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.
CoreLogic New Zealand’s latest Pain and Gain Report for Q4 2020 found profit-making residential property resales between October and December increased to 98.4%; 20 basis points higher than the previous record of 98.2% in Q4 2005.
From October to December last year, there were more than 10,000 property sales each month – a run of strength that hadn’t been seen since the first half of 2016. And although activity cooled a bit in January this year, it was still 2.5% higher than a year ago.
Monday 8th March was International Women’s Day, so with CoreLogic being a property data and analytics business, we have taken a detailed look at property ownership rates by gender across New Zealand and Australia.
CoreLogic’s latest comprehensive report, Women and Property: State of Play, provides an enlightening view of who is most engaged in the property market by gender, why the numbers break down as they do, and what institutions can do to promote higher rates of property ownership across the board.
The HPI for February 2021 shows nationwide property values continued to grow over the month, increasing by 2.6%.
The CoreLogic NZ Housing Affordability Report for Q4 2020 presented to government today shows the ratio of house price/value to income has grown further following the last report in Q2 2020
The December quarter CHIP report showed that construction costs rose by 0.4%, down slightly from 0.6% in Q3 and also the smallest quarterly rise since Q2 2016 (0.3%).
CoreLogic today announced it has joined Investor Group on Climate Change (IGCC) Australia/New Zealand.
The CoreLogic Buyer Classification figures for January are in and they show that the Reserve Bank was on firm ground in raising deposit requirements for investors.
Property prices rose strongly in the second half of 2020 and now rents have started to accelerate too – especially at the lower end of the market, where growth was about 9% last year.
On the back of a favourable starting point for housing affordability, property value growth has recently accelerated across Christchurch as well as Waimakariri and Selwyn.
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.
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.
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.
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.
Stephen Mitchell has been appointed as Country Manager to CoreLogic NZ, a property information, analytics and geospatial services provider in New Zealand.