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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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What the 2019 property market could look like

It’s been another fascinating year for NZ’s property market in 2018. With volumes low (but stable) and values generally showing consistent growth across the country (expect for Auckland and Christchurch), a lot of the market interest has focused on government policy and measures to stifle property...

Investors continue to shrug off extra government measures

Investors remained active in the residential property market in November, according to the latest CoreLogic Buyer Classification data, which shows that they are not yet deterred by government measures such as the looming ring-fencing for tax relief on rental property losses. The recent momentum also makes it...

Property in popular holiday areas performs well

As thoughts turn to the anticipated end-of-year break, we were curious as to how property has performed in some of NZ’s key holiday areas. Generally speaking, the areas we’ve looked at have been busy in terms of sales, with days to sell reasonably low. On top of that, value growth has also tended to be pretty...

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...

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No surprise to see LVR rules relaxed a little further

New lending data released this week highlights low non-performing loan ratios and a still-cautious approach by the banks. As expected, the Reserve Bank of New Zealand also announced a further softening of LVR rules. This may provide a kick-start to sales volumes provided more borrowers can secure loans, but...

Property values generally in tune with the labour market

Locations with the biggest house price increases over the past year have also generally had the strongest employment growth, with Otago/Dunedin being a prime example. At the other end of the spectrum, both employment growth and house prices have been softer in Canterbury and Christchurch.

Watch the CoreLogic Monthly Property & Economic Update for November 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.

Extra rules don’t seem to be deterring property investors, yet.

The latest CoreLogic Buyer Classification series shows that property investors remained active in October. The figures were possibly boosted by overseas buyers rushing to beat the foreign ban, but they nevertheless still illustrate that extra government regulations in the rental property sector aren’t scaring...

Can you trust the CV? Here's what you need to know

The relevance of CVs (Capital Values) has been questioned recently. It’s not the first time and I’m sure it won’t be the last, but the one thing I think we have to come back to is that CVs are a great anchor point for market value and, either consciously or sub-consciously, pretty much everyone in the market...

Wellington Houses

Wellington’s property bounce: what’s going on?

Property values in the capital have picked up the pace again in the past few months, despite the rise of 45% already seen in the past three years (bringing the Capital’s average value to more than $800,000). The bounce in values can be explained by a number of underlying drivers, but the key thing is simply...

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Capital gains vs wages: where has property ‘earned’ the most?

Over the past 6-7 years, it’s been possible for property owners to ‘earn’ more from their property’s increasing value than through employment. Of course, it’s only a cash profit if they actually sell their property and either relocate to a cheaper area, downgrade to a lesser value home, or exit the market...

Property values in Wellington City spring to life as the winter lull for values comes to an abrupt end.

The October CoreLogic QV House Price Index has been released, showing an interesting story nationwide. Assessing the results, we provide detailed commentary on what's happening nationwide and look into the relevant property market drivers. Also included is a detailed comparison against the situation in...

NZ’s residential property market continues to negotiate a series of headwinds, but with some supportive factors ahead

The latest CoreLogic Quarterly Property Market and Economic Update has just been released, and in it we suggest that the overall property market outlook may be one of future uncertainty with the foreign buyer ban yet to make its full impact.

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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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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 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'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.

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PropertyIQ And Terralink Officially Merge

On 1 January 2014, PropertyIQ NZ Limited and Terralink International limited officially came together as CoreLogic NZ Limited. This comes after the Commerce Commission cleared the merger between the two businesses in November 2013.