Research News

Watch the CoreLogic Monthly Property & Economic Update for August 2019

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.

20 Aug 2019

House values up 2%, but listings down in big cities

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.

25 Jul 2019

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Strong construction another reason for caution about Queenstown property values

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,...

Where’s NZ’s busiest property market?

Measured by the share of its property stock that has changed hands in the past year, Tararua has the country’s busiest property market. Given that, it’s no surprise that average property values there have been rising strongly, up by 24.2% in the year to June. A cluster of other ‘affordable’ areas in the lower...

Mixed results across the regions as foreign ban dampens activity in Queenstown and Auckland Central

Property values in NZ further moderated in June with the annual rate of change decreasing from 2.3% at the end of May to 2.0% at the end of June, according to the CoreLogic QV House Price Index.

Mortgage lending activity softens in May

After a solid month in April, mortgage lending activity dialed back a little in May, with the investor part of the market feeling the pinch. Indeed, owner-occupiers remain the key players in the mortgage market, and in particular first home buyers. That is consistent with the message from the CoreLogic Buyer...

Heavy hint of OCR cut in the coming months

The Reserve Bank (RBNZ) has decided to leave the official cash rate (OCR) on hold at 1.5%, but also dropped a pretty heavy hint of another cut in the coming months. Although this may not pass through to mortgage rates, it’s still a great time to be a borrower.

Watch the CoreLogic Monthly Property & Economic Update for June 2019

First home buyers are topic of the month for June, we check in their activity while also covering the latest in overall sales volumes and once again provide a word of caution around the misuse of certain statistics evaluating the market.

Ten property market predictions for the rest of 2019

Residential property sales activity looks set to tick along at the same controlled pace in the second half of the year as it has in the first, with average values growing in a restrained fashion. Other key factors to watch over the rest of 2019 include policy decisions from the Reserve Bank (e.g. LVR and bank...

NZ’s property market mapped: ideal for visual beginners

CoreLogic NZ’s latest ‘Mapping the Market’ (June 2019) report has just been released, using location analytics and geospatial expertise to give visual learners a better understanding of New Zealand’s property market.

Insurance in Wellington – premium rises and apartment angst…

REINZ reported that property values in NZ held constant (+0.2%) in the month of May

Today’s Property Report release from REINZ reported that property values in NZ held constant (+0.2%) in the month of May. This is according to the REINZ House Price Index (HPI), which is a better measure for evaluating property market performance than median selling prices. This is because it measures the...

Couple looking at first home

Revealed: suburbs where first home buyers make more than 50% of purchases

Looking at the leading individual suburbs for first home buyers (FHBs) in each of NZ’s ten largest cities, we see that the share of purchases going to FHBs has typically been more than 50% so far in 2019. These tend to be cheaper suburbs, such as Hei Hei in Christchurch and Stokes Valley in Lower Hutt. With...

CoreLogic QV May House Price Index: Nothing wrong with slow and steady

The CoreLogic QV House Price Index showed that NZ average property values were flat in May and up by only 0.1% over the past three months. The annual growth rate slowed from 2.7% in April to 2.3% in May. With affordability still stretched in many parts of the country and sales volumes subdued, CoreLogic...

Torbay, North Shore

Trading up has got a bit cheaper over the past year

The price gap between three and four bedroom properties has fallen in many parts of the country over the past year, suggesting that it’s become a bit easier to ‘trade up’. The gap, or trade-up premium, is still sizeable in parts of Auckland, but this is also where property values have recently fallen the...