News & Research

The latest research from Auckland Cityscope shows that property sales value have decreased over the past three months. In the three months to February 2019, there were 28 sales for a total of $296.7 million, as compared with 22 sales for a total of $360.6 million recorded for the three months to November...

Taken as a whole, Auckland’s property market is soft and it’s easy to see this continuing in 2019. There are exceptions to this outlook, but to find them you need to be looking in the generally cheaper parts of the city/region (e.g. Otara), where values are still increasing. By contrast, declining values in...

According to the CoreLogic QV February House Price Index results, property values in New Zealand have grown by 0.7% over the summer season, with the annual growth rate lifting very marginally from 2.9% in January to 3.0% last month. Values in Auckland remain constrained as the index moved sideways in...

96.3% of properties that were resold in New Zealand between 1 October 2018 and 31 December 2018 returned a gross profit. By the time the last quarter of 2018’s property market took its summer hiatus, homeowners had pocketed a total profit across New Zealand of $3.5bn, providing a national median resale profit...

Today’s figures from the Reserve Bank cover lending activity in January, so are the first available after the latest easing of the LVR rules. They provide interesting insights: showing that the banks started to use their new freedom last month, raising the share of high LVR lending to owner-occupiers from...

First home buyers (FHBs*) have generally been paying the highest prices relative to each area’s average property value in less expensive markets, like Palmerston North and New Plymouth. Buying budgets can stretch a bit further in locations where property is generally cheaper, potentially helping FHBs to enter...

This month we discuss the relatively weak property value data coming through, especially in Auckland, while also stressing the need not to panic. We also cover hot topics such as the impact of the foreign buyer ban, investor activity and check out how the regions are performing.

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...

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.

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...

The upswing in property values in Dunedin is likely to continue in 2019, given that demand is strong and the number of listings on the market is low. First home buyers have been very active in the market in recent months, but investors have also been keen to buy – despite the sense that the average Dunedin...

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...

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