Research News

The latest lockdown has distorted the Buyer Classification data for August a little, but the more general trend is still downwards for mortgaged investors’ market share and stronger for first home buyers (FHBs). But the kēmu game may be about to change again for FHBs, as Kelvin Davidson explains.

Record house price growth has led to rapidly declining affordability, with little sign of easing despite the recent introduction of regulatory constraints and rising mortgage rates.

CoreLogic’s House Price Index (HPI), which is the most complete and robust measure of property value change in the market, today showed nationwide values increased by a further 1.6% over August.

New Zealand home owners are pocketing a record level of gross profits from property resales as the country’s real estate market defies last year’s weak economic outlook. CoreLogic’s quarterly Pain & Gain report shows the proportion of properties being resold for a gross profit was 99.0% in the three months to...

Given the move back to COVID alert level four it’s no surprise that the Reserve Bank (RBNZ) has chosen to delay an increase to the official cash rate (OCR). The rise could presumably happen as soon as there is a bit more certainty around lockdown, rather than necessarily needing to wait until the next...

The move by the Reserve Bank to reduce the share of owner-occupiers that can get a mortgage with less than a 20% deposit will hit first home buyers pretty hard – they’ve been the ones taking the most advantage of the current rules. In this article Kelvin Davidson explores what this means for first home buyers...

CoreLogic’s Cordell Housing Index Price has revealed residential construction costs surged 2.2% in the June quarter, the largest increase recorded since the Cordell Building Indices began in 2012, and surpassing the previous peak of 1.9% in Q2 2017.

CoreLogic's July House Price Index (HPI) showed nationwide values increased by a further 1.8% over July, the same pace of growth as June but down on both April and May. CoreLogic’s Head of Research Nick Goodall says the gradual pace of slowdown may give the RBNZ some comfort to raise the OCR, without it...

In this discussion, CoreLogic NZ Head of Product Tom Coad chats to David Cunningham of The Co-operative Bank and James Brown of Fintech NZ about future-proofing success in the banking and finance industry with digital and capitalising on the accelerated digital use throughout the COVID-19 pandemic.

Given that we already knew property sales activity had been solid again in June, it was no surprise to see another busy month in the mortgage lending figures. One interesting aspect of the split by LVR/borrower type is that first home buyers basically have a monopoly on the money being lent out with less than...

Last week’s uptick in mortgage interest rates is just the latest influencing factor in the New Zealand residential property investment landscape, with the latest CoreLogic Property Market and Economic Update (Q2 2021) finding evidence that the market is close to – or at – a turning point.

Recent years have seen unprecedented change in the property space, due to wide-ranging factors like rapid market growth, the increasing prevalence of extreme weather events and a global pandemic. During these times of uncertainty, valuations have proven more important than ever.

No surprise the RBNZ kept the official cash rate at 0.25% today. But signs of tighter monetary policy and higher mortgage rates are on the way.