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High inflation and full employment mean inevitable cash rate hike

High inflation and full employment mean inevitable cash rate hike

https://www.corelogic.co.nz/news-research/news/2022/high-inflation-and-full-employment-mean-inevitable-cash-rate-hike

The Reserve Bank duly delivered another 0.5% rise in the official cash rate (OCR) today, as had been widely expected, taking it to 2.5%. This is the highest OCR level in more than six years when it was cut from 2.5% to 2.25% on 10 March 2016. With

Kelvin Davidson

13 Jul 2022

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A temporary respite for low deposit borrowers?

A temporary respite for low deposit borrowers?

https://www.corelogic.co.nz/news-research/news/2022/a-temporary-respite-for-low-deposit-borrowers

The latest Reserve Bank mortgage lending data shows overall activity remains subdued, with interest-only lending drifting lower, albeit there has been a bit of a respite for new low-deposit borrowers in the past few months.The latest Reserve Bank

Kelvin Davidson

29 Jun 2022

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Equity is a rising factor for property buyers

Equity is a rising factor for property buyers

https://www.corelogic.co.nz/news-research/news/2022/equity-is-a-rising-factor-for-property-buyers

CoreLogic's Buyer Classification data for May shows some fairly stable patterns for first home buyers (FHBs) and mortgaged multiple property owners (MPOs), a slight dip for movers, but an increased market share for cash MPOs. In the current

Kelvin Davidson

15 Jun 2022

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New Zealand property values up by almost 300% since 2003

New Zealand property values up by almost 300% since 2003

https://www.corelogic.co.nz/news-research/news/2022/new-zealand-property-values-up-by-almost-300-since-2003

Since December 2003 (i.e. almost 20 years ago), the national average property value has risen from $263,562 to $1,027,121 - an increase of $763,559, or a cumulative 290%. That represents an annual average increase per year of around 7.5%.

Kelvin Davidson

8 Jun 2022

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Current investor landscape: a focus on high yields?

Current investor landscape: a focus on high yields?

https://www.corelogic.co.nz/news-research/news/2022/current-investor-landscape-a-focus-on-high-yields

In this Market Pulse, Chief Property Economist Kelvin Davidson explores  the importance of  higher yields for property investors, looking at where those yields are and which property types might look the most appealing.Over the next fe

Kelvin Davidson

8 Jun 2022

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Has there been a clear effect on property values from Transmission Gully?

Has there been a clear effect on property values from Transmission Gully?

https://www.corelogic.co.nz/news-research/news/2022/has-there-been-a-clear-effect-on-property-values-from-transmission-gully

When it comes to major new infrastructure projects there is always a lot of discussion about the potential spillover benefits for property owners in the vicinity, as more locations become better connected to city centres and employment hubs. And the

Kelvin Davidson

26 May 2022

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Higher OCR will keep the pressure on the housing market

Higher OCR will keep the pressure on the housing market

https://www.corelogic.co.nz/news-research/news/2022/higher-ocr-will-keep-the-pressure-on-the-housing-market

After the knife-edge decision in April about whether to raise the official cash rate (OCR) by 0.25% or 0.5%, today's decision was clearer cut. The 0.5% increase that was duly delivered took the OCR back to 2%, a level not seen since November 2016,

Kelvin Davidson

25 May 2022

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A Short Look Back At Past Property Cycles

A Short Look Back At Past Property Cycles

https://www.corelogic.co.nz/news-research/news/archive/a-short-look-back-at-past-property-cycles

Some of the main centres have seen small falls in property values over the past few months, but there's no reason to think that these drops will become more significant or sustained.Some of the main centres have seen small falls in property values

Kelvin Davidson

22 May 2022

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Record high dwelling consents add further strain to rising construction costs

Record high dwelling consents add further strain to rising construction costs

https://www.corelogic.co.nz/news-research/news/archive/record-high-dwelling-consents-add-further-strain-rising-construction-costs

A surge in new building consents is piling extra pressure on New Zealand's construction industry, which is already under considerable strain due to supply chain disruptions and severe labour shortages.A surge in new building consents is piling extra

Kelvin Davidson

19 Apr 2022

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Reserve Bank goes big and mortgage rates have further to rise

Reserve Bank goes big and mortgage rates have further to rise

https://www.corelogic.co.nz/news-research/news/archive/reserve-bank-goes-big-mortgage-rates-have-further-rise

There was never any doubt that the official cash rate (OCR) would be increased today. The only uncertainty was how big the rise would be, and in the end the Reserve Bank opted for the ‘shock factor' of a 0.5% increase, taking the OCR to 1.5% - its

Kelvin Davidson

13 Apr 2022

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Market Pulse: Debt-backed buyers are really starting to struggle

Market Pulse: Debt-backed buyers are really starting to struggle

https://www.corelogic.co.nz/news-research/news/archive/market-pulse-debt-backed-buyers-really-starting-struggle

Our latest Buyer Classification figures highlight what you might call a ‘debt vs equity' split in the market, with mortgaged investors and first home buyers seeing low/falling shares of property purchases, but cash investors and movers having a

Kelvin Davidson

12 Apr 2022

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Females own fewer investment properties than males, but dominate the ‘units' sector

Females own fewer investment properties than males, but dominate the ‘units' sector

https://www.corelogic.co.nz/news-research/news/archive/females-own-fewer-investment-properties-than-males,-but-dominate-the-units-sector

The annual CoreLogic Women and Property Report has just been released and as always there are some fascinating insights.The annual CoreLogic Women and Property Report has just been released and as always there are some fascinating insights.

Kelvin Davidson

5 Apr 2022

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It's still tough out there for a first home buyer to get a mortgage

It's still tough out there for a first home buyer to get a mortgage

https://www.corelogic.co.nz/news-research/news/archive/still-tough-out-there-for-first-home-buyer-to-get-mortgage

If you're looking for one part of the housing market jigsaw to really keep an eye on this year, you wouldn't go too far wrong with the mortgage sector. With interest rates higher, regulatory pressures still in force, and a large number of borrowers

Kelvin Davidson

28 Mar 2022

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Equity could be king this year

Equity could be king this year

https://www.corelogic.co.nz/news-research/news/archive/equity-could-be-king-this-year

Most observers of NZ's housing market will be fully aware that an abrupt change is underway, with poor affordability, higher mortgage rates, and tighter credit availability all weighing on property sales volumes (giving total listings a chance to

Kelvin Davidson

28 Mar 2022

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What the cash rate increase means for the property market

What the cash rate increase means for the property market

https://www.corelogic.co.nz/news-research/news/archive/what-the-cash-rate-increase-means-for-the-property-market

It's been three months since the Reserve Bank last made an official cash rate (OCR) call, and as per usual, a lot has happened in that time. In particular, with annual inflation rising to 5.9% and the unemployment rate dropping to 3.2%, the case for

Kelvin Davidson

23 Feb 2022

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