Research News

The latest research from Christchurch Cityscope shows that commercial property sales’ value in Christchurch’s CBD have significantly decreased in the past three months. For the three months to March 2019 there were 7 sales at a total value of $13.1 million, compared to 13 sales at a total value of $36.9...

In this month's video update, the key topics are the surprise prospect of a near-term OCR cut (and what it might mean for mortgage rates) and where things are at with the tax ring-fence for rental property losses. We also run through the normal market stats and cover Buyer Classification. Investors and first...

In the first quarter of 2019, first home buyers (FHBs) and mortgaged multiple property owners (investors) each accounted for 24% of property purchases. For a long period of time, investors had a much larger market share, but LVR III (40% deposit) dampened their activity from October 2016 and meanwhile FHBs...

We’ve been asked a few times whether the dips in average Auckland property values lately reflect weakness in the top end of the market or the lower end. In fact, it’s not so much about high versus low value brackets within each area; it’s more about the areas themselves. The sluggishness of overall values has...

Rental growth is now outpacing property values. Interestingly, the highest rental yields can now be found outside the main centres. Simultaneously, the 10 lowest yielding suburbs are all located in Auckland. Factor in the dip in values in these expensive parts of Auckland, total returns over the past year...

NZ Property values have grown by only 0.5% this calendar year, with the annual rate of growth slowing to 2.6% at the end of last month. According to the CoreLogic QV April House Price Index results, Auckland values continue to fall, with the index dropping 0.4% in March. This takes the annual figure to -1.5%,...

The Reserve Bank (RBNZ) has kept the official cash rate (OCR) on hold again at 1.75% and signalled that the next move could well be down in the short term rather than up in the long term. Either way, today’s decision means that it’s still ‘business as usual’ for the property market, i.e. a steady outlook for...

Mortgage lending activity rose again in February, with the growth in loans to first home buyers with LVRs >80% far outstripping overall volumes. However, the banks are still pretty cautious about who they lend to (in terms of debt servicing ability), while the LVR speed limits aren’t yet in sight either.

I love a complex spreadsheet. I love the hidden data trends waiting to be discovered and the insights they can deliver with the benefit of advanced analysis. But I’m fully aware that not everyone shares this fascination. This is exactly why we also love delivering our insights in new ways. Our fancy...

The length of time that properties are being held onto before they’re sold has fallen, but even at its current median of about 7.4 years (down from the peak of 8.2 in 2016) it’s still quite a bit higher than in 2007 when it was a short 3.8 years. Auckland has shorter ‘hold periods’ than the rest of NZ, while...

This month we review what happened to property values over the summer months and provide our take on the recommendations from the Tax Working Group.

February’s update to the CoreLogic Buyer Classification series shows that ‘mortgaged multiple property owners’ (MPOs - otherwise known as investors) continue to just edge out ‘first home buyers’ (FHBs) for the national share of property purchases, but FHBs are actually the biggest buyer group in most of the...

The latest research from Auckland Cityscope shows that property sales value have decreased over the past three months. In the three months to February 2019, there were 28 sales for a total of $296.7 million, as compared with 22 sales for a total of $360.6 million recorded for the three months to November...