News & Research

Despite some anecdotal evidence mentioned to us, there’s no widespread evidence of a slump in the apartment market. Sales volumes have fallen (e.g. in Auckland City), but not really by any more than the wider market. Meanwhile, prices have generally followed the same trends as values across all properties,...

The NZ housing market showed signs of strengthening across the board in September with most main urban areas experiencing a lift in property values. The CoreLogic QV House Price Index showed that nationwide, average property values rose by 0.4% from August to September and lifted the annual growth rate a...

It’s hard to believe we’re almost three quarters of the way through the year already. Perhaps it was the relatively mild winter we had in Wellington that makes it a surprise we’re in spring already but here we are. The anticipation of spring is always a great time to review where we’re at in many ways, not...

According to CoreLogic Property Economist, Kelvin Davidson, “The constantly changing dynamics of the New Zealand property market mean that many would-be homeowners often find it challenging to understand which suburbs currently match their home-buying budgets”.

Earlier today the Reserve Bank decided to keep the official cash rate unchanged at 1.0%, which in truth isn’t much of a surprise. Meanwhile, mortgage lending activity in August was pretty stable too, with owner-occupiers driving the market but investors more subdued. The LVR speed limits are seemingly having...

Christchurch's commercial property market continues to tick over. The latest research from Christchurch Cityscope indicates CBD sales over the past three months had a total value of $64.2 million and $178 million for the previous twelve months.

Plenty of stats and numbers to cover this month as well as changes in bank serviceability criteria. And of course, what to make of the KiwiBuild reset.

The share of property purchases made by mortgaged investors has recently risen back to 26% nationally, the highest since just prior to the introduction of a 40% deposit for this group (LVR III in October 2016). Auckland has been a key part of the upturn from investors, even though this is where rental yields...

Although property sales volumes across Auckland as a whole have been low in recent years, some suburbs have been faster moving – these are mostly development areas (e.g. Hobsonville, Silverdale), and while the extra supply is raising turnover rates, it’s also dampening prices. Other parts of Auckland (e.g....

The areas with the strongest increases in rents over the past year have generally also seen large increases in property values – with both measures rising, it’s safe to say that underlying demand for property (whether it be rented or owner-occupied) is high. That will have driven strong investment returns for...

The national housing market remained firm in August, following on from the steady July result. According to the CoreLogic QV House Price Index, average property values rose by 0.2% from July to August, lifting the annual growth rate a touch from 2.2% to 2.3%. A good way to characterise the August figures is,...

Mortgage lending activity in July was higher than a year ago, driven by owner-occupiers rather than investors, and in particular first home buyers – as has been the case for several months now. Looking ahead to August’s results (due 25th Sep.), given that fixed mortgage rates haven’t really changed as a...

Small investors have increased their market share, and big investors are buying again in Auckland. CoreLogic’s New Zealand Head of Country Ben Speedy explains what’s happening.