Research News

May Video Update Image

Watch the CoreLogic Monthly Property & Economic Update for May 2019

Plenty to talk about this month, with the key influencers Government and RBNZ making a few big calls. Wondering about the Capital Gains Tax, Official Cash Rate and Foreign Buyer Ban? We look at the market impact of all.

20 May 2019

Quarterly Report Q1 2019 Cover Image

CoreLogic Q1 2019 Property Market & Economic Report

Our just-released Quarterly Property Market and Economic Update Report found that the first three months of 2019 delivered nearly the same property market performance as for most of 2018 - sluggish sales activity and consistent (yet controlled) value growth - with the notable exception of Auckland. I wouldn’t be at all surprised to see more of the same for the rest of 2019.

24 Apr 2019

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The tax ring-fence is unlikely to cause a dramatic change in investor behaviour

Although it’s not law yet, the tax ring-fence for rental property losses is likely to be approved and, when that happens, will apply to the current tax year (which has of course already started). But there are reasons to doubt that it will dramatically change the rental property landscape.

May Video Update Image

Watch the CoreLogic Monthly Property & Economic Update for May 2019

Plenty to talk about this month, with the key influencers Government and RBNZ making a few big calls. Wondering about the Capital Gains Tax, Official Cash Rate and Foreign Buyer Ban? We look at the market impact of all.

Will Auckland’s House Prices Crash like Sydney’s?

There’s been a dramatic decline in house prices in many of Australia’s biggest cities. Some speculate that Auckland’s recent slide means it’s headed the same way. CoreLogic’s Ben Speedy compares the two markets.

Investors a strong presence in April (but not due to CGT scrapping)

Multiple property owners with a mortgage accounted for 25% of property purchases in April, continuing their gradual return from a lull in late 2017 and early 2018. Given timing issues, this cannot have been a bounce-back from capital gains tax-related uncertainty; rather a sign that investors still have faith...

REINZ reported that property values in NZ tracked sideways in the month of April.

Today’s release from REINZ reported that property values in NZ tracked sideways in the month of April. This is according to the REINZ House Price Index (HPI), which is a better measure for evaluating property market performance than median selling prices.

As values struggle in the super city, variance in suburbs emerge

Recent analysis on the performance of markets across the diverse value ranges revealed that the differences were more about geography rather than value. In this week’s CoreLogic Property Pulse we’ve taken a look at the data at a suburb level to deliver the whole story on what’s really going on..

The Reserve Bank has cut the official cash rate

The Reserve Bank (RBNZ) has cut the official cash rate (OCR) from 1.75% to 1.5% and signalled another drop by late this year. It seems likely that at least some of this will pass through to lower mortgage rates. But either way, it’s a great time to be a borrower.

Effects of the foreign buyer ban, May 2019

It’s clear from today’s Statistics NZ figures that October’s Foreign Buyer Ban has cut into property demand from this source, and is likely to have contributed to the softening in values in areas such as Auckland and Queenstown.

Regulation and policy intervention key factors among a modest property market.

NZ property values continue to show modest growth, with the CoreLogic QV House Price Index for April showing an increase of 2.7% over the past year. This is a minor improvement on the prior month (2.6%). The weakness witnessed across Auckland’s property market has continued to weigh down the headline results,...

Aerial View Image of NZ Property

Lending activity drops back a little in March

Today’s figures from the Reserve Bank (RBNZ) showed a small fall in the value of mortgage lending in March, reflecting fewer loans (but not a fall in the average size of each loan). Meanwhile, the banks continue to operate well below the LVR speed limits, with only 12.5% of lending to owner-occupiers done at...

Quarterly Report Q1 2019 Cover Image

CoreLogic Q1 2019 Property Market & Economic Report

Our just-released Quarterly Property Market and Economic Update Report found that the first three months of 2019 delivered nearly the same property market performance as for most of 2018 - sluggish sales activity and consistent (yet controlled) value growth - with the notable exception of Auckland. I wouldn’t...

Commercial Market Update - Christchurch Cityscope March 2019

The latest research from Christchurch Cityscope shows that commercial property sales’ value in Christchurch’s CBD have significantly decreased in the past three months. For the three months to March 2019 there were 7 sales at a total value of $13.1 million, compared to 13 sales at a total value of $36.9...

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...