Showing 1-15 out of 84 results

House Price Index shows property values falling at fastest pace since the GFC
https://www.corelogic.co.nz/news-research/news/2022/house-price-index-shows-property-values-are-falling-at-fastest-pace-since-the-gfcCoreLogic's House Price Index (HPI) shows that the current market downturn became further entrenched in July. The national measure of property values fell a further -0.9% in July, taking the three month drop in values to -2.5%, the largest quarterly

Multiple challenges to test NZ’s declining market for rest of 2022
https://www.corelogic.co.nz/news-research/news/2022/multiple-challenges-to-test-nzs-declining-market-for-rest-of-2022The combination of sharply rising interest rates and the large wave of refinancing of existing mortgages that will occur over the next year is set to test the property market for the rest of 2022, CoreLogic NZ's latest Property Market & Economic

Construction costs rising at the fastest pace on record
https://www.corelogic.co.nz/news-research/news/2022/construction-costs-rising-at-the-fastest-pace-on-recordCoreLogic NZ's Cordell Construction Cost Index (CCCI) for Q2 2022 showed national residential construction cost pressures have continued to escalate, with both quarterly and annual rates of indexed growth reaching new record highs.CoreLogic NZ's

Addressing climate change, financial stability and property in New Zealand
https://www.corelogic.co.nz/news-research/news/2022/addressing-climate-change,-financial-stability-and-property-in-new-zealandAddressing climate change, financial stability and property in New Zealand. Climate Risk •. 14 Jul 2022. "Climate change presents a long-term risk to financial stability, with the physical impacts of climate change likely to increase” –

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-hikeThe 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

House Price Index: Downturn sets in with a hat-trick of -0.8% property value falls nationally
https://www.corelogic.co.nz/news-research/news/2022/house-price-index-downturn-sets-in-with-a-hat-trick-of-0.8-property-value-falls-nationallyCoreLogic's House Price Index (HPI), which is the most robust measure of property value change in the market, shows that the decline in property values has remained consistent with previous months.CoreLogic's House Price Index (HPI), which is the

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

Half of New Zealand suburbs now declining in value
https://www.corelogic.co.nz/news-research/news/2022/half-of-new-zealand-suburbs-now-declining-in-valueEvidence of Aotearoa's housing market downturn is becoming more widespread, with 486 suburbs recording a fall in prices over the past three months, almost double the 246 suburbs that fell in value in the preceding three-month period.

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

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-2003Since 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%.

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

House Price Index
https://www.corelogic.co.nz/news-research/reports/house-price-indexThe CoreLogic House Price Index (HPI) is the most robust measure of property value change in the market.The CoreLogic House Price Index (HPI) provides a reliable indication of property value movement throughout New Zealand, offering an understanding

CoreLogic HPI: Widespread fall in NZ house prices continues
https://www.corelogic.co.nz/news-research/news/2022/corelogic-hpi-widespread-fall-in-nz-house-prices-continuesCoreLogic's House Price Index (HPI) shows that the downwards momentum in NZ residential real estate values continued throughout May 2022. With housing credit tight and getting more expensive by the week, this trend towards weaker housing market

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-gullyWhen 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

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-marketAfter 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,