The RBNZ led the way with the surprises in the last month – starting with the big OCR cut, but adding in debt to income reporting as well. Sales volumes in July also caught us by surprise – check out this months’ video to catch the detail.
Watch the CoreLogic Monthly Property & Economic Update for August 2019
Generally speaking, the parts of the country that have had a strong flow of listings over the past year have had muted value growth, including Te Kauwhata and Pokeno, both in the Waikato District.
Within Auckland, the CoreLogic Suburb Scorecard shows that Kumeu and Long Bay have had the highest shares (more than one in every five) of their housing stock listed for sale over the past year, and this choice for buyers will have been one factor behind falling property values in those areas.
After a lull in August, mortgage lending activity rebounded strongly in September – again driven by owner-occupiers, but this time with investors also showing signs of life. The figures suggest that the easing of the interest rates used for banks’ internal serviceability tests in late August has had an...