down from the second half of 2023. Kelvin Davidson explores what else the MPS outlined, the implications for the property market, and what we should be watching for next.
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- Asset Name: Tough conditions for new investment purchases
- Overview Text: Mortgaged multiple property owners (MPOs, including investors) have been in the firing line lately, as Government/Reserve Bank regulation has ramped up, and the simple economics of being a landlord have also turned against them.
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- Asset Name: New Zealand's Q4 CPI figure steady, but still high
- Overview Text: Today’s Stats NZ figures showed that inflation on the consumer price index (CPI) was unchanged in Q4, remaining at 7.2%. Categories such as food, rent, and building a new house were key contributors to the Q4 inflation figure.
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- Asset Name: No reprieve for persistent property price falls
- Overview Text: Aotearoa New Zealand’s housing market downturn continues to roll on, with CoreLogic’s House Price Index (HPI) recording a 0.3% fall in January, the 10th consecutive month of decline.
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- Asset Name: We may not see a property investor comeback for a while yet
- Overview Text: There’s been an increasing number of hurdles placed in front of property investors in the past couple of years. With weaker market conditions I thought it was a good time to check in on the fundamentals to see whether it will be enough for property investors to jump back into action.
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- Asset Name: How Agents are using data to navigate a challenging market
- Overview Text: Since the peak for property values in March 2022 the real estate market across New Zealand has grown increasingly more challenging for real estate agents who have been faced with longer sales periods and reduced buyer confidence due to increasing interest rates.
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- Asset Name: Interest rate hikes wipe out housing affordability gains
- Overview Text: Housing has become more affordable on some measures, but due to continued rate rises, mortgage repayments are still eating up a big chunk of people’s income, according to the latest CoreLogic Housing Affordability Report.
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- Asset Name: Reserve Bank stick to their guns in fight against inflation
- Overview Text: Given the (slowly) emerging evidence that inflation has peaked and that the economy is now starting to soften, it wasn’t a surprise to see the Reserve Bank opt for ‘only’ a 0.5% rise in the official cash rate (OCR) today, rather than the potential 0.75% increase.
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- Asset Name: When will movers return to the market?
- Overview Text: Relocating owner-occupiers, or ‘movers’, have been relatively inactive over the past year or so, with upsizing, downsizing, and ‘new to area’ moves all drifting lower.
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- Asset Name: Reserve Bank still taking a tough inflationary stance
- Overview Text: Today’s 0.5% increase to the official cash rate (OCR) was larger than many commentators (myself included) had been anticipating, but it reflects the Reserve Bank’s (RBNZ) continued concerns about inflation.
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- Asset Name: House prices still falling, but at a slower rate
- Overview Text: The downturn in New Zealand’s property market continued in April, with average values down by another 0.6%, CoreLogic’s monthly House Price Index (HPI) shows.
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- Asset Name: Property resale losses at seven-year high
- Overview Text: Continued falls in New Zealand home values have led to the highest portion of properties being resold for a gross loss since 2016.
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- Asset Name: RBNZ stays the course, OCR up to 5.5%
- Overview Text: Today’s 0.25% increase to the official cash rate (OCR) was fully in line with expectations, given inflation itself slowed in Q1 this year.
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- Asset Name: Home sales record first annual increase in two years
- Overview Text: Property transaction volumes have turned a corner, after consecutive interest rate hikes and tighter lending rules caused two years of softer sales and triggered New Zealand’s largest sales slump since 1983.
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- Asset Name: Trade-up premium falls creating opportunity for upsizers
- Overview Text: The continued downturn in property values over the past year has seen the gap in median values between three and four-bedroom homes shrink in most parts of the country. Kelvin Davidson explores the ‘trade-up premium’ and where you may be able to upsize for less than last year.
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- Asset Name: One year of OCR increases, with more to come
- Overview Text: The Reserve Bank of NZ delivered another widely anticipated 0.5% increase in the official cash rate (OCR) today, taking it to 3.5% – the highest level since June 2015 when they lowered it from 3.5% to 3.25%.
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- Asset Name: Construction costs continue to rise, but peak growth may be nearing
- Overview Text: CoreLogic NZ’s Cordell Construction Cost Index (CCCI) for Q3 2022 showed further acceleration in the rate of indexed growth in national residential construction costs, with both the quarterly and annual measures surpassing the previous records set just last quarter.
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- Asset Name: Monthly Housing Chart Pack - August 2023
- Overview Text: Each month the CoreLogic Research team puts together a Housing Chart Pack, with all the latest stats, facts and figures on the residential property market, such as the combined value of residential real estate, sales and listings, buyer classification, rents, credit conditions and more.
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- Asset Name: Property prices rise in 30% of NZ suburbs since June
- Overview Text: Signs of a turning point in Aotearoa New Zealand’s property market are on the rise as a growing number of suburbs record an increase in home values over the past three months.
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- Asset Name: Rising sales and low new listings will tighten buyer choice
- Overview Text: As property transactions continue to rise against a backdrop of still-low new listings hitting the market, sellers may slowly gain an upper hand as available stock shrinks to the lowest levels in over a year in most markets.
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- Asset Name: Home values rise 0.7% in November
- Overview Text: Hot on the heels of October's 0.4% rise in property values, the CoreLogic House Price Index shows another rise in November, of 0.7%.
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- Asset Name: Unlocking Real Estate Success: Using SMS to overcome contact disengagement
- Overview Text: Did you know that 97.5% of contacts in agency CRMs haven’t had a connected phone call in the last 12 months?*That means there is a wealth of potential vendors already existing in your CRM which haven’t been tapped in to. With time constraints and being constantly on the move, it is challenging to stay connected with clients, which in turn can hinder your prospecting efforts and result in missed opportunities. But what if there was a solution?
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- Asset Name: ‘Mums and Dads’ set for a come back?
- Overview Text: In today's Market Pulse, Chief Property Economist Kelvin Davidson analyses the shift in investor's property purchasing activity.
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- Asset Name: House prices begin to rise, but recovery set to remain slow
- Overview Text: After remaining flat in September, CoreLogic’s national House Price Index (HPI) posted the first rise in property values since March 2022, up 0.4% in October and 0.1% higher over the past three months.
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- Asset Name: First home buyers hit record high 27% market share
- Overview Text: Despite stretched affordability, high interest rates, and cost of living pressures, first home buyers (FHBs) in New Zealand continue to lead the market in purchasing activity, highlighting the continued strong appeal of having a 'foot on the ladder'.
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- Asset Name: Nine out of 10 properties still selling for a profit
- Overview Text: A turnaround in wider housing market conditions has led the portion of profitable property resales to almost stablise in Q3, after falling by almost seven percentage points in less than two years.
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- Asset Name: New Zealand rents surge 6.1% in the past year
- Overview Text: Rental growth is running at historically high levels, hitting 6.1% in the year to October, roughly double the long-term average growth rate of 3.2%, CoreLogic NZ’s Monthly Housing Chart Pack shows.
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- Asset Name: Supporting Pepper Money in streamlining mortgage origination
- Overview Text: Pepper Money's vision is to help more Kiwis achieve their home ownership goals. To do this, they leverage CoreLogic’s innovative digital mortgage solutions, helping them make fast, confident lending decisions, and provide a smooth and stress-free experience for their advisers and customers.
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- Asset Name: Soft start to 2024 extends into February
- Overview Text: National home values rose 0.3% in February, continuing the decelerating trend seen since December, CoreLogic's House Price Index shows.
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- Asset Name: 10 things to know about mortgage debt right now
- Overview Text: In today's Market Pulse, Chief Property Economist Kelvin Davidson dives into lending activity and shares 10 key insights about mortgage debt across the country.
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- Asset Name: Housing upturn broadens, but underwhelming 2024 beckons
- Overview Text: The CoreLogic NZ December Housing Chart Pack shows that national property values rose by 0.7% in November, marking the second monthly increase as the residential market cycles into its 'next phase'.
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- Asset Name: First home buyer market share sets new record
- Overview Text: Interest rate hikes and turbulent property market conditions through 2023 did little to deter first home buyers (FHB), whose market share hit a new record high at 27% in the final months of the year.
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- Asset Name: Property values rise 0.4% to kick off 2024
- Overview Text: The CoreLogic House Price Index rose for the fourth month in a row in January, although the 0.4% increase was a deceleration in the pace of gains on both November (0.7%) and December (1.0%).
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- Asset Name: Kiwi households face ongoing affordability squeeze
- Overview Text: Housing affordability has improved in NZ since late 2021, but it remains stretched, and recent house price rises as well as high interest rates continue to add strain on Kiwi households, according to the latest CoreLogic Housing Affordability Report.
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