Research News

Kelvin April Video image

Watch the CoreLogic Monthly Property & Economic Update for April 2019

In this month's video update, the key topics are the surprise prospect of a near-term OCR cut (and what it might mean for mortgage rates) and where things are at with the tax ring-fence for rental property losses. We also run through the normal market stats and cover Buyer Classification. Investors and first home buyers remain a key focus.

18 Apr 2019

Corelogic Update Video March 2019

Watch the CoreLogic Monthly Property & Economic Update for March 2019

This month we review what happened to property values over the summer months and provide our take on the recommendations from the Tax Working Group.

20 Mar 2019

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Kelvin April Video image

Watch the CoreLogic Monthly Property & Economic Update for April 2019

In this month's video update, the key topics are the surprise prospect of a near-term OCR cut (and what it might mean for mortgage rates) and where things are at with the tax ring-fence for rental property losses. We also run through the normal market stats and cover Buyer Classification. Investors and first...

Girl excited about new home

First home buyers and investors are neck and neck

In the first quarter of 2019, first home buyers (FHBs) and mortgaged multiple property owners (investors) each accounted for 24% of property purchases. For a long period of time, investors had a much larger market share, but LVR III (40% deposit) dampened their activity from October 2016 and meanwhile FHBs...

Auckland’s weakness not so much about value bands but geography

We’ve been asked a few times whether the dips in average Auckland property values lately reflect weakness in the top end of the market or the lower end. In fact, it’s not so much about high versus low value brackets within each area; it’s more about the areas themselves. The sluggishness of overall values has...

How do rental yields look around the country?

Rental growth is now outpacing property values. Interestingly, the highest rental yields can now be found outside the main centres. Simultaneously, the 10 lowest yielding suburbs are all located in Auckland. Factor in the dip in values in these expensive parts of Auckland, total returns over the past year...

Mortgage Application Approved

Low-deposit first home buyers helping to boost overall lending flows

Mortgage lending activity rose again in February, with the growth in loans to first home buyers with LVRs >80% far outstripping overall volumes. However, the banks are still pretty cautious about who they lend to (in terms of debt servicing ability), while the LVR speed limits aren’t yet in sight either.

New Zealand Map_Mapping the Market

Mapping the Market: NZ’s property market: Back to the Future.

I love a complex spreadsheet. I love the hidden data trends waiting to be discovered and the insights they can deliver with the benefit of advanced analysis. But I’m fully aware that not everyone shares this fascination. This is exactly why we also love delivering our insights in new ways. Our fancy...

How long do owners hold their properties for?

The length of time that properties are being held onto before they’re sold has fallen, but even at its current median of about 7.4 years (down from the peak of 8.2 in 2016) it’s still quite a bit higher than in 2007 when it was a short 3.8 years. Auckland has shorter ‘hold periods’ than the rest of NZ, while...

Corelogic Update Video March 2019

Watch the CoreLogic Monthly Property & Economic Update for March 2019

This month we review what happened to property values over the summer months and provide our take on the recommendations from the Tax Working Group.

Competition remains between first home buyers and investors

February’s update to the CoreLogic Buyer Classification series shows that ‘mortgaged multiple property owners’ (MPOs - otherwise known as investors) continue to just edge out ‘first home buyers’ (FHBs) for the national share of property purchases, but FHBs are actually the biggest buyer group in most of the...

Banks started to utilise their new LVR leeway in January

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...

Watch the CoreLogic Monthly Property & Economic Update for February 2019

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.

Investors continue to defy the extra rules and costs

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...

New Zealand Money OCR Decision Does Not Change

OCR decision doesn’t change slow but steady property outlook in 2019

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.