News & Research

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CoreLogic Q1 2019 Property Market & Economic Report

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 be at all surprised to see more of the same for the rest of 2019.

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Investors continue to defy the extra rules and costs

Amongst other things, the CoreLogic Buyer Classification data for January shows that mortgaged multiple property owners (MPOs, i.e. investors) continued their return to the market, now accounting for 25% of purchases – up from the LVR III-induced trough of 22% in late 2017. That’s despite the government...

New Zealand Money OCR Decision Does Not Change

OCR decision doesn’t change slow but steady property outlook in 2019

The Reserve Bank (RBNZ) has kept the official cash rate (OCR) on hold at 1.75% for the 15th consecutive time. They’ve also suggested that a nearer term OCR cut may just about be back on the cards, having back-pedalled from that in November. For the property market, this points to continued low mortgage rates.

NZ property market starts 2019 in the same subdued way as it ended 2018

According to the CoreLogic QV January House Price Index results, property values in New Zealand have grown by 0.9% since October, a slight slowdown from the figure of 1.2% in the previous three-month period. The annual growth rate also slowed, from 3.2% in December to 2.9% in January - not a large dip...

Effects of the foreign buyer ban

Today’s data from Statistics NZ doesn’t show any clear effect from October 22nd’s so-called foreign buyer ban in the residential property market. However, because they measure final transfers rather than the earlier agreement, the three-week window in October to push through agreements has probably...

Man v Machine: Are machines taking over the task of valuing property?

CoreLogic’s Chief Analytics Architect, Scott Matthews, explores whether man and machine can work together in valuation.

How AVMs are going to change valuers' lives - for the better

Vanessa Mitchell chats to CoreLogic’s Global CEO, Lisa Claes, about AVMs, the future of valuation, and why valuers will never be out of a job.

No clear impact from looser LVR rules yet

Although the easing of LVR restrictions only kicked in from 1st January, they were announced at the end of November, theoretically giving the banks a chance to act early and get a one-off lift in lending in December. Yesterday’s figures however showed that this didn’t eventuate, with high LVR lending still...

2019 property market could be last year, on repeat.

The CoreLogic Property Market & Economic Update Report is out, and we’ve focused on the fact that NZ’s residential property market ended 2018 with generally subdued activity levels in the face of reasonably consistent (albeit controlled) value growth across most of the country, with the exception of Auckland...

First home buyers and investors still busy; movers not

The big stories of 2018 in our CoreLogic Buyer Classification data were the continued activity from first home buyers (FHBs) and mortgaged multiple property owners, but the inactivity from movers (i.e. existing owner-occupiers). Even in Auckland, where average values are above $1m, FHBs managed to raise their...

First home buyers

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Watch the CoreLogic Monthly Property & Economic Update for January 2019

This month we keep it nice and short, checking in on listings and sales volumes and musing possible LVR changes and the relevance of CVs.

Inconsistent growth across many of NZ’s main centres epitomises the 2018 property market

According to the December CoreLogic QV House Price Index, property values in New Zealand grew by 1.2% over the last three months, a minor reduction on the rate of growth at the end of November. A slight drop (-0.2%) in the Auckland index for December took the annual rate for all of 2018 into the negatives...

Watch the CoreLogic Monthly Property & Economic Update for December 2018

This month we keep it nice and short, checking in on listings and sales volumes and musing possible LVR changes and the relevance of CVs.

Best of the Best 2018

The Best of the Best report covers suburb-level measures used by CoreLogic to determine property market performance across the year, ranging from property value growth to rental yields. In addition to the material provided here, detailed suburb-level data can also be accessed via an interactive geographic...

Market Updates

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RBNZ keeps the Official Cash Rate (OCR) on hold at 1.75% for the 14th consecutive time.

Today the Reserve Bank (RBNZ) kept the official cash rate (OCR) on hold at 1.75% for the 14th consecutive time. And although other factors (e.g. higher offshore interest rates) may eventually win out, for now, the predicted flat-track for the OCR until late 2020 suggests that this period of low domestic...

OCR Announcement

The Big One - Are you ready?

Against the context of a decent shake felt in the CoreLogic Wellington office, we cover off some essential emergency items and plans to review, plus discuss just how prepared Wellingtonians really are - including how to better understand whether your insurance coverage is adequate.

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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.

NZ Property Values outside Auckland

In this recent Real Estate Talk podcast, GM of Sales & Marketing - Peter Bromley, delivers an overview of the NZ property market, with a focus on what's happening outside of Auckland. It's a great listen.

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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.

Is this the future of buying property?

Buying a property could look a lot different in the future as artificial intelligence and technology continue to develop. Think beyond online forms and digital signatures and envisage borrowers receiving home loan offers because they’ve walked into an open home. CoreLogic Global Head of Technology, Greg...

NZ Money

OCR announcement + latest lending figures = positive property market implications.

Today the Reserve Bank (RBNZ) kept the official cash rate (OCR) on hold at 1.75% for the 13th consecutive time. Along with yesterday’s figures showing that new lending flows are still slowly rising, the property market implications are positive.

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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.

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Commercial Market Update - Auckland Cityscope

The latest research from Auckland Cityscope shows that property sales have significantly increased over the past three months.

CoreLogic NZSEA finalist

CoreLogic named as 2018 NZ Spatial Excellence Awards finalist

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Commercial Market Update - Wellington Cityscope

The latest research from Wellington Cityscope shows that commercial property sales have increased in total sales value in the last quarter.

Product News

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Know The Numbers, Be The Expert. Introducing Market Trends For Property Pro

Download Property Pro for iOS or Android now! Check out our PDF release notes for this update. Giving you Market Insights at your fingertips, you now have front row seats to navigate the property market with unprecedented ease of access to the power of CoreLogic’s Market Trends.

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Property Pro App Now Available For Android Devices

We’re really pleased to announce that Property Pro for Android has just been released and is now available from the Google Play Store. Download a walkthrough of Property Pro's features. Following in the footsteps of our much-loved iOS app, Property Pro delivers data and market insights.

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CoreLogic Launches Next Generation Property Valuation Model In NZ

CoreLogic has launched major enhancements to its Automated Valuation Model (AVM) that improves accuracy by greater than 6% signalling the company’s ongoing commitment to NZ’s real estate industry.

New Zealand’s Digital Addressing Twin

A digital twin is a digital companion to a physical asset or network of assets. Conceptually a digital twin is an up-to-date and accurate copy of a physical object's properties and states, including shape, position, status and motion.

Company News

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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.

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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...

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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...

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CoreLogic Welcomes Bruce Wiggins To Our Team

Bruce Wiggins has joined property data and analytics provider CoreLogic in their Valuation Risk & Compliance team.

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Press Release: Vero Insurance Implements Ground Breaking Symbility Solutions Claims Platform

Vero Insurance, part of Suncorp New Zealand, has partnered with CoreLogic to implement Symbility Solutions, a platform that will automate the claims process, and improve the claims experience for customers.

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Spatial Professional Of the Year Finalist – Chris Weir, CoreLogic NZ

CoreLogic is celebrating the well-deserved recognition of Chris Weir - Principal Architect, who has been named as a finalist in the ‘Professional Of The Year’ category at the 2017 New Zealand Spatial Excellence Awards (NZSEA).

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CoreLogic Launches Next Generation Property Valuation Model In NZ

CoreLogic has launched major enhancements to its Automated Valuation Model (AVM) that improves accuracy by greater than 6% signalling the company’s ongoing commitment to NZ’s real estate industry.

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CoreLogic Announces The Passing Of President And CEO Anand Nallathambi

March 03, 2017, Irvine, Calif. – CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, announced today that President and CEO, Anand Nallathambi, passed away on March 2, 2017, after a brief illness. “On behalf of the CoreLogic Board of...

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CoreLogic Location Intelligence Set To Roll Out Across Asia-Pacific

CoreLogic NZ Ltd is delighted to have recently received accreditation to the New Zealand Partnerships for International Development Fund (Partnerships Fund) with the Ministry of Foreign Affairs and Trade (MFAT).

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CoreLogic Named As NZ Spatial Excellence Awards 2016 Finalist

We’re delighted to announce that CoreLogic has been named as a finalist in two categories of the New Zealand Spatial Excellence Awards 2016.

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Auto & General To Launch Home Claims System From CoreLogic & Symbility

Auto & General is the first Australian insurance provider to implement an advanced home insurance claim workflow and estimating system, in partnership with data and analytics company CoreLogic and cloud-based software group Symbility Solutions.

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CoreLogic Named Among FinTech Top 100 Companies

CoreLogic are pleased to be named in IDC Financial Insights FinTech Top 100 companies for a fourth consecutive year, coming in at number 17 for 2014.

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CoreLogic Named As Finalist In NZ Spatial Excellence Awards

CoreLogic have been recognised as a finalist in the 2014 New Zealand Spatial Excellence Awards in the Innovation and Commercialisation category. This comes on the back of our power line height clearance and risk analysis work through Street Cam 3D that we have done for a client in Auckland.