The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message! With a much quieter data week Nick and Kelvin find conversation in a range of topics, including the third edition of the CoreLogic Women & Property report , Kelvin's anecdotes from a week on the road with the Trade Me Property team and the National Party's Build to Rent announcement. Hot off the press is the CoreLogic Mapping t...

Send us a question/idea/opinion direct via text message! In a special edition podcast Nick and Kelvin are joined by Eliza Owen, Head of Research for CoreLogic Australia. Eliza is the author of the just-released third edition of the CoreLogic Women & Property Report. Eliza takes Nick through the report - why does it exist, how is it done, and what does it tell us? Kelvin helps along the way wit...

Send us a question/idea/opinion direct via text message! With the CoreLogic House Price Index (HPI) for February out last week, a question came up about why it differs to some other measures out there. This leads to a broader discussion some of the different stats out there and why the interpretation of them is important.  This relates to other releases from the last week too, including the filled...

Send us a question/idea/opinion direct via text message! This week it is all about the Reserve Bank's latest Monetary Policy Statement (MPS ), and included OCR decision from last week.  Perhaps the most important viewpoint was their take on what their role will or should be in response to supporting the recovery from the devastating impact of Cyclone Gabrielle as well as the severe flooding i...

Send us a question/idea/opinion direct via text message! Firstly, our thoughts are with all those affected by Cyclone Gabrielle and the damage it has caused. It is heart-breaking to see and hear about all the people affected by this event, the extent of which is still to be known. There is so much to ponder this week, as the destruction caused by Cyclone Gabrielle poses yet another consideration f...

Send us a question/idea/opinion direct via text message! **Please note the original upload of this week's podcast was an older file. This has been updated but you may need to delete the original download and re-download this episode to get the proper version**  With a little less data released last week, the focus for the podcast this week centres around the investor market. There's Janu...

Send us a question/idea/opinion direct via text message! Coming from a data-heavy week, including the all-important labour market statistics, most of the conversation this week leads to the likelihood of the RBNZ plumping for a 50 basis point lift to the OCR in two weeks' time (rather than the previously expected 75 basis point lift). As well as the increase in the unemployment rate, the Core...

Send us a question/idea/opinion direct via text message! With Nick away on holiday in and around Queenstown this week, Kelvin takes the reins and is joined by a special guest, Tom Coad, who is CoreLogic’s Head of Banking and Finance Platforms for NZ and Australia. We kick off the episode with a brief intro for Tom, and then Kelvin kicks into the data, which is in abundance this week – inflation ma...

Send us a question/idea/opinion direct via text message! What else could start off this week’s discussion than the change of Prime Minister? Ultimately though, from a property perspective, the guys reckon that it’s ‘business as usual’ for now – what really matters is what will happen to property policy after the Election. In fact, the biggest item this week is actually Wednesday’s CPI for Q4. If i...

Send us a question/idea/opinion direct via text message! Apologies for the short audio cut-out at about 16 minutes. Please plough through it. After a busy start to 2023 last week in terms of writing and media appearances, we’re back for the second podcast of the year, and there’s plenty to cover – most notably the guys cover off Kelvin’s ‘opinion piece’ setting out why the loan to value ratio rule...

Send us a question/idea/opinion direct via text message! The CoreLogic House Price Index (HPI) for December provides the perfect platform to close out 2022 as Nick and Kelvin discuss why the moderation in value falls is likely a false dawn.  Kelvin also wraps up a few other data releases you may have missed over the holidays weeks, most notably and concerning, the weak confidence results. Plus bew...

Send us a question/idea/opinion direct via text message! For the final episode of the year, where else could we start than with the just-completed FIFA World Cup Final. An early start for Nick and some disappointment for the French friends he was watching it with! But what a game it was. The guys then review recent data and preview what’s coming up for the final week of the year, including the ANZ...

Send us a question/idea/opinion direct via text message! With no official macro economic data releases in the last week Nick and Kelvin take a look around for any other info and engagements worth reviewing. Migration data was hot off the press but otherwise there’s media coverage regarding mortgagee sales, reduced sales turnover at the suburb level and  Kelvins deeper look at recent investor activ...

Send us a question/idea/opinion direct via text message! The discussion kicks off this week on the topic of house prices, with the CoreLogic Index last week showing further falls. Sure, the drop was smaller than in recent months. But be careful of reaching the conclusion that the downturn might also be over. It probably isn’t, and the ultimate peak for mortgage rates could hold the key as to when...

Send us a question/idea/opinion direct via text message! After the hotly anticipated Monetary Policy Statement was released last week Nick and Kelvin have a lot to discuss. From the OCR decision itself, to all the macro-economic forecasts and the language used in subsequent commentary - all with an eye to how the market is shaping up for 2023 . We also got October lending figures last week, Centri...

Send us a question/idea/opinion direct via text message! While Nick and Kelvin keenly await the next RBNZ Monetary Policy Review, being released on Wednesday, they first take the time to look back a week full of releases. CoreLogic's Pain & Gain report for Q3 , showing the proportion of owners selling at a loss has increased, but is still no where near the levels of previous downturn.  RE...

Send us a question/idea/opinion direct via text message! A number of releases/announcements from the RBNZ once again dominate the discussion. We've got the reappointment of Governor Orr to discuss, along with their first 5-year review of monetary policy, the proposed framework for the introduction of Dti limits (not until 2024) and a paper analysing the effects of the FLP on funding costs and...

Send us a question/idea/opinion direct via text message! After a largely successful weekend of sports results, the dominant property issue for today’s episode is the Reserve Bank’s latest Financial Stability Report (FSR) – the chat may have a negative tone, but that’s the point. The FSR is all about looking at risk, and ‘plausible but severe’ scenarios which we might need to prepare for.  Nick and...

Send us a question/idea/opinion direct via text message! A number of data releases from a range of locations, but it still all boils down to businesses - are they investing and hiring - and  consumers - are they still working, borrowing and spending? The answers are slightly mixed, with businesses not confident but still doing fine and consumers much the same, though the latest RBNZ lending data f...

Send us a question/idea/opinion direct via text message! There are no surprises what forms the bulk of this week's podcast - inflation! With the latest CPI data out last week, and it coming as a shock to many, forecasts for the OCR, mortgage interest rates and house prices have been seriously revised. To kick things off Kelvin provides a 'review of the reviews', summarising the resp...

Send us a question/idea/opinion direct via text message! After a quick chat about the latest CoreLogic CCCI report on construction costs the focus quickly turns to the state of the market, following the latest REINZ monthly report detailing recent sales volumes and house value movements. Neither measures provide much positivity for the future, as sales remain slow and values continue to fall, howe...

Send us a question/idea/opinion direct via text message! The RBNZ increased the OCR by the expected 50 basis points last week but along with it opined the option of going even harder with a 75 basis point lift. What makes the call even more intriguing was that the Reserve Bank over the ditch (RBA) dialled back their tightening with only a 25 basis point increase .  Nick and Kelvin ponder the poten...

Send us a question/idea/opinion direct via text message! Making up for a few quieter weeks of data releases, this week the show is jam packed of official data releases as well as a few other pieces of news which piqued Nick and Kelvin's interest. Reserve Bank lending data for August leads the discussion, followed by filled jobs, confidence data and dwelling consent figures. A look ahead to th...

Send us a question/idea/opinion direct via text message! After yet another quiet week for data releases Nick and Kelvin take the opportunity to better discuss the report released last month by the Housing Technical Working Group (MHUD, Treasury, RBNZ) assessing the NZ housing system .  Two recent podcasts at ' On the Tiles ' and ' When the Facts Change ' recently interviewed le...

Send us a question/idea/opinion direct via text message! Making up for a quieter week prior, last week had a few of the more higher profile data releases. First up the GDP figures for Q2 were released by Stats NZ, with the main headlining being that we avoided a recession, but as Kelvin regularly points out does it really matter if confidence and sentiment is so low it felt like a recession anyway...