The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message! With the RBNZ lifting the OCR, from 0.25% to 0.50%, as widely expected, Kelvin and Nick spend a bit of time reviewing exactly why it has happened, especially in the international context of no other central banks expecting to lift for at least a couple of years. Then there's consideration for what it means for the NZ property market and...

Send us a question/idea/opinion direct via text message! The CoreLogic September House Price Index was released last week and aside from a further slowdown in the nationwide figure, there were some mixed results below that. Nick gives his take on what he thinks is happening before Kelvin delves into the detail about what a new build is according to the Government, as defined for the interest cost...

Send us a question/idea/opinion direct via text message! As they regularly do, the RBNZ keeps us busy and provide plenty of talking points when it comes to the property market. This week Nick and Kelvin reflect on the August lending figures and The Bank's confirmation of tighter lending restrictions for owner occupiers. Kelvin also notes that the interest deductibility changes come into effec...

Send us a question/idea/opinion direct via text message! Rental price data is one of the most highly anticipated data releases these days with so much focus on landlords and their costs but interpretation of the data is unfortunately not straight forward. Nick and Kelvin do their best to evaluate where things are at, but all should be clearer in the next few months. The guys also review the latest...

Send us a question/idea/opinion direct via text message! Housing affordability is probably the number one topic of interest for kiwi right now (yep, above even Covid-19!) and last week we released the bi-annual CoreLogic Housing Affordability report , relating to data at the end of Q2.  Unfortunately the results paint a pretty grim picture for would-be home buyers, and with increasing interest rat...

Send us a question/idea/opinion direct via text message! The CoreLogic House Price Index for August was released last week and while the overarching trend of the market slowdown hasn't changed the short term outlook has shifted slightly, due to the latest lockdown. But it's also worth noting what's different this time around. Once again the Reserve Bank come through with more talkin...

Send us a question/idea/opinion direct via text message! After a busy week of media interviews, in response to the release of the Pain & Gain report , both Nick and Kelvin give their take on why "it's different this time" when considering the market prospects once we come out of lock down. Nick then covers off the latest figures tracking appraisals generated by agents (using Pro...

Send us a question/idea/opinion direct via text message! What timing for the lockdown to occur! Just as we were awaiting the Reserve Bank Monetary Policy Statement (MPS) and subsequent lift to the Official Cash Rate (OCR), we were put into a snap lockdown, and everything changed! The OCR stayed flat with the Reserve Bank attributing the decision solely to the lockdown and all the unknowns that com...

Send us a question/idea/opinion direct via text message! According to the Corelogic Buyer Classification, first home buyers secured their largest (equal) share of purchases in July, but as previously discussed this is likely to change, with tighter lending restrictions ahead. This includes stricter LVR limits and increasing interest rates, which we'll know more about this Wednesday (2pm) as t...

Send us a question/idea/opinion direct via text message! It seems the property market is allergic to having a quiet week, with the biggest news in the last 7 days being the Reserve Bank's proposal to tighten the loan-to-value ratio (LVR) restrictions for owner occupiers further. This will impact first home buyers the most and Nick and Kelvin discuss the details of that, along with the latest...

Send us a question/idea/opinion direct via text message! A big week of data releases in the last seven days are all in some way, shape or form linked to the potential for the official cash rate to increase at the next monetary policy statement release on August 18. More people in jobs (pre-empting a falling unemployment figure this Wednesday) and strong business and consumer finance - with yet mor...

Send us a question/idea/opinion direct via text message! This week Nick joins Kelvin in Christchurch to record in person for the first time ever!  A look back at the previous week includes a review of the CoreLogic Quarterly Property Market and Economic Report (free to download), which provides a great opportunity to have a broad chat on the state of the market and expectations for the future.  Th...

Send us a question/idea/opinion direct via text message! In a big week for economic data the chances of a lift in the official cash rate (OCR) have increased dramatically.  Nick and Kelvin firstly cover off the Monetary Policy Review from the RBNZ, where they left the OCR on hold, but announced an almost immediate end to Government bond buying - a clear sign of reduced support for a surprisingly w...

Send us a question/idea/opinion direct via text message! In a special guest podcast Nick chats to Rupert Gough, CEO of Mortgage Lab. With so much going on in the lending space Nick and Rupert discuss everything from recent value growth to the trends and impact of the bank of Mum and Dad helping out first home buyers. A review of the latest CoreLogic Buyer Classification data leads to what's h...

Send us a question/idea/opinion direct via text message! We start by looking at the Buyer Classification data for June, and it showed that the expected decline for mortgaged investors’ market share (on the back of the LVR changes) is now firmly underway – and this time it’ll be emphasised by March’s tax changes too. In relation to the current buyer mix, we also cover off some technical aspects of...

Send us a question/idea/opinion direct via text message! The latest CoreLogic House Price Index data threw up a few surprises regionally - Gisborne, New Plymouth and Napier all experienced minor drops over the monthly measure. This leads to Nick and Kelvin considering whether we're in for a slowdown in growth or more of a downturn in values.    A recent report from S&P ratings suggested t...

Send us a question/idea/opinion direct via text message! We're now three months since the 'big, bold' Government housing announcement, which included the phased removal of interest cost deductibility for investors and an extension to the Brightline test.  Nick and Kelvin take the opportunity to review any impact from the announced changes. This includes listing supply, mortgage dema...

Send us a question/idea/opinion direct via text message! Last week the Reserve Bank were technically granted permission to add debt-to-income (DTI) limits to their macro-prudential toolkit. With the news, came a paper with plenty of detail into how these mate work and who they might affect. Nick and Kelvin provide their takeaway points after giving the document the once over. One key upshot is tha...

Send us a question/idea/opinion direct via text message! In a slightly shorter pod than usual, Nick and Kelvin review the latest CoreLogic Buyer Classification data, showing investor activity further reducing in May.  While the drop is likely more attributable to the return of the tightened loan-to-value (LVR) limits, the interest deductibility changes for investors also comes up, especially off t...

Send us a question/idea/opinion direct via text message! In a quieter week for data releases Nick and Kelvin share a few anecdotal stories from a week of travel alongside Bayleys and Centuria.  Kelvin provides some insight into the aftermath of the Canterbury floods as well as the latest on his personal new build, plus his take on 'the vibe from the road' after speaking with investors ar...

Send us a question/idea/opinion direct via text message! Last week the Reserve Bank released it's latest Monetary Policy Statement and it provided plenty to chew over from a property perspective so Nick and Kelvin dedicate the majority of this week's podcast to it. Kelvin also covers off recent and upcoming economic data, including filled jobs and confidence data, while Nick previews the...

Send us a question/idea/opinion direct via text message! This week Nick reviews the Government Budget, including Treasury's house price forecast and other implications from announced spending initiatives (or lack of). Kelvin then gives an update on the latest RBNZ data and also what's to come - with their next Monetary Policy Statement due out this Wednesday. Kelvin also covers the lates...

Send us a question/idea/opinion direct via text message! Hosted by Shelley Horton, Head of Valuation Strategy & Solutions, our Women in Business Podcast features lively discussions and tips on leadership and business by some of the top women leaders in the Valuations Industry. Sign up for news and insights or contact on LinkedIn , X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality....

Send us a question/idea/opinion direct via text message! With a bit more data available since the Government's bold changes announced on March 23, Nick and Kelvin run the rule over it all to assess any changes in behaviour.   The banks are also making adjustments to their serviceability calculations, with ANZ the first to advise a reduction in rental income able to be used in income calculati...

Send us a question/idea/opinion direct via text message! Off the back of the release of the CoreLogic House Price Index last week, Nick takes the opportunity to evaluate the performance of the market since the big Government announcement on March 23. The impact on property values is hard to assess, but other measures of market activity are very revealing in terms of a lack of reaction, despite com...