Research News

The share of property purchases made by mortgaged investors has recently risen back to 26% nationally, the highest since just prior to the introduction of a 40% deposit for this group (LVR III in October 2016). Auckland has been a key part of the upturn from investors, even though this is where rental yields...

Although property sales volumes across Auckland as a whole have been low in recent years, some suburbs have been faster moving – these are mostly development areas (e.g. Hobsonville, Silverdale), and while the extra supply is raising turnover rates, it’s also dampening prices. Other parts of Auckland (e.g....

The areas with the strongest increases in rents over the past year have generally also seen large increases in property values – with both measures rising, it’s safe to say that underlying demand for property (whether it be rented or owner-occupied) is high. That will have driven strong investment returns for...

The national housing market remained firm in August, following on from the steady July result. According to the CoreLogic QV House Price Index, average property values rose by 0.2% from July to August, lifting the annual growth rate a touch from 2.2% to 2.3%. A good way to characterise the August figures is,...

Mortgage lending activity in July was higher than a year ago, driven by owner-occupiers rather than investors, and in particular first home buyers – as has been the case for several months now. Looking ahead to August’s results (due 25th Sep.), given that fixed mortgage rates haven’t really changed as a...

Small investors have increased their market share, and big investors are buying again in Auckland. CoreLogic’s New Zealand Head of Country Ben Speedy explains what’s happening.

Australia and New Zealand have experienced significant natural disasters in recent years. The floods in Queensland, earthquakes in Christchurch and Kaikoura as well as bushfires in South Australia highlight just how vulnerable residents can be to these massive unforeseen events and how much they reply on...

The total number of listings across NZ remains very low (even allowing for Winter), and even Auckland is now showing early signs of a tightening in available stock. This low starting point, combined with the further growth we’re seeing in property values, could mean that the Spring uplift in the stock of...

The latest research from Auckland Cityscope shows that property sales value have decreased over the past three months.

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%.