Research News

The RBNZ led the way with the surprises in the last month – starting with the big OCR cut, but adding in debt to income reporting as well. Sales volumes in July also caught us by surprise – check out this months’ video to catch the detail.

Mortgaged multiple property owners (i.e. investors) accounted for 25% of property purchases across NZ in July, returning their market share to levels not seen since late 2016. This has reflected a bounce-back by smaller, ‘mum and dad’ investors, perhaps with only one rental property. The low returns available...

The Reserve Bank (RBNZ) has reduced the official cash rate (OCR) from 1.50% to 1.00% – no surprise that they cut; but the size came as a bit of a shock. Clearly, this is supportive for the residential property market, although the pass-through to mortgage rates is likely to be less than 0.50%.

Property values in NZ remained firm in July with the annual rate of change increasing slightly from 2.0% at the end of June to 2.2% at the end of July, according to the CoreLogic QV House Price Index. According to CoreLogic NZ Head of Research Nick Goodall, the relatively neutral performance reflects a market...

There’s no doubt Aucklanders have been significant players in regional property markets in the past and, understandable, given that the average house in Auckland could be sold and traded for multiple properties elsewhere. However, using Tauranga and Queenstown as examples, the share of owner-occupier...

Technology automation. It’s such a complex subject with enormous ethical and privacy questions, but at the same time it’s very easily become a natural part of our lives. We think nothing of using smart phones and watches, even robotic vacuum cleaners and voice-activated task managers such as Alexa or...

It was no surprise that today’s figures for Q2 from Stats NZ showed continued low levels of activity in NZ’s residential property market from foreign buyers. Waitemata in Central Auckland remains a key area that’s been impacted, alongside Queenstown.

New Zealand housing values have risen 2% in the year to June 2019, with the nation’s property growth supported by low mortgage rates and a rising population. CoreLogic’s Quarterly Property Market & Economic Update New Zealand Q2 2019 paints a picture of two property markets - Auckland and other major centres.

The value of mortgage lending to investors in June was again lower than a year ago, with the LVR speed limits appearing to have a significant role in the slowdown. Indeed, the first batch of investor lending data at the 70% LVR cap was also released today (with the rule actually changed back on 1st January,...

Plenty of charts to take in for those visual learners this month, as we delve into regional listing inventory, sales volumes and investor behaviour.

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,...