News & Research

Having taken a hit from tougher LVR rules in October 2016 and then the proposals for a capital gains tax (CGT), multiple property owners with two properties (i.e. their house and a rental, or bach) have shown renewed interest in the market in the past few months – which isn’t really a surprise, given that CGT...

The REINZ monthly Property Report for June 2019 reported a 1.7% annual lift in property values across the country. This is according to the REINZ House Price Index (HPI), which is a preferred measure for evaluating property market performance over median selling prices because it measures the value movement...

The boom in new dwelling consents is simply rolling on across NZ and is fully necessary in many parts of the country to meet still-strong population growth and help alleviate upwards pressure on property values. However, Queenstown stands out as an area where this may not necessarily apply (anymore) – indeed,...

Measured by the share of its property stock that has changed hands in the past year, Tararua has the country’s busiest property market. Given that, it’s no surprise that average property values there have been rising strongly, up by 24.2% in the year to June. A cluster of other ‘affordable’ areas in the lower...

Property values in NZ further moderated in June with the annual rate of change decreasing from 2.3% at the end of May to 2.0% at the end of June, according to the CoreLogic QV House Price Index.

After a solid month in April, mortgage lending activity dialed back a little in May, with the investor part of the market feeling the pinch. Indeed, owner-occupiers remain the key players in the mortgage market, and in particular first home buyers. That is consistent with the message from the CoreLogic Buyer...

The Reserve Bank (RBNZ) has decided to leave the official cash rate (OCR) on hold at 1.5%, but also dropped a pretty heavy hint of another cut in the coming months. Although this may not pass through to mortgage rates, it’s still a great time to be a borrower.

First home buyers are topic of the month for June, we check in their activity while also covering the latest in overall sales volumes and once again provide a word of caution around the misuse of certain statistics evaluating the market.

Residential property sales activity looks set to tick along at the same controlled pace in the second half of the year as it has in the first, with average values growing in a restrained fashion. Other key factors to watch over the rest of 2019 include policy decisions from the Reserve Bank (e.g. LVR and bank...

CoreLogic NZ’s latest ‘Mapping the Market’ (June 2019) report has just been released, using location analytics and geospatial expertise to give visual learners a better understanding of New Zealand’s property market.

Today’s Property Report release from REINZ reported that property values in NZ held constant (+0.2%) in the month of May. This is according to the REINZ House Price Index (HPI), which is a better measure for evaluating property market performance than median selling prices. This is because it measures the...

Looking at the leading individual suburbs for first home buyers (FHBs) in each of NZ’s ten largest cities, we see that the share of purchases going to FHBs has typically been more than 50% so far in 2019. These tend to be cheaper suburbs, such as Hei Hei in Christchurch and Stokes Valley in Lower Hutt. With...