Showing 61-70 out of 260 results
New Zealand's Q4 CPI figure steady, but still high
https://www.corelogic.co.nz/news-research/news/2023/new-zealands-q4-cpi-figure-steady,-but-still-highToday’s Stats NZ figures showed that inflation on the consumer price index (CPI) was unchanged in Q4, remaining at 7.2%. Categories such as food, rent,
What the cash rate increase means for the property market
https://www.corelogic.co.nz/news-research/news/archive/what-the-cash-rate-increase-means-for-the-property-marketIt's been three months since the Reserve Bank last made an official cash rate (OCR) call, and as per usual, a lot has happened in that time. In particular, with annual inflation rising to 5.9% and the unemployment rate dropping to 3.2%, the case for
Rising property sales start to bite into NZ’s stock levels
https://www.corelogic.co.nz/news-research/news/2023/rising-property-sales-start-to-bite-into-nzs-stock-levelsBuyers are returning to the market with an increase in sales eating into the country’s listings levels, and expected to place a degree of upwards
New Zealand property values up by almost 300% since 2003
https://www.corelogic.co.nz/news-research/news/2022/new-zealand-property-values-up-by-almost-300-since-2003Since December 2003 (i.e. almost 20 years ago), the national average property value has risen from $263,562 to $1,027,121 – an increase of $763,559, or a cumulative 290%. That represents an annual average increase per year of around 7.5%.
House sales hit 40 year low amid cost of living crunch
https://www.corelogic.co.nz/news-research/news/2023/house-sales-hit-40-year-low-amid-cost-of-living-crunchInterest rate hikes and tighter lending rules have triggered the biggest property sales slump in nearly 40 years.
Property prices rise in more than one in 10 NZ suburbs
https://www.corelogic.co.nz/news-research/news/2023/property-prices-rise-in-more-than-one-in-10-nz-suburbsDespite soft market conditions persisting across most of Aotearoa New Zealand, dozens of suburbs have defied the downturn, increasing in value in the past three
Higher OCR will keep the pressure on the housing market
https://www.corelogic.co.nz/news-research/news/2022/higher-ocr-will-keep-the-pressure-on-the-housing-marketAfter the knife-edge decision in April about whether to raise the official cash rate (OCR) by 0.25% or 0.5%, today’s decision was clearer cut. The
Reserve Bank goes big and mortgage rates have further to rise
https://www.corelogic.co.nz/news-research/news/archive/reserve-bank-goes-big-mortgage-rates-have-further-riseThere was never any doubt that the official cash rate (OCR) would be increased today. The only uncertainty was how big the rise would be,
Market Pulse: Debt-backed buyers are really starting to struggle
https://www.corelogic.co.nz/news-research/news/archive/market-pulse-debt-backed-buyers-really-starting-struggleOur latest Buyer Classification figures highlight what you might call a ‘debt vs equity' split in the market, with mortgaged investors and first home buyers
High mortgage rates and recession – a bad combination for property
https://www.corelogic.co.nz/news-research/news/2022/high-mortgage-rates-and-recession-a-bad-combination-for-propertyThe RBNZ’s final Monetary Policy Statement (MPS) for 2022 surprised many due to their indication the country’s economic outlook is worse than previously anticipated. The