The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message! The Reserve Bank has followed through on what ‘the markets’ and bank economists were expecting, with a 0.50% OCR cut today. Inflation is considered to already be back in the target range (official data due Tuesday 16th) and the economy is weak, with the RBNZ noting we have ample spare capacity in NZ. Check out today’s reactionary pod for Nic...

Send us a question/idea/opinion direct via text message! This week it's a special edition guest PLUS Monday data round up. Along with Kelvin, Nick welcomes Richard Vaughan, Regional Director at Opteon Solutions to the pod.  As Nick is fresh off a family holiday in Rotorua, he offloads to Kelvin and Richard to fill him in on a busy week for the property market, including:  The Corelogic Home V...

Send us a question/idea/opinion direct via text message! It’s a busy period at the moment for work travel and holidays, so this week’s episode is appearing a few days early – and we kick things off by looking at NZ’s $1m+ property markets, some of which are no surprise (e.g Auckland, Queenstown), but also some which aren’t quite as obvious. Meanwhile, the recent economic data – such as the NZ Acti...

Send us a question/idea/opinion direct via text message! With Kelvin away on holiday Nick calls up Mark Harris from New Zealand Sotheby's International Realty hear what's going on the premium property market, including the always-of-interest Queenstown Lakes district.  Mark also speaks about the impact of the foreign buyer ban and the potential for it to be loosened in order to increase...

Send us a question/idea/opinion direct via text message! Following the latest update to the CoreLogic Mapping the Market tool , visualising values and value change by suburb, Nick and Kelvin discuss some of the results as well as the awesome level of info freely available to anyone who's interested. The results illustrate the recent weakness of the property market, but also the importance of...

Send us a question/idea/opinion direct via text message! A week on the road, combined with the latest HVI data and RBNZ lending stats leads Nick and Kelvin to discussing all the considerations for picking the term of fixed loans.  There's also Stats NZ building work put in place data for Q2 to cover off the other key topic of the moment - construction. While caution remains, there appears to...

Send us a question/idea/opinion direct via text message! Kelvin's article is the main source of conversation this week, as the recent lift in upsizers and smaller investors takes focus, as well as a look into who are securing recent new builds.  This also flows well into a chat about the latest RBNZ lending data looking into market reaction from looser LVRs and DTIs. Another key point of note...

Send us a question/idea/opinion direct via text message! This week, Nick chats to Cam Muggeridge, Adviser for Loan Market Central , in Auckland. Cam has extensive knowledge of the lending sector, insurance, and property development industry. With his experience coming up through the advisor world, Cam has a thorough understanding of the home loan process and a passion for making that process easy...

Send us a question/idea/opinion direct via text message! This week, off the back of the release of the latest Monthly Chart Pack , Nick and Kelvin discuss the stats of listings on the market, both for sale and for rent.  There are so many factors to consider, including migration, investor regulations, local job markets and first home buyer activity and the truth is there's no easy explanation...

Send us a question/idea/opinion direct via text message! 5 days later and the OCR cut to 5.25% still feels like big news. Since the call from the RBNZ, Nick and Kelvin have both been out in the market gathering responses from the market and today Nick details some figures to help answer the question "how far do interest rates need to fall before the dent-to-income restrictions kick in?"...

Send us a question/idea/opinion direct via text message! In this quick podcast Nick and Kelvin give their reaction to the just-released MPS and with it, a drop in the OCR. Sign up for news and insights or contact on LinkedIn , X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.com This podcast is for educational and entertainment purposes only and does not con...

Send us a question/idea/opinion direct via text message! With the Labour market stats covered off in the reactionary pod last week, Nick and Kelvin's minds turn quickly to the big release from the RBNZ this week, their Monetary Policy Statement.   There's has been plenty of speculation, criticism and advice about what to do but ultimately it's hard not to see the Bank being consiste...

Send us a question/idea/opinion direct via text message! This week, Nick chats to Michelle Isemonger, Adviser for Loan Market East, in Auckland. Michelle brings a youthful exuberance to being an advisor while drawing extensively from the successful experience around her. Nick and Michelle cover a lot in this chat, from first home buyer priorities to mover preferences, all the way to what's go...

Send us a question/idea/opinion direct via text message! In this quick podcast Nick and Kelvin give their reaction to the just-released Labour Market stats for Q2. Nick reckons they're pretty 'meh' and Kelvin's take is that it probably reduces the chance of a cut to the OCR, as some bank economists have called for, next week.  Recent volatility across global financial markets,...

Send us a question/idea/opinion direct via text message! In exciting news for the CoreLogic Research team, and fellow housing data nerds, we've now got a brand new index to measuring housing value change over time! The launch of the CoreLogic hedonic Home Value Index firstly reported a further fall in property values in July, the fifth month in a row for the 'renewed downturn'. This...

Send us a question/idea/opinion direct via text message! This week the guys chat about June lending data from the Reserve Bank and improving consumer confidence data. There's always a bit below the surface to pay attention too so the quieter week for data allows for a deeper look into these data.  Also, what's behind NZ townhouse boom? That's the question Kelvin posed as he delved i...

Send us a question/idea/opinion direct via text message! Following their own BSOD issues amid the CrowdStrike nightmare, the guys finally get a chance to catch up to review the week that was in the property market.  As it turns out it was a good chance to take stock of the overall market, amid the release of the latest CoreLogic Monthly Chart Pack and monthly video .  REINZ' latest data for J...

Send us a question/idea/opinion direct via text message! In this quick podcast Nick and Kelvin give their reaction to the just-released CPI data for Q2. Headline inflation is now just above the target band of 1-3% but there's plenty of detail and nuance to discuss. Most importantly, what will the RBNZ Monetary Policy make of it when they next meet on 14 August? Sign up for news and insights o...

Send us a question/idea/opinion direct via text message! Every week seems to be coming with a little bit more hope of relief for mortgage holders and this week is no different. Following the change in tone of the RBNZ's OCR statement last week, we can now add weak economic data in the form of the NZ Activity Index for June, migration turning negative and further weakness for the property mark...

Send us a question/idea/opinion direct via text message! This week, Nick chats to Dan Bailey, Adviser for Loan Market Capital & Coast. Before Nick and Dan get into the advisor world, including Dan's experience of the current market, the three guys quickly review the just-released OCR review. In the review, the RBNZ held the rate at 5.5%, but notable softened their stance of the economic e...

Send us a question/idea/opinion direct via text message! There's plenty of property data and news to get into this week as Nick welcomes back Kelvin from a week away from the pod. The CoreLogic House Price Index showed further struggles for the housing market, particularly in Auckland, but perhaps the biggest news came from the Housing Minister who detailed the Government's 'Going f...

Send us a question/idea/opinion direct via text message! With Kelvin away, Nick calls up Ed McKnight, Resident Economist at Opes Partners to discuss everything that's going on in the market right now.  Nick and Ed talk through the couple of data releases from last week which are limited to ANZ's confidence survey data and RBNZ lending figures, but they provide plenty of fodder for conver...

Send us a question/idea/opinion direct via text message! How real was the property value growth experienced at the end of 2023? Off the back of the CoreLogic housing chart pack release as well as the REINZ HPI for May, Nick and Kelvin question whether we're in a renewed downturn, or whether it's essentially same one as last year. Sounds a bit grim for homeowners and add in a still-strugg...

Send us a question/idea/opinion direct via text message! This week, Nick chats to Nigel Ho, owner of and mortgage advisor at Agile Financial Services in Christchurch. Nigel has a long and successful career in the financial services industry with a unique experience in helping new migrants understand their financial situation, especially how it applies to the possibility of buying a home in NZ. Nig...

Send us a question/idea/opinion direct via text message! In this quick podcast Nick and Kelvin give their reaction to the just-released GDP data for Q1. Sign up for news and insights or contact on LinkedIn , X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.com This podcast is for educational and entertainment purposes only and does not constitute financial,...