Research News

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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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Homeowners pocket median resale profit of $195K each last quarter: a 20 year high.

96.3% of properties that were resold in New Zealand between 1 October 2018 and 31 December 2018 returned a gross profit. By the time the last quarter of 2018’s property market took its summer hiatus, homeowners had pocketed a total profit across New Zealand of $3.5bn, providing a national median resale profit...

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...

What prices have first home buyers been paying?

First home buyers (FHBs*) have generally been paying the highest prices relative to each area’s average property value in less expensive markets, like Palmerston North and New Plymouth. Buying budgets can stretch a bit further in locations where property is generally cheaper, potentially helping FHBs to enter...

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.

NZ property market starts 2019 in the same subdued way as it ended 2018

According to the CoreLogic QV January House Price Index results, property values in New Zealand have grown by 0.9% since October, a slight slowdown from the figure of 1.2% in the previous three-month period. The annual growth rate also slowed, from 3.2% in December to 2.9% in January - not a large dip...

Dunedin set to remain the jewel of the south in 2019.

The upswing in property values in Dunedin is likely to continue in 2019, given that demand is strong and the number of listings on the market is low. First home buyers have been very active in the market in recent months, but investors have also been keen to buy – despite the sense that the average Dunedin...

Effects of the foreign buyer ban

Today’s data from Statistics NZ doesn’t show any clear effect from October 22nd’s so-called foreign buyer ban in the residential property market. However, because they measure final transfers rather than the earlier agreement, the three-week window in October to push through agreements has probably...

Man v Machine: Are machines taking over the task of valuing property?

CoreLogic’s Chief Analytics Architect, Scott Matthews, explores whether man and machine can work together in valuation.

How AVMs are going to change valuers' lives - for the better

Vanessa Mitchell chats to CoreLogic’s Global CEO, Lisa Claes, about AVMs, the future of valuation, and why valuers will never be out of a job.

Commercial Market Update - Wellington Cityscope

No clear impact from looser LVR rules yet

Although the easing of LVR restrictions only kicked in from 1st January, they were announced at the end of November, theoretically giving the banks a chance to act early and get a one-off lift in lending in December. Yesterday’s figures however showed that this didn’t eventuate, with high LVR lending still...