News & Research

Watch for mortgage lending volumes to ease

Given that we already knew property sales activity had been solid again in June, it was no surprise to see another busy month in the mortgage lending figures. One interesting aspect of the split by LVR/borrower type is that first home buyers basically have a monopoly on the money being lent out with less than a 20% deposit. However, nothing lasts forever, and we suspect that ‘slowdown’ will be a key word used to describe lending activity (and the wider property market) over the coming months, especially with mortgage rates increasing.

Research News

More

CoreLogic First Home Buyer Report shows share of purchases declining in Q1

Our latest First Home Buyer Report indicates that Government intervention with tax policy changes to cool the residential investor market likely came at the right moment for first home buyers* (FHBs).

Housing construction costs on the rise; up 1.3% over March quarter

Housing construction costs surged 1.3% over Q1 2021, according to CoreLogic’s Cordell Housing Index Price (CHIP).

Latest CoreLogic data shows demand for property lingers, but slowdown looms

According to the CoreLogic House Price Index (HPI), which is the most complete and robust measure of property value change in the market, nationwide values increased by a further 3.1% over April.

Higher investor deposit requirements already having a strong effect

March was another bumper month for mortgage lending activity, but the tighter loan to value ratio rules from 1st March (and effectively prior to that because of banks’ own actions) have already significantly curtailed the low-deposit investor flows, as would be expected. On top of that, the Government has of...

CoreLogic report says property market game has changed; all eyes now on future market measures

The CoreLogic Property Market & Economic Report for Q1 2021 reinforced the heated market conditions which led to the Government’s recent housing policy announcement.

‘Fatigued’ first home buyers likely to increase focus on existing properties

Up to Q3 2020 first home buyers (FHBs) had actually had a strong property market share. But the rapid rise in values since then has caused them some ‘fatigue’, in terms of keeping up with deposit requirements – hence their share of purchases has dropped from 25% to 21%.

Mortgaged investors strong again in March, but the game has changed

March was the third month in a row that mortgaged investors had a market share of 29%, or in other words it has been a sustained ‘record’ peak for their property purchasing activity.

Housing policy changes – what are the facts?

With the dust now settling a bit on the new policy measures aimed at investors, the evidence suggests that the effects on the market may not be as significant as initially thought.

Government announcement dominates market discussion, latest index results justify why

Last week’s announcement from the Government aimed at tipping the market balance in favour of first home buyers has dominated media coverage of the property market, and with the latest data showing continued value growth, it would appear the heightened attention is justified.

House roofs

Signs that tighter lending rules are already affecting investors

It was no surprise that the Reserve Bank’s stats on overall mortgage lending activity were strong again in February.

Government housing policy potentially a ‘game changer’, but not necessarily straightaway

Today’s housing policy changes announced by the Government were pretty bold, especially the move to stop interest deductibility against tax for investors.

CoreLogic maps the NZ property market, reveals top performing suburbs

'Mapping the Market' provides insight into how the value of property varies across cities, across the country, as well as how values have shifted over time in an interactive format.

Tighter interest-only lending could bite investors pretty hard

For the second month in a row, mortgaged investors’ share of property purchases across NZ hovered at a record high in February, while the share going to first home buyers waned.

Product News

More

The people behind our geospatial data

Our dedicated team of GIS specialists help to make our data what it is, and are the reason it is relied on by so many NZ organisations, including the Emergency Services.

NZ Imagery Web Service Update – October 2020

We are pleased to advise that we have updated our NZ Imagery Caches.

Proactive engagement to help customers stay covered

New Zealanders tend to re-evaluate their insurance needs when they change properties or after a poor claims experience. With insurance typically being a grudge purchase, once a property owner has chosen a provider it’s unlikely that they’ll revisit their sum insured amount, even if their circumstances change...

Enhanced Hazards on Titles flag now available

CoreLogic has recently enhanced its data so we can now provide more granular flags to identify Earthquake and Building Act instruments, to help insurers identify affected properties.

Property insurance calculations made easy

Mother Nature’s unpredictability is just a part of life in NZ, which is why property insurance is so vital. So how can insurers make sure their clients have the right level of cover? It all comes down to the accuracy of their property rebuild estimates – and that means using the best tools available.

Join the digital property revolution!

As we progress in the digital age, it seems appropriate that the property report is also updated to provide the benefits that a truly digital format can provide. We have been working behind the scenes to launch a new, dynamic report version and are happy to tell you that, subject to your subscription...

Allowing the data to speak - CoreLogic’s partnership with telco and utilities companies

In today’s business environment, insights could and should be the most powerful tools you have – whatever business you’re in.

Get the most complete view of flood risk throughout New Zealand

Over 700,000 New Zealanders and 400,000 buildings are currently at risk from river and coastal flooding. Being able to plan for potential flood hazards can make all the difference – and not just to the home owners at risk.

CoreLogic launches the new ValConnect Upload Portal enabling digital property inspections for home lending

ValConnect Upload Portal is a new solution, launched by CoreLogic, designed to assist valuers effectively conduct remote valuations to ensure the flow of lending can continue in the COVID19 environment.

Introducing RPNZ Signature BETA - Comparative Market Analysis (CMA)

We have been working hard to create a new CMA tool to ensure you stand out from the competition and win more listings. Our new CMA will save you time, effort and allow you to add your own personal touches. The best part is it is included for all our users as part of every RPNZ subscription – at no additional...

Mapping the market: demonstrating data, visually.

We’ve just released our latest CoreLogic NZ ‘Mapping the Market’ report, which uses location analytics and geospatial expertise to give a visual understanding of New Zealand’s property market.

A bird’s eye view of swimming pools, delivered by humans and machines.

Whether you’re a council wanting to dig deeper than your own record books for swimming pool compliance, a home insurer wanting to understand property characteristics remotely, an emergency services responder about to attend a 111 call, or even a pool products supplier wanting to promote a special upgrade...

Building Consent Report in Property Guru

Want to know if a property you are interested in has had any building consents issued? If you’re a Property Guru user you can see this information through the Building Consent Report, included at no charge with all Property Guru subscriptions

Company News

More

CoreLogic awarded Service Provider to the Insurance Industry

We're excited to announce that CoreLogic has been awarded the Service Provider to the Insurance Industry award at the 2018 New Zealand Insurance Industry awards.

Handshake

CoreLogic to acquire Symbility Solutions, with new standard of digital experience for insurers welcomed.

CoreLogic Inc has recently announced that it has entered into a definitive agreement to acquire Symbility Solutions.

The NZ Property Market for a developer’s perspective

This week, CoreLogic hosted 22 of Australia’s leading developers from the Queensland Urban Development Institute of Australia Study Tour in Auckland. The group received insightful commentary on the NZ market, delivered by keynote speaker: Head of Research, Nick Goodall. This was followed by a Q&A session,...

Aerial View Black White

New CoreLogic GM "excited" about future

A one year adventure to New Zealand has turned into 15 years for the new general manager of corporate sales for CoreLogic. Theresa Wells has recently moved into the role in just another step of her career at the data and analytics company.

CoreLogic couple signing with agent

New Zealand real estate agents rate highly with sellers - 64% give thumbs up to service

CoreLogic has today released the 2018 Perceptions of Real Estate Agents Report, resulting from a nationwide survey of homeowners, with all regions represented. The fascinating findings signal to NZ’s real estate industry that agents are rated as excellent practitioners of their craft, with high scores in...

CoreLogic Peter Bromley

Introducing Peter Bromley, CoreLogic Executive GM of Sales and Marketing

Recently appointed as CoreLogic Executive GM of Sales and Marketing, Peter Bromley has a long-standing management and sales career, leading teams in financial services, real estate and more recently, data.

CoreLogic is a finalist in the New Zealand Insurance Industry Awards

We're delighted to announce that CoreLogic has been shortlisted as a finalist for the New Zealand Insurance Industry Awards in the category of Service Provider to the Insurance Industry.

CoreLogic NZSEA finalist

CoreLogic named as 2018 NZ Spatial Excellence Awards finalist

The International Athlete Disguised As A Product Owner

For most of us, our sporting careers peak in high school. Not many of us have the tenacity, self-drive, determination and commitment to juggle ‘adulting’ with high performance sports, representing not just our region but our country too.

CoreLogic NZ Proudly Announces A Large-Scale New Zealand Imagery Data Update

Head of Geospatial Solutions, Matt Lythe comments: “This imagery update covers over 1million NZ properties - that’s approximately 45% of NZ. It’s part of an ongoing programme, demonstrating CoreLogic’s commitment to provide the best available data to our clients”.

1200px-800px-road-in-NZ

Press Release: CoreLogic Technology Behind NZ Roading Decisions

CoreLogic NZ today announced a multi-year agreement with the New Zealand Transport Agency, in a milestone deal which will lead to significant efficiency gains for NZ’s roading infrastructure and its governing bodies.

1200px-800px--coupleiwthrealestateagent

Survey: Vendor Perceptions Of Real Estate Agents

CoreLogic is currently researching Kiwi perceptions about real estate agents, with a new survey focusing on understanding experiences when selling property and how well agents are meeting consumer expectations. The NZ survey builds upon research conducted by CoreLogic in Australia, which found that while real...

1200px-800px--rea

How Do Property Sellers Feel About Real Estate Agents? New Survey Seeks To Learn The Truth

Data for a landmark new survey to understand how property sellers feel about real estate agents is currently being collected by CoreLogic. The survey into Kiwi agents will seek to understand the experiences of consumers when selling their property and how well (or poorly) agents are meeting customer...