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 tenancy laws and the modification of the RBNZ mandate to focus solely on price stability (inflation).Elsewhere, Kelvin re-summarises the release of the CoreLogic Monthly Chart Pack and the latest lending data from the RBNZ. And if you're interested in sponsoring Nick's fundraising effort (running 60kms) for Movember then you can do so here.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

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 around.Other topics for discussion this week include the latest migration release from Stats NZ and also rental data. The RBNZ published the latest lending data by DTI, which always creates a bit of chat between the lads, and REINZ October report also creates a bit of content to cover.Elsewhere there's a 'new' more timely view of CPI, though it's not fully comprehensive so Kelvin gives his take on how best to digest it. The November video is also live on Youtube.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

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 buyers were also the topic of Nick's appearance on the Newstalk ZB Weekend Collective show, with host Franceska Rudkin. Plus, a new report from new financial series provider Aera added another layer of depth to the 'time-to-deposit' affordability measure for first home buyers, by including forecasted figures of income, house prices and interest rates. Though as Nick and Kelvin discuss all forecasts require caveats and this one is no different.As mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tomorrow, Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association.Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!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

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 time. Nick and Kelvin explain why, especially when it comes to the potential introduction of debt-to-income restrictions.From an economic perspective we also received the Labour Market statistics for Q3, including an update to the all-important unemployment rate. Additionally the NZAC data for Q3 is now complete, giving Kelvin the chance to outlay his expectations for the official GDP figures which are still some 6 weeks away. Throw in business confidence data and dwelling consent figures for September and it's an data degustation!Plus of course, as mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association. Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!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

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 advisor and takes Nick through a bit of Insurance 101 and a day in the life of an insurance advisor.  There are a few key topics which Shona speaks about which are worth following up on, they are the 3%, 3%, 3% rule, levelling insurance and redundancy cover.For good measure, and because Shona will also use the recording on her social channels, Nick provides a bit of insight int o CoreLogic's role in the industry and his 'view in two' (minutes), looking ahead for the property market.Shona can be reached across each of the social media platforms Facebook, Instagram, LinkedIn, email or through the Insurance Market website.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

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 Pack and Monthly video which provide a decent line in the sand for where the property market sits as we prepare to welcome in a new Government. This includes commentary on the strength of first home buyers recently and the listings situation.And of course, as mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association.Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!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

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 need NZ First or not.Either way, Nick and Kelvin run the rule over the consistent, or not-so-consistent policies between the three parties who may make-up our new Government. The bright-line test, interest deductibility and the foreign buyer tax are the key ones which come to mind.There's plenty of data to cover off too, including the somewhat linked migration and rental index data, as well as the CoreLogic Buyer Classification series  - what's the latest on first home buyer and investor activity?REINZ also released their latest index and count of agent-involved sales figures, then there's a look ahead to the big one for this quarter - the all-important CPI release for Q3.Throw in a quick review of the latest NZ Bankers Association (NZBA) report, and a proper re-cap of the figures in the Cordell Construction Cost Index and you've got a bumper 45 minute episode to tune into, to help with all your conversations ultimately designed to help people build better lives!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

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 the fourth decision in a row), but more due to their expectation setting for the next decision, which now looks more likely to remain on hold. There are a few key releases to come before then though, which Kelvin details. The other topic of interest was the construction sector, off the back of consenting figures last week, but also due to Nick delving a bit deeper into the sector. 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

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 businesses has Nick and Kelvin considering the increased likelihood of one more OCR hike, and importantly the timing of it.Kelvin delved into the RBNZ mortgage lending data in greater detail last week and also provides an excellent overview of ASB's recent analysis regarding the impact of migration on the economy and inflation. 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

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 the road' after both were travelling last week and Kelvin also discusses key take-outs from the release of the monthly chart pack (free to download now).Lastly this week, a thanks to Dean for getting in touch, go the ABs, and check out the latest market update video.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

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, providing further evidence of the recovery in values (at a suburb level) so take a look to see what's happening in your area.Elsewhere first home buyers remain active, rental growth continues to increase and net migration is only going in one direction - up.Lastly this week, a thanks to Jason for getting in touch and proposing a couple of useful considerations for anyone wanting to come home from across the ditch. 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

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 slowly swinging back to shorter terms. A quick look at listings volumes shows the spring increase has begun but it's off a low base and with sales also picking up, overall stock levels remain relatively weak.Lastly this week, a look ahead sees a number of releases which will be of interest, including the CoreLogic Buyer Classification series, net migration data, rental prices and the REINZ monthly report for August.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

Today we sit down with the esteemed Steve McMenemy, director and mortgage advisor at Loan Market Auckland. As a veteran in the finance industry, Steve provides us with a deep-dive into the intricacies of the New Zealand property. We walk through the projected growth in the Massey area, and Steve unpacks the vulnerabilities and opportunities in the new build market. In light of the Unitary Plan, we also discuss its impact on the housing market and new build projects.Shifting gears, we delve into the current housing market and the psychology of first-time buyers. Steve shares valuable insights into the factors stoking increased demand and gives practical advice to those grappling with affordability in this fast-paced market. In the wake of recent changes in property investor borrowing, we dissect the implications of removing the ability to offset mortgage interest costs as a tax deduction, as well as the loosening of LVR restrictions.To wrap up our discussion, we turn our attention to the evolving trends in apartment living and reflect on the Reserve Bank's influence on the market. We also explore the role of debt-to-income ratio in bank policies and why more Kiwi are turning to brokers for their mortgage needs. Steve's unique insights and experiences provide a fascinating perspective on these topics, making this a must-listen episode for anyone interested in the New Zealand property market. So tune in and enjoy this comprehensive ride through the NZ property market!Contact Steve at:https://adviser.loanmarket.co.nz/steve-mcmenemy/https://www.instagram.com/steve.mcmenemy/ loanmarket.co.nz/steve-mcmenemy 021 743 494 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

Following the release of the CoreLogic Housing Affordability Report, Nick and Kelvin discuss the state and future of housing affordability, tackling the house price to income ratio, and discussing why, despite improvements, buying a home remains an expensive endeavor. As we navigate this intricate terrain, we ponder whether the simultaneous growth in income and house prices cancels out each other's effects, leaving affordability static.Then it's onto recent lending trends, as reported by the RBNZ, including the impact of changes to the loan-to-value ratio (LVR) restrictions. There's a certain fascination as we dissect how first-home buyers are capitalising on low deposit loans and why investors with larger deposits are experiencing a surge in activity. Yet, we recognise the elephant in the room - the high-interest rates for larger loans and the limited individuals who can shoulder the extra debt for home ownership. In the second half of our discussion, we delve into banking trends and loan repricing dynamics. The implications of cashbacks, equity calculators, and loan-to-value ratio restrictions come under the microscope. Together, we assess the potential impact of recent economic data releases on GDP and ponder the influence of the Chinese economy on the global market. This episode is the perfect blend of deep insights and lighthearted conversation - a must-listen for anyone interested in the nuances of the New Zealand property market. 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

Number one on today's agenda is the Reserve Bank's monetary policy statement and the implications of the unchanged official cash rate. We break down the jargon and sift through layers of GDP, labour market, house prices, and inflation projections, leaving no stone unturned. We also reveal the potential for a rate rise and the nitty-gritty of the decision-making process. Moreover, we plunge headfirst into July's property market report, dissecting the role of first-home buyers, the 'wait and see' approach of investors, and the patchy nature of the market.Particular focus is given into the impact of deductibility on property investment and housing affordability with Kelvin working through an in-depth example. Additionally, we cast a spotlight on regional variations in house prices and their influence on affordability. Lastly we also preview the mortgage lending figures for July and the potential after-effects of the Reserve Bank's loosening of the LVRs on investors and first home buyers. 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

Firstly, our apologies for the late upload of this week's episode, we had some technical difficulties with the file. But, onto the episode...This week, Nick and Kelvin kick-off the pod with a look at CoreLogic's latest Pain & Gain report, including a bit of detail that is often missed in the usual media coverage. Switching gears, we’ll discuss the latest Buyer Classification trends and the shifting dynamics between stronger and weaker buyer groups. Get ready to unravel the implications of these changes using the Reserve Bank's June new lending origination data. Plus, discover how a shift towards longer loan terms might offer a much-needed security blanket for borrowers. We'll also shed light on the rising rental prices, driven by net migration and decreasing vacancy rates. And as a cherry on top, we'll wrap up with a closer look at the Reserve Bank's projections for the official cash rate (OCR). We’ll ponder the possible delay in the first OCR cut and the risks of non-tradable inflation. 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

Ever wondered how the easing of LVR rules has affected the investor landscape? We dig into this, discussing how this change has tipped the scales, encouraging investors to lean towards new builds. The conversation gets even more interesting as we scrutinise the loss of interest-deductibility and its sway on investor involvement. Delving further, we'll face head-on, the challenges and opportunities of investing in a market with low rental yields and interest rates. We discuss the large gap between rental yields and mortgage rates and the potential long-term impacts they might have on the retirement scene. Shifting gears, we'll delve deeper into the economic matters that impact the property market. We'll review the New Zealand Activity Index for June, and the forecasts from bank economists. With an unflinching look at the possibility of a looming double-dip recession, we'll discuss its potential implications on the official cash rate, housing market, and labour force. We promise insightful, nuanced, and engaging dialogue that will leave you more informed and equipped to make decisions in the property investment universe. So, join us for this enriching and enlightening conversation.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

Number one on the running order this week is the recently released 6% annual inflation rate. Engage with us as we dissect this figure, the important non-tradable inflation rate and its implications on the official cash rate.Intrigued by the official cash rate and how it impacts your spending habits? Then this podcast is a must-listen. Brace yourself as we delve into a possible economic scenario where inflation remains high, pushing us towards a new recession. We'll be discussing the various factors that could influence this economic trajectory, such as the lagged effects of the current monetary policy and the number of folks who are yet to reprice their mortgages. Our podcast episode doesn't stop at just inflation and cash rates. We transport you to the heart of the real estate market, analyzing current trends and highlighting the potential challenges and opportunities. We'll put under the microscope the low listing volumes, the increasing evidence of floor prices, and the rising investor selling in Australia. Come aboard as we discuss the current listings running at multi-year lows, the annual increase in sales, and what the future looks like for the New Zealand property market. All these and more, as we explore the intricate world of economics and real estate.Free download of the latest CoreLogic monthly chart packSign 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

Ever wondered how the unchanging official cash rate might influence not only the economy but also your personal life? Kelvin Davidson and I, Nick Goodall, get to the heart of the matter in our latest episode of the New Zealand Property Market podcast. We kick things off with a lively discussion about the recent Reserve Bank OCR decision holding the OCR at 5.5%, highlighting its 'wait and see' approach and the tell-tale signs of a relaxing labour market due to net migration easing skill shortages.Excited to understand the potential risks of a slower rate of inflation? Well, strap in as we discuss how the constant OCR could impact inflation, financial markets, and your household expenses. We'll walk you through the ripple effect of the OCR rate stability on mortgage rates, using the jump from 2.8% to 5.1% as a case study for shaping the economic scene (David Cunningham on LinkedIn). As we move towards the final part of our episode, we'll be shedding light on the potential upswing in the property market. The trends in rental prices, the cost of living crisis, and the influence of migration on the market are all on the table for discussion. We'll also be scrutinising the most recent sales volumes and house price index data from REINZ. Is there a potential for a 'dead cat bounce'? Cordell Construction Cost Index for Q2Monthly video up 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

This weeks episode is brimming with insights, as we untangle complexities and delve into the data from CoreLogic's House Price Index. The property market is behaving in mysterious ways, with a downward trend across the nation, but certain regions like Auckland experiencing a sharper decline.Ever wondered how the dynamics of the property market might impact first-time buyers, particularly in a time of flux? We'll walk you through the intricacies of identifying market troughs, and examine the factors leading to some homes performing better than others. With decreasing supply, increasing demand, and relaxing lending restrictions, we ponder the likelihood of the market hitting a stable floor soon. But make no mistake, the market is still a beast of unpredictability, facing affordability pressures and high mortgage rates.We also touch upon the effects of the election on the market, the financial dynamics between renting and owning a home, and the role of the Bank of Mum and Dad and KiwiSaver in assisting first-time buyers. Lastly, we'll also be looking ahead, discussing key releases such as Cordell Construction Cost Index, Stats New Zealand's migration data and rental prices, and the Real Estate Institute's house price index. So, grab your headphones and get ready for an enlightening journey into the New Zealand property market!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