The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message! Quite a bit of the data over the past week has reiterated the idea that this recovery, while ongoing, could prove to be patchy/variable/uneven – or whichever synonym you like. According to the latest CoreLogic Report , affordability has improved on some measures since 2021, but not on others – e.g. mortgage payments as a % of gross average h...

Send us a question/idea/opinion direct via text message! At face value, a rise in unemployment could never be a good thing …. but as the guys discuss this week, it’s a bit more nuanced than that. For a start, last week’s rise in the unemployment rate wasn’t driven by job losses, but instead a larger increase in the pool of available workers. And a 4% unemployment rate is still very low anyway. Tho...

Send us a question/idea/opinion direct via text message! This week, Nick chats to Paulette Trotter, director and advisor at Loan Market Auckland, who was the number 1 mortgage advisor in NZ in 2023. Paulette's experience in the industry is vast and hugely successful. In this discussion Paulette discusses how the property market has kicked off in 2024, with first home buyers remaining a consis...

Send us a question/idea/opinion direct via text message! The guys kick off this week’s discussion with a look at our house price index for January, which showed a smaller rise in values (0.4%) than in both November and December. With mortgage rates still pretty high, a mixture of weaker and stronger months for property values shouldn’t be a surprise. So then it’s just a choice of which adjective/s...

Send us a question/idea/opinion direct via text message! More heat across the country and plenty of data to talk about this week too, starting with the latest inflation figures for Q4 2023. The CPI/inflation trend is definitely in the right direction, but with domestic/non-tradable prices such as rents and council rates still a bit problematic, the OCR isn’t likely to be cut in the near term. But...

Send us a question/idea/opinion direct via text message! This week Nick and Kelvin kick off with a discussion of the latest CoreLogic House Price Index, which went out in the same week as the REINZ and QV measures. The guys discuss the results from our index, as well as some of the similarities and differences between all the measures, some which were highlighted in a Stuff explainer article .  La...

Send us a question/idea/opinion direct via text message! We're back for 2024 and it's straight into a look back at data releases so far this year.  Firstly the Cordell Construction Cost Index (CCCI) for Q4 2023 showed cost inflation is moderating (not declining) and with building consent data for November to also discuss there's a bit of time given to preview the health and prospect...

Send us a question/idea/opinion direct via text message! In rounding out the year, there's coverage of the Best of the Best report , the upcoming chart pack and the now-live monthly video . Plus, amongst a number of data releases there were a couple of RBNZ papers to discuss.  Topics covered today: Migration Rental price growth GDP economic data for Q3 REINZ HPI Sales volumes Loan-to-valuatio...

Send us a question/idea/opinion direct via text message! Call it what you will, this week it's all about money, and it's importance when it comes to the property market. Kicked off, due to Kelvin's article on the 10 things to know about mortgage debt right now , Nick and Kelvin detail how the cost and availability of credit truly make the property world go around.  This is true for...

Send us a question/idea/opinion direct via text message! Today, Nick chats to Rodney King, Mortgage Advisor for Loan Market Agile, based out of Christchurch. Rodney has been in the Banking and Finance industry for a number of years and has exceptional experience in finding the right bank or lender for every type of borrower.  In a wide ranging chat, Nick and Rodney cover off the current market dyn...

Send us a question/idea/opinion direct via text message! Two key releases were out last week, with the first being the last Monetary Policy Statement (MPS) for the year from the RBNZ. As covered in Kelvin's MPS commentary , it was more about tough talk, not action, with the OCR on hold, but an increase to the forecast peak. "No tolerance for inflation surprises" summarises the RBNZ&...

Send us a question/idea/opinion direct via text message! Following the confirmation of the Sixth National Government of NZ Nick and Kelvin delve into the policy agreements (and disagreements) and probable implications. They cover the ruling out of the foreign buyer tax, the (faster) reinstatement of interest cost deductibility, the (likely) shortening of the bright-line test, changes to the tenanc...

Send us a question/idea/opinion direct via text message! The latest Corelogic Pain & Gain report always provides an interesting lens to look through the market with and this quarter is no different. On top of the usual comparisons, Nick and Kelvin take the time to look back a bit further to analyse any differences to previous downturns - spoiler alert, it's quite different this time aroun...

Send us a question/idea/opinion direct via text message! This week it's (mostly) all about first home buyers. There's plenty of reason for that - firstly we released our 6-monthly first home buyer report , revealing what they're buying, where they're buying and how much they're paying for it as well as a little bit of insight into how they're doing it.  First home buy...

Send us a question/idea/opinion direct via text message! Plenty of data and information to chew through this week, with the CoreLogic House Price Index kicking things off, and it's official - the downturn is over! A few caveats exist of course, but at a nationwide level the lads are calling it. The latest Financial Stability Report was in some ways stock standard, but interesting at the same...

Send us a question/idea/opinion direct via text message! After a sombre discussion of the weekend’s rugby result, Nick and Kelvin launch into the usual analysis of all the property market data, which has been coming in thick and fast lately. Recent population figures confirm the influence of migration in Auckland, and the effects this is having on rental markets – not just there, but around the co...

Send us a question/idea/opinion direct via text message! Today, we welcome Shona Mookerjee from Insurance Market to talk everything insurance. Often seen as an afterthought and a begrudging purchase, insurance is an important product to support not only homeowners but every person throughout their different life stages. Shona is a passionate, welcoming and incredibly knowledgeable financial adviso...

Send us a question/idea/opinion direct via text message! Following the release of the Consumers Price Index (CPI) for Q3, Nick and Kelvin dig deep into the detail of the inflation data, what all the terms mean, why it matters and what influence it could have over the Reserve Bank's next Official Cash Rate (OCR) decision on November 29.  There's also the latest CoreLogic Monthly Chart Pac...

Send us a question/idea/opinion direct via text message! Aside from a 'quick' breakdown of the All Blacks incredible match and victory over the Irish in the World Cup, it's straight into the result of the General Election where National were the clear winners of the day, though it won't be all plain sailing as we await the counting of special votes to know whether they'll...

Send us a question/idea/opinion direct via text message! The CoreLogic HPI in September showed values plateau nationwide but importantly the NZ market is not all one market, so focus remains on some of the regional differences beneath the surface.  The Reserve Bank took a less aggressive stance in the monetary policy review - not necessarily due to their decision to hold the OCR flat itself (for t...

Send us a question/idea/opinion direct via text message! With plenty of economic data and some lending data to review, much of this week's conversation turns to what it could mean when it comes to the RBNZ's Monetary Policy Review, coming out on Wednesday.  A still-strong labour market, stronger-than-expected economic activity and improving confidence amongst both consumers and businesse...

Send us a question/idea/opinion direct via text message! This week Nick and Kelvin dedicate a large portion of the pod to digest and discuss the latest GDP data release for Q2, even though it's admitadly old news now. But it will feature into the RBNZ discussions when it comes to consideration for their next monetary policy review (on Oct 4).  Elsewhere there's a few 'insights from...

Send us a question/idea/opinion direct via text message! Plenty to get through this week, kicking off with the report which stemmed from some CoreLogic data, trying to replicate the foreign buyer tax estimates from the National Party's proposal. Michael Reddell's detailed blog, including a bit more detail on international experiences is here .  Mapping the market was also updated, provid...

Send us a question/idea/opinion direct via text message! In what was a quieter data week for the housing market Nick and Kelvin again cover off coverage of the tax policies announced by the National Party, following Kelvin's article assessing the potential impact of the changes. From a data perspective, Kelvin reviews the latest mortgage term origination data from the RBNZ - with borrowers sl...

Send us a question/idea/opinion direct via text message! This week Nick and Kelvin quickly run through the latest CoreLogic House Price Index, which showed a modest fall at the national level, and patchy regional patterns - some areas up in August, some down. This patchiness may remain a feature in the coming months.    We then launch into a detailed discussion of how the housing market might look...