Research News

Every NZ suburb records positive property price growth in 2021

Despite COVID, snap lockdowns and border closures, Aotearoa’s widespread residential real estate resilience rolled on unabated in 2021, ending the year with value growth recorded across the entire country.

17 Jan 2022

Mortgage lending strong late in 2021, but 2022 could be different

The Reserve Bank’s November mortgage lending data showed banks remained busy towards the tail end of 2021. However, there are signs of an easing for low-deposit lending to owner-occupiers, and this will be a key trend to watch in 2022 as banks adjust to the new speed limit, Kelvin Davidson explores.

11 Jan 2022

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Video: Digital Banking - evolving trends of 2020 into Permanent Behaviors

In this discussion, CoreLogic NZ Head of Product Tom Coad chats to David Cunningham of The Co-operative Bank and James Brown of Fintech NZ about future-proofing success in the banking and finance industry with digital and capitalising on the accelerated digital use throughout the COVID-19 pandemic.

Watch for mortgage lending volumes to ease

Given that we already knew property sales activity had been solid again in June, it was no surprise to see another busy month in the mortgage lending figures. One interesting aspect of the split by LVR/borrower type is that first home buyers basically have a monopoly on the money being lent out with less than...

CoreLogic Quarterly Market Report Indicates Turning Point in Property Investment Market

Last week’s uptick in mortgage interest rates is just the latest influencing factor in the New Zealand residential property investment landscape, with the latest CoreLogic Property Market and Economic Update (Q2 2021) finding evidence that the market is close to – or at – a turning point.

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Valuations in uncertain times

Recent years have seen unprecedented change in the property space, due to wide-ranging factors like rapid market growth, the increasing prevalence of extreme weather events and a global pandemic. During these times of uncertainty, valuations have proven more important than ever.

Official cash rate unchanged, but signs of tighter monetary policy and higher mortgage rates loom

No surprise the RBNZ kept the official cash rate at 0.25% today. But signs of tighter monetary policy and higher mortgage rates are on the way.

Mortgaged investors’ presence continues decline

Over the past three months mortgaged investors’ share of property purchases has fallen and first home buyers (FHBs) have enjoyed an increase – although these patterns will still be due more to the 40% deposit requirement for investors rather than the March tax changes. First home buyers are using supports...

When will Wellington’s boom come to an end?

Across the wider Wellington area, including the City, Upper & Lower Hutt, and Porirua, the past five to six years have brought large increases in property values, following a reasonably long flat patch prior to 2015. Factors for this have included strong and broad-based demand (including first home buyers)...

CoreLogic HPI shows market momentum continues to fade

According to the CoreLogic House Price Index (HPI), which is the most complete and robust measure of property value change in the market, nationwide values increased by 1.8% over June.

Three months on CoreLogic review shows housing policy changes have had little effect on the market

Mid-Year Best of the Best review reveals the 2021 property market upswing is happening nationwide, not just in main centres

Following the activity and heightened interest in and around the national housing market, CoreLogic NZ has – for the first time – created a mid-year Best of the Best review. This halfway-point analysis takes a detailed look at suburb-level property data, and reveals the market upswing has not been Auckland or...

It hasn’t got any easier to trade-up post-COVID

Across the main centres, the trade-up premium (gap in value between three and four bedroom properties) is at least $150,000 or so, and more than $400,000 in central Auckland.

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Property market momentum remains but pace of growth slowed in May

According to the CoreLogic House Price Index (HPI), nationwide values increased by a further 2.2% over May. This is a slight reduction on the 3.1% growth rate witnessed over April.

NZ properties resold for a profit at highest level on record

CoreLogic’s Pain and Gain Report for Q1 2021 found profit-making residential property resales between January and March 2021 increased to 98.9%; the highest reading in the 25-year history of the data series.