The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message! In episode 51 Nick and Kelvin discuss the release and results of the hugely popular first home buyer (FHB) report which showed how active FHBs have been and what part of the market they've been entering. Full report available here . The RBNZ also released some revealing data with the total value of mortgages on deferral programme dimini...

Send us a question/idea/opinion direct via text message! In episode 50 Nick and Kelvin 'raise the microphone' to acknowledge the half century milestone and spend a decent amount of time reviewing a heck of a week for the Reserve Bank. There's also plenty of October data to chew over - including the CoreLogic Buyer Classification series, NZ Activity Index and REINZ sales data. And in...

Send us a question/idea/opinion direct via text message! In Episode 49 (with shorter intro), there are a few higher profile news stories to chat about, starting with whether or not first home buyers are worsening the housing crisis. But there were also a few 'records' being touted that may not have been as significant as they sound. Kelvin then rounds up the economic data releases from l...

Send us a question/idea/opinion direct via text message! In Episode 48, Nick kicks the pod off by delving into the latest CoreLogic House Price Index data for October. Values have accelerated off the back of continually strong demand and a lack of supply, which are also illustrated by the latest RBNZ lending stats. The labour market continues to weather the COVID storm well, as Stats NZ report fro...

Send us a question/idea/opinion direct via text message! In Episode 47, there's plenty of economic data to chew over, starting with the NZ Activity Index (NZAC). This is the more timely measure of economic activity, essentially pre-empting the official GDP figures. September's result was surprisingly strong and ends Q3 on a solid note. There was also an update to the population growth fi...

Send us a question/idea/opinion direct via text message! In Episode 46, Nick and Kelvin discuss the election result from the weekend and potential implications for the property market. Kelvin then goes over the latest migration data, and provides clarity on the strength or otherwise of NZ citizens on the overall migration picture.  There's also the latest sales numbers for September following...

Send us a question/idea/opinion direct via text message! In Episode 45, Nick is joined by Rupert Gough, CEO and founder of Mortgage Lab and author of 'The Successful First Home Buyer' book. Rupert began working in the mortgage advice industry in 2011 and, after moving to Auckland in 2014, started The Mortgage Lab in early 2017.  He talks to Nick about how the market has reacted to the cr...

Send us a question/idea/opinion direct via text message! In Episode 44, Nick and Kelvin discuss the swathes of data which reflect the recent strength of the market. This includes results from the REINZ/Tony Alexander survey of agents, MBIE rental bond data and the preliminary ANZ Business Confidence data for October. There's also a bit of housing policy to consider as the National Party relea...

Send us a question/idea/opinion direct via text message! In Episode 43, Nick and Kelvin pore over the latest CoreLogic House Price Index (HPI) data, which in general has shown a surprisingly strong property market. https://www.corelogic.co.nz/news/property-market-enters-spring  There are a number of recent economic releases which help understand some of the context for that strength so Kelvin deta...

Send us a question/idea/opinion direct via text message! In Episode 42, Kelvin delves into the latest releases from the RBNZ, namely the Monetary Policy Review (where the Bank reviews the OCR and Quantitative Easing Programme) and the lending stats for August. We also have the latest credit card spend stats and the broader measure of economic activity, the NZ Activity Index for August to mull over...

Send us a question/idea/opinion direct via text message! In Episode 41, Kelvin gives his take on the latest record breaking GDP data for Q2, the key question being is it really relevant anymore, given the more reactive NZ Activity Index (August data out this Friday). The Pre-Election Economic and Fiscal Update (PREFU) was released last week so the guys discuss what it is and how it is relevant for...

Send us a question/idea/opinion direct via text message! In Episode 40, Nick kicks off with recognition of Te Wiki o te Reo Māori (Māori Language Week), before a quick discussion on Kelvin's weekend away embracing everything Taupō has to offer (while always scoping economic health and potential impacts on the property market!)  Agent activity is back to early August levels (before the latest...

Send us a question/idea/opinion direct via text message! In Episode 39, Nick provides an update to previously reported CMA data as the recent drop was overstated, though the message of upcoming listings being restrained remains true. Valuations being ordered keep holding up too, so the recent trend of values remaining firm will likely continue.  Kelvin also wraps up the latest macro-economic data...

Send us a question/idea/opinion direct via text message! In Episode 38, Nick and Kelvin reflect on a busy week where the latest House Price Index was released under the CoreLogic brand and Kelvin took the inaugural CoreLogic Affordability Report to market (via TVNZ Breakfast!) Links for each release below: https://www.corelogic.co.nz/news/corelogic-house-price-index-aug-2020 https://www.corelogic....

Send us a question/idea/opinion direct via text message! In Episode 37, Nick and Kelvin chat about the state of play as Auckland moves down to level 2.5. Appraisals generated by agents are down 62% prior to the latest lockdown, but valuations ordered for mortgages are up 9%. Reserve Bank lending data for July was strong, as was Stats NZ filled jobs data but consumer confidence from the August read...

Send us a question/idea/opinion direct via text message! In Episode 36, Nick and Kelvin chat about the extension of support to the economy off the back of the latest return to social restrictions. This includes an extension to the wage subsidy scheme and the mortgage deferral scheme.  There has been a bunch of data about the potential impact to the economy of the latest lockdown so Kelvin breaks i...

Send us a question/idea/opinion direct via text message! In Episode 35, Nick is back at home due to the latest lockdown and of course that is a key topic which he and Kelvin cover.  Starting off with pre-listing activity which has already taken a dive. Kelvin then provides an in depth overview of the Reserve Bank's latest Monetary Policy Statement, while touching on the (now confirmed) extens...

Send us a question/idea/opinion direct via text message! In Episode 34, Nick and Kelvin work through the surprising unemployment data released from Stats NZ last week as well as the results from the July QV House Price Index. Also, the RTA (Residential Tenancies Act) Amendment Bill passed its final reading under urgency last week, so the lads consider its potential impact to the market. The early...

Send us a question/idea/opinion direct via text message! In Episode 33, Nick and Kelvin (after too much sports chat!) muse over the latest market activity data, showing the beginnings of a lift in listings at the same time as a drop in demand - is it a sign of the market turning? Kelvin speaks about his second interview in a week with TVNZ - this time to discuss the restrained lending figures and...

Send us a question/idea/opinion direct via text message! In Episode 32, Nick and Kelvin discuss the continued flow of strong property and economic related data. Credit card spending and mortgage lending activity are two more data series showing the return to 'normal' levels. Kelvin also chats about his visit from TVNZ news, focusing on rental prices in Queenstown and also his latest mark...

Send us a question/idea/opinion direct via text message! In Episode 31, Nick and Kelvin discuss yet more strong data on the economy and property market. Appraisals generated, new listings to market and valuations ordered are all holding up solidly, especially for this time of the year. And from an economic perspective the NZ Activity Index (early read on GDP) is showing economic activity at simila...

Send us a question/idea/opinion direct via text message! In Episode 30, Nick and Kelvin reaffirm the relative normality the market appears to have found, although the rental market is offering up some interesting insights for property investors to take note of.  Kelvin then chats about his latest market pulse which looked into the apartment market in general (IE. not related to COVID!), and the la...

Send us a question/idea/opinion direct via text message! In Episode 29, Nick and Kelvin assess what happened to property values in Q2 off the back of the recently created quarterly house price index, and as per usual check in with the early market indicators to understand current activity. Kelvin then details the new economic activity measure constructed by Stats NZ, Treasury, and Reserve Bank whi...

Send us a question/idea/opinion direct via text message! In Episode 28, Kelvin details the busy week of Reserve Bank releases last week, including the hold to the OCR and a smaller than expected bounce back in mortgage lending. Market indicators are starting to normalise seasonally, but Nick provides the high level trends and evaluates property demand through bank activity. The guys also discuss t...

Send us a question/idea/opinion direct via text message! In Episode 27, Nick catches up with Richard Deakin who is the head of insurance at CoreLogic NZ. Richard has a long history with CoreLogic in many different roles but most recently as the conduit for insurance companies to help them get the best data to help with their decision making in relation to property. Richard provides excellent detai...