Research News

Property values in New Zealand continued to grow at a modest pace for the 13th month in a row

The November CoreLogic QV House Price Index found that property values in New Zealand grew by 1.3% over the last three months. Auckland remains a key influence and while its quarterly growth hit the positives (0.1%) for the first time this spring, the long term trend of no effective growth in two years continues to illustrate the widespread unaffordability in our largest city.

5 Dec 2018

Watch the CoreLogic Monthly Property & Economic Update for November 2018

This month we keep it nice and short, checking in on listings and sales volumes and musing possible LVR changes and the relevance of CVs.

20 Nov 2018

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CoreLogic NZ Monthly Economic and Property Update July 2018

Watch the Monthly Property & Economic Update for July 2018

Let’s get into some stats for this month.

Kelvin Davidson: NZ Property Market Observations

My main observation from a few weeks travelling around the country is that people have just accepted that volumes and values have slowed and they are ‘moving on’. Caution is the word that probably best describes expectations for the next 12-18 months, rather than pessimism.

Which Suburbs Are Booming, Which Are Not

Lower-priced suburbs and/or those that have seen high turnover rates over the past year have tended to have seen the most value growth. Several of these are in the lower North Island. Weaker suburbs have been concentrated in Auckland and Christchurch – no surprises there.

NZ’s Regional Property Markets Are Doing OK…ish

The latest QV House index is out and for NZ’s regions; and according to CoreLogic Head of Research, Nick Goodall - the news is both good and bad.

More New Dwellings, But Still Reducing In Size

Driven by Auckland, new dwelling consents continue to rise strongly. By type, the growth has been driven by apartments and townhouses, with the average size of new dwellings continuing to fall. Given the growing population, a more intensified housing stock makes a lot of sense.

Regions Faring Better Than The Cities But For How Long

The latest QV House Price Index is out (using CoreLogic data) and none of the main centres saw property value growth of more than 0.5% since May.

Where Are We Going?

As capital growth in the residential property market has continued to diminish and articles hypothesise what of a proper downturn, we yearn for more solid information to understand where the property market is heading next. Here in the CoreLogic Research team, we've been doing some work on forming a sales...

What’s Going On In Wellington?

Wellington property values appear to have hit a recent low point as affordability concerns begin to surface in the higher-priced suburbs. A further flattening off wouldn’t be a surprise for the rest of 2018.

First Home Buyers Are On The Charge In The Provinces

Let’s take a look at detailed regional data on first home buyer (FHB) activity and reveal how they’re a bigger share of the market in the smaller centres than the main cities.

Adding Context To NZ Property Data

NZ’s current property mix is made up of residential (1.6million properties), commercial (65,000), industrial (43,000) and a further 87,000 are rural.

Premiums: What Are They Anyway, And How Much Profit Is Being Made?

Most people understand that an insurance premium is the price paid to secure insurance coverage as outlined in a policy document, but according to Richard Deakin, Head of Insurance Sales at CoreLogic NZ: “the perception that you have around those insurance premiums will be heavily influenced by whether you’ve...

Could Lower Migration Rates Hit Provincial Property Values?

NZ’s net migration inflows continue to drop. Although the level is still high, further migration falls will result in a softer residential property market than would otherwise have been the case and the provinces may be those to feel the brunt of it.

CoreLogic NZ Monthly Video

Watch the Monthly Property & Economic Update for June 2018

Let’s get into some stats for this month.