News & Research

Multiple property owners with a mortgage accounted for 25% of property purchases in April, continuing their gradual return from a lull in late 2017 and early 2018. Given timing issues, this cannot have been a bounce-back from capital gains tax-related uncertainty; rather a sign that investors still have faith...

Today’s release from REINZ reported that property values in NZ tracked sideways in the month of April. This is according to the REINZ House Price Index (HPI), which is a better measure for evaluating property market performance than median selling prices.

Recent analysis on the performance of markets across the diverse value ranges revealed that the differences were more about geography rather than value. In this week’s CoreLogic Property Pulse we’ve taken a look at the data at a suburb level to deliver the whole story on what’s really going on..

The Reserve Bank (RBNZ) has cut the official cash rate (OCR) from 1.75% to 1.5% and signalled another drop by late this year. It seems likely that at least some of this will pass through to lower mortgage rates. But either way, it’s a great time to be a borrower.

It’s clear from today’s Statistics NZ figures that October’s Foreign Buyer Ban has cut into property demand from this source, and is likely to have contributed to the softening in values in areas such as Auckland and Queenstown.

NZ property values continue to show modest growth, with the CoreLogic QV House Price Index for April showing an increase of 2.7% over the past year. This is a minor improvement on the prior month (2.6%). The weakness witnessed across Auckland’s property market has continued to weigh down the headline results,...

Today’s figures from the Reserve Bank (RBNZ) showed a small fall in the value of mortgage lending in March, reflecting fewer loans (but not a fall in the average size of each loan). Meanwhile, the banks continue to operate well below the LVR speed limits, with only 12.5% of lending to owner-occupiers done at...

Our just-released Quarterly Property Market and Economic Update Report found that the first three months of 2019 delivered nearly the same property market performance as for most of 2018 - sluggish sales activity and consistent (yet controlled) value growth - with the notable exception of Auckland. I wouldn’t...

The latest research from Christchurch Cityscope shows that commercial property sales’ value in Christchurch’s CBD have significantly decreased in the past three months. For the three months to March 2019 there were 7 sales at a total value of $13.1 million, compared to 13 sales at a total value of $36.9...

In this month's video update, the key topics are the surprise prospect of a near-term OCR cut (and what it might mean for mortgage rates) and where things are at with the tax ring-fence for rental property losses. We also run through the normal market stats and cover Buyer Classification. Investors and first...

In the first quarter of 2019, first home buyers (FHBs) and mortgaged multiple property owners (investors) each accounted for 24% of property purchases. For a long period of time, investors had a much larger market share, but LVR III (40% deposit) dampened their activity from October 2016 and meanwhile FHBs...

We’ve been asked a few times whether the dips in average Auckland property values lately reflect weakness in the top end of the market or the lower end. In fact, it’s not so much about high versus low value brackets within each area; it’s more about the areas themselves. The sluggishness of overall values has...

Rental growth is now outpacing property values. Interestingly, the highest rental yields can now be found outside the main centres. Simultaneously, the 10 lowest yielding suburbs are all located in Auckland. Factor in the dip in values in these expensive parts of Auckland, total returns over the past year...