Research News

Our latest Pain & Gain Report is out, which shows that the quiet NZ property market for Q1 of 2019 delivered total nationwide resale gains of $2.9billion. This represents quite the fall from the previous quarter’s $4.4bn but it’s no surprise as volumes across the market were generally sluggish.

Despite Easter/ANZAC being close together and many people taking an extended holiday (rather than visiting the bank), mortgage lending activity was solid in April. Even so, the banks in aggregate are still operating well below the LVR speed limits, and interest-only lending to investors is contained too. Over...

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.

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. 

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.

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...

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.

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 (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.

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.

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,...

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...

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...