Research News

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...

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...

Although the easing of LVR restrictions only kicked in from 1st January, they were announced at the end of November, theoretically giving the banks a chance to act early and get a one-off lift in lending in December. Yesterday’s figures however showed that this didn’t eventuate, with high LVR lending still...

The CoreLogic Property Market & Economic Update Report is out, and we’ve focused on the fact that NZ’s residential property market ended 2018 with generally subdued activity levels in the face of reasonably consistent (albeit controlled) value growth across most of the country, with the exception of Auckland...

The big stories of 2018 in our CoreLogic Buyer Classification data were the continued activity from first home buyers (FHBs) and mortgaged multiple property owners, but the inactivity from movers (i.e. existing owner-occupiers). Even in Auckland, where average values are above $1m, FHBs managed to raise their...

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.

According to the December CoreLogic QV House Price Index, property values in New Zealand grew by 1.2% over the last three months, a minor reduction on the rate of growth at the end of November. A slight drop (-0.2%) in the Auckland index for December took the annual rate for all of 2018 into the negatives...

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.

The Best of the Best report covers suburb-level measures used by CoreLogic to determine property market performance across the year, ranging from property value growth to rental yields. In addition to the material provided here, detailed suburb-level data can also be accessed via an interactive geographic...

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...