The move by the Reserve Bank to reduce the share of owner-occupiers that can get a mortgage with less than a 20% deposit will hit first home buyers pretty hard – they’ve been the ones taking the most advantage of the current rules. In this article Kelvin Davidson explores what this means for first home buyers...
CoreLogic’s Cordell Housing Index Price has revealed residential construction costs surged 2.2% in the June quarter, the largest increase recorded since the Cordell Building Indices began in 2012, and surpassing the previous peak of 1.9% in Q2 2017.
In this discussion, CoreLogic NZ Head of Product Tom Coad chats to David Cunningham of The Co-operative Bank and James Brown of Fintech NZ about future-proofing success in the banking and finance industry with digital and capitalising on the accelerated digital use throughout the COVID-19 pandemic.
Following the activity and heightened interest in and around the national housing market, CoreLogic NZ has – for the first time – created a mid-year Best of the Best review. This halfway-point analysis takes a detailed look at suburb-level property data, and reveals the market upswing has not been Auckland or...
Across the main centres, the trade-up premium (gap in value between three and four bedroom properties) is at least $150,000 or so, and more than $400,000 in central Auckland.
According to the CoreLogic House Price Index (HPI), nationwide values increased by a further 2.2% over May. This is a slight reduction on the 3.1% growth rate witnessed over April.
Our latest First Home Buyer Report indicates that Government intervention with tax policy changes to cool the residential investor market likely came at the right moment for first home buyers* (FHBs).
Housing construction costs surged 1.3% over Q1 2021, according to CoreLogic’s Cordell Housing Index Price (CHIP).
According to the CoreLogic House Price Index (HPI), which is the most complete and robust measure of property value change in the market, nationwide values increased by a further 3.1% over April.
March was another bumper month for mortgage lending activity, but the tighter loan to value ratio rules from 1st March (and effectively prior to that because of banks’ own actions) have already significantly curtailed the low-deposit investor flows, as would be expected. On top of that, the Government has of...
The CoreLogic Property Market & Economic Report for Q1 2021 reinforced the heated market conditions which led to the Government’s recent housing policy announcement.