The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message! Nick is back on deck after household COVID isolation and there's lots of data and other information to review.  A look back at the CoreLogic House Price Index release for March brings up a conversation around how the market performed in the last major downturn, following the Global Financial Crisis, as well as the statement that we may...

Send us a question/idea/opinion direct via text message! Nick starts this week by removing the elephant in the room – he has COVID! Tough weekend, but just maybe there’s light at the end of the tunnel. The guys then launch into a discussion of February’s filled jobs numbers from Stats NZ, which showed the first monthly fall (-0.3%) since January last year. This could be ominous for the unemploymen...

Send us a question/idea/opinion direct via text message! As the market moves through a distinctly different phase than the last couple of years, it's ever more important to ensure we're using the right data and statistics to evaluate what's going on. In the last week there have been a couple of examples of why that is. The first was a stuff article headlining the drop in median sale...

Send us a question/idea/opinion direct via text message! In this special guest episode Nick chats to the team of agents who make up the Sold on Kāpiti team, Karl Matakatea, Sanele Chadwick and Chris Judd.  Aside from this turning into an impromptu infomercial for moving to the Kāpiti Coast (!!) the guys cover off a wide range of topics, including the state of the market, with a particular focus on...

Send us a question/idea/opinion direct via text message! With REINZ data for February confirming the market slowdown, many questions are turning to the risk of a greater downturn and what's next for the market. Regional variances, in sales volumes and price movement, are important market indicators to pay attention to.  Momentum is also waning in the broader economy - Kelvin gives his take on...

Send us a question/idea/opinion direct via text message! Some hugely relevant data to cover off this week, and very timely, after the Government last week announced a few tweaks to the Credit Contracts and Consumer Finance Act. This followed a mini-review of the recent changes implemented on December 1, which appear to have impacted 'good' borrowers than intended or necessary.  We'v...

Send us a question/idea/opinion direct via text message! In this special edition podcast, to recognise and celebrate International Women's Day 2022 (IWD), Nick and Kelvin are joined by Kristen Lunmen, founder of Hatch . The theme of this years IWD is #breakthebias and throughout the podcast Kristen provides great insight into how she's done exactly that, as well as tips for how Women can...

Send us a question/idea/opinion direct via text message! It’s another busy week in the property market, with a huge range of data and topics to cover. But first the guys had to cover off the sickness and accidents that hit the Goodall household over the weekend. In the property market itself, one key point of discussion from last week was February’s CoreLogic House Price Index , which confirmed th...

Send us a question/idea/opinion direct via text message! Covid may have hit the CoreLogic Research Team this week, as Kelvin and his whanau have woken up a tad worse for wear today. Unsurprisingly Kelvin still manages to get through the pod with his usual array of commentary and insights on the topical factors impacting the property market. Of course the key point of discussion is the latest RBNZ...

Send us a question/idea/opinion direct via text message! Straight into it this week with the REINZ HPI leading the way after reporting another drop in values in January (following the same in December). This triggers a more critical look at the market factors at play - with a particular focus on the potential for greater weakness in the market, sooner than we'd previously been expecting.  A v...

Send us a question/idea/opinion direct via text message! First up this week is a recap of the Cordell Construction Costs Index (CCCI) for Q4 which was released last week and got a LOT of press.  Then we review the January CoreLogic Buyer Classification data showing the first real signs of tightening credit (LVRs and CCCFA) hitting first home buyer activity. Plenty to look out for this week too, in...

Send us a question/idea/opinion direct via text message! After recapping the results from the CoreLogic House Price Index (HPI) release for January Nick and Kelvin get into a meatier discussion on the state of the labour market, with the unemployment rate falling to another record low 3.2%. Given so many headwinds facing the market, not least the tightening of credit, in part due to the recent CCC...

Send us a question/idea/opinion direct via text message! December's lending data from RBNZ showed a drop in the total value but perhaps not as much as might have been expected given some of the coverage of tightening credit over the last few months. Kelvin gets into some of the detail to help make sense of the real impact of recent changes. There's also plenty of economic data, most of i...

Send us a question/idea/opinion direct via text message! The shift to red in the Covid traffic light system brings with it a quick chat about the potential impact to the property market before a look back at the latest data. Stats NZ's rental index is the first release of interest before a detailed look into the latest REINZ house price index which provided even more evidence of market weakne...

Send us a question/idea/opinion direct via text message! Ngā mihi o te tau hou pakeha (Happy New Year) and welcome to the first podcast for 2022. Nick and Kelvin are back from their respective summer breaks and there's no time to waste, with the lending environment under particular scrutiny.  Changes to the Credit Contracts and Consumer Finance Act (CCCFA) are hogging the headlines, but tight...

Send us a question/idea/opinion direct via text message! In the last podcast for the year, Nick and Kelvin round out all the latest data releases, including the CoreLogic Buyer Classification data for November and Stats NZ's rental index, which provide the discussion points for first home buyer and property investor activity. Kelvin also gives his take on the big economic data which was out l...

Send us a question/idea/opinion direct via text message! With no major data releases in the last week, Nick and Kelvin take the opportunity to do a mini-review of 2021 and look ahead to 2022. This is timed nicely with a few other CoreLogic pieces doing the same. The Best of the Best report will be public on Tuesday 14 Dec and covers a look back at how the country performed in the last 12 months at...

Send us a question/idea/opinion direct via text message! After a quick acknowledgement of Kelvin's Birthday and the incredible achievement of Ajaz Patel for the BlackCaps Nick and Kelvin chat about the l atest CoreLogic House Price Index (HPI) release which, other than the usual focus on change in property values, looking deeper into the listings situation across the country. Then, a review o...

Send us a question/idea/opinion direct via text message! Yet again the Reserve Bank is front and centre with a number of releases to chew over. In the last week they released their Monetary Policy Statement (MPS), which always includes an Official Cash Rate (OCR) review as well as the October lending breakdown and they officially commenced consultation on the potential introduction of debt-to-inco...

Send us a question/idea/opinion direct via text message! After running through the two big CoreLogic releases from last week (CCCI report and Pain & Gain report ), Nick and Kelvin delve into the newly released debt-to-income (DTI) data from RBNZ. The data helps shape the discussion around the potential impact of the as-yet-unconfirmed caps that may apply, and plenty of investors will be affect...

Send us a question/idea/opinion direct via text message! Off the back of the release of the CoreLogic First Home Buyer report for Q3 , Nick and Kelvin discuss the factors leading to their record share and then consider how things might play out in coming quarters, given tightening credit conditions.  Rising rents are inherently intertwined in the state of the first home buyer market, so we've...

Send us a question/idea/opinion direct via text message! Nick and Kelvin firstly review the Corelogic House Price Index data for October before getting into the detail of the few RBNZ releases last week. Firstly the Governor gave a speech to the Property Council, which was released to the market, alongside a paper investigating the measures of house price sustainability.  There's plenty to di...

Send us a question/idea/opinion direct via text message! With plenty of change occurring and more coming in the lending space, Nick and Kelvin spend a bit of time talking about the Reserve Bank, regulation and BNZ's announcement to immediately apply debt-to-income restrictions themselves. Kelvin then provides his usual round-up of macroeconomic releases, including confidence survey results, l...

Send us a question/idea/opinion direct via text message! In episode 100, Nick and Kelvin briefly chat about the origin and story of the podcast before getting back to normal programming and a review of the week that was. Inflation data for Q3 was out last week, and with the annual increase hitting 4.9% yet again the implications to the OCR and mortgage interest rates are top of mind. Kelvin provid...

Send us a question/idea/opinion direct via text message! Last Tuesday we officially launched the Property Vulnerability Index and accompanying report. Nick and Kelvin provide an overview of the analysis, how it can be used and some high level results, but all the content is open and free to check out at your own leisure. Including the webinar , report and article . Kelvin then reviews the latest r...