Despite COVID, snap lockdowns and border closures, Aotearoa’s widespread residential real estate resilience rolled on unabated in 2021, ending the year with value growth recorded across the entire country.
The Reserve Bank’s November mortgage lending data showed banks remained busy towards the tail end of 2021. However, there are signs of an easing for low-deposit lending to owner-occupiers, and this will be a key trend to watch in 2022 as banks adjust to the new speed limit, Kelvin Davidson explores.
CoreLogic’s House Price Index (HPI) showed national property values rose 1.9% over December, a slight lift on November’s rate of growth (1.8%). The December reading closes out a record year for the Aotearoa property market, with 27.6% growth over the full calendar year exceeding the previous record of 24.4%...
Against a back drop of sharply rising home values, increasing mortgage and cash rates not to mention regulatory pressures and interventions, we release our annual Best of the Best 2021 report, the most comprehensive and significant analysis of residential property in the country. Read more to discover...
The signs that the total stock of listings on the market has embarked on a firm upwards trend are becoming much clearer. To be fair, across NZ as a whole, total supply is still relatively tight. But some key areas, such as Dunedin and Wellington, are loosening quickly. With unemployment still low and...
CoreLogic’s House Price Index (HPI) for November today showed nationwide values continued to increase. Nationally, property values were up 1.8% over the month, albeit at a slower rate than October (2.1%).
In advance of today’s official cash rate (OCR) decision from the Reserve Bank (RBNZ), analysts were able to be as certain of an increase as pretty much anytime in history. After all, inflation is well above target and employment very high (unemployment very low). The only conjecture was around whether the...
New Zealand’s property owners continued to achieve considerable gross profits from the resale of their home or investment property in the three months to September 2021 (Q3), largely due to low levels of supply on the market, high demand and attractive mortgage rates.
Dwelling consents running at record highs coupled with supply chain disruptions and a shortage of materials has resulted in a continued strength in construction cost rises. The Cordell Construction Cost Index (CCCI), formerly the Cordell Housing Index Price (CHIP), reveals a national increase of 1.6% in the...
New Zealand first home buyers have hit record high market share over the third quarter of 2021, despite tough market conditions and rapidly rising house prices. In the latest report we provide insight into what they’re buying, where they’re buying, and what prices they’re paying.
CoreLogic’s House Price Index for October showed nationwide values experienced the expected mini-bounce, with values up 2.1% over the month, the first time in six months that price growth accelerated.
Despite a ‘strange and distorted period for the NZ economy and property market’, the latest CoreLogic Property Market and Economic Update for Q3 2021 indicates that the market has peaked, with both sales activity and price growth set to ease further over the coming months.
We’ve rebuilt RPNZ’s search functionality to incorporate our cutting-edge ‘rapid search’ technology. From mid- August, it will be faster than ever to search for a property and get the information you need
According to NEMA, floods are NZ's number one hazard in terms of frequency, losses and declared civil defence emergencies. With events like those recently seen in Canterbury and the West Coast this rings true more than ever.
We have some great Esri web feature services available now and coming soon, including Greenfields, Addressing, Roads and Points of Interest data.
Thanks to our recent agreement with global technology pioneer Nearmap, we will soon be incorporating Nearmap imagery in Emap, providing you with even more of a current, and detailed view of New Zealand.
Do you want to better engage your clients? Integrating RPNZ into Property Hub is designed to help. If you’re a Mortgage Adviser with a PropertyHub account, right now you can try it out for free for two months.
Master Map offers a detailed view of New Zealand’s built landscape, with detailed information for individual properties as well as new developments, addressing, infrastructure and roads.
Insurers are placing new limitations on professional indemnity (PI) cover for property valuers. So what does this mean for the mortgage industry, and what are the options for valuation firms?
CoreLogic has launched Cordell Commercial Estimator, an innovative new commercial rebuild estimate calculator.
Trying to determine a sum insured for commercial building cover can be an expensive exercise at best…or an inaccurate guesstimate at worst. But with CoreLogic’s new Cordell Commercial Estimator, rebuild costs can be estimated quicker and easier than ever – creating a better experience for NZ insurers, brokers...
Data and artificial intelligence (AI) are playing a key role in transforming home loan originations. And the big winner could be the customer.
Leading independent property data and analytics provider CoreLogic International has acquired prop-tech firm AiRE, as part of its expansion across real estate technology solutions.
In an evolving regulatory environment, many lenders find it challenging to stay on top of growing compliance requirements. Managing their obligations often means redirecting valuable time, focus and resources away from other parts of the business, which can ultimately impact the customer experience.
The Intergovernmental Panel of Climate Change (IPCC) report couldn’t be clearer about the impact of climate change and the potential for an increase in extreme hazards. Attracting global attention, the report examines in detail the risks and implications of such hazards, identifying with “high certainty”...
Digitisation has already touched almost every aspect of our lives – from the ways we work and socialise to how we do our shopping and banking. It’s therefore no surprise that consumers expect a similar online experience when they set out on their home-buying journey.
CoreLogic research has revealed a disparity in property ownership rates between the sexes. The research suggests that women are less likely than men to own property, which can impact their overall financial wellbeing and their ability to afford a comfortable retirement. So what factors cause this gender...
CoreLogic New Zealand today announced its support of the New Zealand Government’s introduction of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill, which looks to formalise the reporting requirements around climate-related risks in the financial sector.
Some of Asia Pacific’s brightest minds in climate change risk management met today to discuss how the financial services industry can effectively identify, assess and manage climate-related risks.
CoreLogic International today announced the appointment of Simone Moors to lead New Zealand as Country Manager. A globally experienced, senior business leader in sales, client relationship management (enterprise and government), partnerships and marketing, Simone has worked across multiple industries...
Leading property data and analytics company CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures’ RealTechX program.
Today property data powerhouse, CoreLogic, announced it has joined forces with Munich Re, one of the world’s leading reinsurers, to offer the most comprehensive view of the impact of climate change to individual properties in Australia and New Zealand.