Research News

Given the seismic changes of the past few weeks and days, it’s important to take stock and in this blog we’ve pulled everything together in terms of the property market implications of COVID-19, as well as the policy response from the Government and Reserve Bank. Here’s our take on recent events, both...

The CoreLogic Buyer Classification data series showed that investors continued to maintain a strong share of property purchases in February, while by contrast, there were hints that first home buyers are showing fatigue. Of course, there have been seismic changes to all aspects of life in the past few weeks,...

CoreLogic’s latest Mapping the Market report shows that Wairoa has seen the largest % rise in median property values over the past year, however Dunedin dominates the list of suburbs with the largest increases in $ terms – e.g. almost $137,000 in Waitati. Meanwhile, the most expensive suburb in NZ, which is...

The CoreLogic Suburb Scorecard shows that the tightening in available listings across Auckland has been clear in suburbs such as Otara and Stanley Point. Meanwhile, days to sell has dropped in suburbs such as Glen Eden and Otahuhu. The overall message from these geographically granular indicators is that...

According to the CoreLogic QV February 2020 House Price Index results out today, the average value of property across New Zealand rose by 1.1% over the month, taking the three-month change to 2.6%. The average home is now worth $722,475 – up by 5.3% from a year ago, or more than $36,000. The annual increase...

The latest CoreLogic Pain & Gain Report released today takes a deep dive into the profits and losses across property resales for the December 2019 quarter. Conducted by Economist Kelvin Davidson, the Pain & Gain results delivers a proxy for the performance of the housing market by highlighting the magnitude...

The rise in mortgage lending in January wasn’t as strong as December, but it was still a very respectable result. Both owner-occupiers and investors continue to show a decent appetite to borrow, and the banks are able to approve these loans without needing to test the LVR speed limits. That said, high debt to...

Property and broader economic market insights have just become a whole lot more accessible thanks to the CoreLogic NZ Property Market Podcast hosted by research head Nick Goodall and economist Kelvin Davidson.

Well the property market has kicked into 2020 in much the same fashion it finished 2019. Average values continue to rise across the country, with the annual growth rate increasing to 4.4% at the end of January. That’s up from the 2.0% lull in June 2019, and the strongest annual growth rate since September...

This month we look at property value growth across the country with a particular focus on Dunedin. We also review the RBNZ’s first decision of the year – to hold the OCR flat, and ponder the year ahead – noting the potential impact of being in an election year.

By combining gross rental yields with the change in property values over the past year (i.e. capital gains), we can look at total investment returns – and unsurprisingly the recent results are strong. Each of the top 10 areas of the country has delivered at least 25% in the past 12 months, with Rangitikei,...

Recent figures from Statistics NZ show that we gained approximately 43,800 new migrants (in net terms) in 2019. That’s down from more than 49,000 in 2018, but still a pretty strong result when you compare it to the patterns from 2004 to 2014 – especially around 2011/12, when net migration turned negative!...

Construction activity across New Zealand remains very high and that’s putting pressure on labour capacity in the industry, as well as materials costs. Indeed, costs have increased by around 1% or more for all but one of the last thirteen quarter, with construction cost inflation up 0.9% in December 2019...