The NZ Property Market Podcast

Send us a question/idea/opinion direct via text message!Following the release of the Cordell Construction Cost Index (CCCI) for Q3, Nick and Kelvin the state of the construction market, including a few reasons to be optimistic, though it's fair to say caution should still remain.A quieter week for data also allows the guys to provide an update on what's happening from a listings perspective - both for sale and for rent, plus there's a usual economic round-up (PSI, card sales) and REINZ sales ...

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 inflation data for Q3.Headline inflation is now within the target band of 1-3% but there's plenty of detail and nuance to discuss, including the breakdown of tradeable to non-tradeable and the upside and downside risks of what's to come. Perhaps most importantly, what could it mean for the next OCR decision on November 27? Is a 75 basis point cut on t...

Send us a question/idea/opinion direct via text message!This week, Nick chats to Logan Reardon from Loan Market Auckland.Logan has experienced a meteoric rise in the lending world as he's become an elite advisor in little more than 5 years in the industry. Logan has amassed a dedicated team in a very short time period - all tasked with getting the best result for their clients. Logan isn't afraid to touch on difficult discussion points either, such as the conversation with those unfortun...

Send us a question/idea/opinion direct via text message!Befitting it's importance the RBNZ MPR and OCR review leads the podcast once again. With a few more days to digest the decision the conversation turns to the potential impact to the property market and what the next decision might be - is a further 0.75% really on the cards?Of course it's all down to inflation, which puts this Wednesday's CPI data for Q3 firmly in the spotlight. A drop from previous 3.3% is almost guaranteed but where wi...

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 Value Index results for August.Stats NZ Census data, including home ownership figuresGovernment a...

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 foreign investment into the NZ economy. Mark then delves into other policy changes - shortening of ...

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 keeping a long term view as the better-looking 12 month view shows.Then from an economic perspective the...

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 be signs of optimism, though we also wouldn't get carried away with any rays of sunshine foreshadow...

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 reamins the higher levels of bank switchers too.From a broader economic perspective there's a prom...

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 to understand and as stress-free as possible for his clients.In this chat with Nick, Cam outlays how...

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 of why the markets are where they are currently at. The latest read of data can help though.Elsewhe...

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?"Kelvin then takes us through the release of the CoreLogic Housing Affordability report for Q2 and plenty of m...

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, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

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 consistent with their plan to err on the side of caution and delay any loosening until inflation is truly under contr...

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, particularly Japan, has thrown a bit of a spanner in the works, but ultimately we expect the RBNZ to hold the line ...