News & Research

Property values in New Zealand continued to grow at a modest pace for the 13th month in a row

The November CoreLogic QV House Price Index found that property values in New Zealand grew by 1.3% over the last three months. Auckland remains a key influence and while its quarterly growth hit the positives (0.1%) for the first time this spring, the long term trend of no effective growth in two years continues to illustrate the widespread unaffordability in our largest city.

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Watch the CoreLogic Monthly Property & Economic Update for October 2018

This month Nick poses the question about whether we’ve hit a floor in sales volumes, checks out days to sell and also covers the latest from the Tax Working Group, ponders the RBNZ’s position on LVR restrictions and gives a quick mention for KiwiBuild now the ballot for the first release has closed.

Moving in

First home buyers are still finding a way into the market

First home buyers grew to 24% of all residential property purchases across NZ in Q3 2018, from 18% four years ago. Such growth means that for the first time, they now hold equal market share with mortgaged multiple property owners. Despite high prices, first home buyers are still managing to find a way to...

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,...

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Auckland housing supply: some good things, some bad

A recent ‘on-the-ground’ tour around Auckland revealed that new housing construction is moving ahead with infill development a rising trend. KiwiBuild will help to drive even more infill housing, making more efficient use of inner city land (not to mention removing some poor quality housing). However, new...

Home Buyer Keys

KiwiBuild price caps: how do they compare to actual paid prices?

In the year to date, the median prices paid by first home buyers for two or three-bedroom properties in Auckland, Queenstown and Wellington have been above the KiwiBuild caps. That potential “discount” from buying a KiwiBuild property makes it easy to see the scheme’s appeal to buyers, and that’s before you...

Waikato River Hamilton

Property values in Auckland and Christchurch continue to track sideways, while other main centres sprang into action in September.

The September CoreLogic QV House Price Index illustrates there are still pockets of strength in the market as NZ heads into the warmer (and often more popular) months for market activity. While some of the macro-economic factors (GDP growth, net migration) which influence the property market are weakening, we...

Spring lambs

Spring bounce in property listings evident, but how strong?

The traditional spring bounce for new property listings has begun, and it’s no surprise that those parts of NZ with already high stock levels (e.g. Auckland) are experiencing softer property value growth. Affordability pressures for buyers is just one factor indicating that the rise in listings over spring...

Watch the CoreLogic Monthly Property & Economic Update for September 2018

This month we take a detailed look into the growth in values, or lack of, around the country. We also consider the listing situation now that we've hit spring and briefly touch on KiwiBuild.

CoreLogic Moving In

Rents haven’t been outpacing property costs or people’s wages

A simple comparison of rents vs. property ownership costs suggests that landlords are generally trying to keep the two aligned, but sometimes they have to accept minimal rental growth due to the underlying anchor of wage growth (i.e. what tenants can actually afford). This isn’t currently deterring them, with...

Hurricane Florence could unleash storm surge damage on nearly 759,000 homes, early CoreLogic analysis shows.

As Hurricane Florence looms, CoreLogic has released data analysis showing the potential risk of storm surge damage, including an estimated reconstruction cost and commentary on how this could impact NZ insurance premiums.

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First home buyers and investors still keen to buy

The share of residential property purchased by first home buyers and investors was solid again in August, albeit the overall volume of market activity is still relatively low. There are signs, however, of a pick-up in credit flows, which could signal an improvement in transactions in the coming months.

How does the bank value your home for a mortgage?

It would be an interesting analysis to do: how many current property owners are enjoying their property asset value gains through shrewd planning, and how many are enjoying it through sheer luck. Problem is, not many people would be willing to admit to it. One man has. This is his story, and in telling it, we...

Westport

NZ’s lowest 50 suburbs for value growth since 2007

Following last week’s top 50, CoreLogic has now looked at the lowest 50 NZ performers for changes in property values since the pre-GFC peak. The West Coast features often in this list (reflecting weak population growth), as does the Far North (relatively high unemployment challenges). The good news is that...

Market Updates

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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.

New Zealanders selling their homes enjoyed $3.5bn in re-sale gains last quarter.

96.1% of New Zealander’s selling their homes during the second quarter of 2018 enjoyed a re-sale gross profit, with total re-sale gains of $3.5bn (a median gain of $181,000 per property).

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.

Tips And Tricks To Maximise Your Storage

Extra storage is one of the most sought after features when searching for a new home, so creating a space where you can maximise storage to create a more spacious living environment will make your home all the more attractive to potential buyers.

What’s Your Mortgage Rate?

NZ’s property market is currently enjoying a mini revival in values. Our annual national growth rate increased in April to 7.6%, which is actually the strongest rate of growth since the previous high of 8.1%, back in June last year.

First Home Buyers More Active Than Previous 5 Years

First home buyers reduce in the first few months of the year but are more active.

Insurance Premiums In 2018: Up, Up And Away

In 2018 we’ll see a general hardening of the market.

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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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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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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.

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CoreLogic's Jonno Ingerson On National Radio

Jonno Ingerson, CoreLogic's Director of Research, spoke on National Radio this morning about the state of the property market, especially in reference to Auckland.

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New Physical Address For CoreLogic

CoreLogic have moved and have a new physical address. We ask that you please update your records accordingly. Our new address is: CoreLogic NZ Limited Level 2275 Cuba Street Te Aro Wellington 6011. All other contact details remain unchanged including PO Box 4072, Wellington 6140.

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CoreLogic NZ Appoints New Country Manager

Stephen Mitchell has been appointed as Country Manager to CoreLogic NZ, a property information, analytics and geospatial services provider in New Zealand.