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The NZ Property Market Podcast
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The NZ Property Market Podcast

Author: CoreLogic NZ

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Brought to you by CoreLogic and produced by Agents TV. Each week co-hosts Nick Goodall and Kelvin Davidson will bring you all the latest news, stats and insight to keep you up to date with everything to do with the NZ residential property market. Including sales volumes, house price indices, buyer activity, interest rates, loan-to-value ratio restrictions and all of the macro economic factors that influence our largest asset class. Contact us on twitter @NickGoodall_CL or @KDavidson_CL
53 Episodes
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In episode 52 Nick and Kelvin weigh into what is becoming a very heated political topic right now - who is to 'blame' for the runaway growth in the NZ property market, and who needs to do what about it?The CoreLogic Pain & Gain report also provides yet more evidence of the strong market and is available here. And all signs from the CoreLogic Early Market Indicators reporting point to current trends to continue into and out the other side of the holiday break. Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 diminishing throughout October to significantly reduce the risk the proposed end of the scheme presents. And a recap on the early market indicators reveals recent short term trends are likely to persist through the end of the year with agent appraisals slowing and bank valuations increasing.The monthly video is available here. Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 a special treat for the 50th ep, Kelvin delves into the details of the CoreLogic First Home Buyers report ahead of the report going to the media!Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 last week, including building consents and unemployment figures, before looking ahead to an intriguing release from the RBNZ with their Monetary Policy Statement at Wed 2pm.And finally a thanks to Roz for her correspondence about Queenstown!Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 from their 'jobs filled' data. Kelvin provides the detail on this as well as ANZ's latest confidence surveys, which are also leaning towards the positive.There's also foreign buyer stats, and a quick chat about the uplift in early market indicators for both supply and demand.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 figures for every TA (city/town) across the country, so Kelvin provides an overview of the areas with the greatest, and not-so-greatest increases.Then as per usual Nick updates us on what the early market indicators are telling us about immediate property supply and demand, before getting Kelvin to get his crystal ball out for the latest mortgage lending stats.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 the REINZ data release and insight on the strength of mortgage demand through the banks.The latest monthly video is now live at https://youtu.be/PTXV8jVASa0.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 craziness of 2020 and talks through what's happening from a finance assessment point of view through the banks.Rupert has great advice for first home buyers and investors alike and provides great insight into the mortgage advisor world. Check out all CoreLogic Research insights at https://www.corelogic.co.nz/research-news, and get in touch on twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz.Rupert can be contacted at rupertg@mortgagelab.co.nz  
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 released more details of their plans, if they're successful at the election this week.Plus of course there's a bit of discussion on the All Blacks' drawn Bledisloe Cup test which Nick and his family attended!Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 details those which prompts a bit of a broader discussion on the overall state of the market.Add to this Kelvin's recent article analysing Auckland, and a quick look at the early market indicators report and it's another bumper pod you don't want to miss. https://www.corelogic.co.nz/news/hows-aucklands-property-market-travellingCheck out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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. Nick also provides the latest from the CoreLogic early property market indicators, with both appraisals generated and valuations ordered recently playing a bit of catch-up.Kelvin was busy with media last week too, including speaking with Jenée Tibshraeny from interest.co.nz about the effectiveness of the brightline test. Full article is here https://www.interest.co.nz/property/107219/efficacy-using-tax-deter-property-speculation-air-meanwhile-national-campaigns Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 the property market.And the CoreLogic Buyer Classification stats for August show mortgaged investors and first home buyers remain a key presence in the current market, ahead of RBNZ mortgage lending figures coming out this week.Then, looking ahead, Kelvin is keenly awaiting the latest RBNZ review of the OCR and QE programme, while the monthly video is now live. https://youtu.be/wO9ij273AMo Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 restrictions were imposed) but the recent drop has already been noted in reduced for-sale listings coming to market at a time when we should've seen a lift for spring.Kelvin then reviews ANZ's latest business confidence survey as the bank says things 'could be worse', and with the wage subsidy about to end we'll see if that's the case very soon. There's also MBIE data showing rents easing, net migration continuing to fall and REINZ reporting strong sales volumes, though Nick has a word of warning around some earlier comparisons to 2019 volumes being a little selective.The latest mapping the market interactive is live here https://www.corelogic.co.nz/mapping-marketCheck out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 releases in between discussion around RBNZ's latest commentary and the extension of the current alert level restrictions.If you missed last week's big releases, links for each are below:https://www.corelogic.co.nz/news/corelogic-house-price-index-aug-2020https://www.corelogic.co.nz/news/new-corelogic-housing-affordability-report-finds-boost-falling-interest-ratesMore info about the HPI:https://www.corelogic.co.nz/corelogic-house-price-indexCheck out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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-2020https://www.corelogic.co.nz/news/new-corelogic-housing-affordability-report-finds-boost-falling-interest-ratesMore info about the HPI:https://www.corelogic.co.nz/corelogic-house-price-indexCheck out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 reading did take a minor dip, although given the latest restrictions that wasn't surprising.There are also some very exciting CoreLogic releases to chat about, including the first release of the CoreLogic HPI, last week's Pain & Gain Report for Q2 and the impending release of the CoreLogic Housing Affordability Report. Plus CoreLogic have a new website for all your property research needs - propertyvalue.co.nzCheck out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 it all down and the pair also discuss the media coverage of missed mortgage payments from last week.Lastly, Nick covers off the latest insights from the CoreLogic early market indicators as appraisals completed by agents plummeted since the return to lockdown level 3 in Auckland, but demand for mortgages holds up.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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) extension to the wage subsidy and mortgage deferral schemes.There's plenty of economic data to discuss too, as well as the latest REINZ data for July, and recording happened hot on the heels of the announcement of the election date being delayed a month.And the monthly video for August is now live at https://youtu.be/ZSCSLApniewCheck out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 market indicators are also providing some intriguing trends, and then there's plenty to watch out for this week, including the RBNZ Monetary Policy Statement and the NZ Activity Index.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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 why it's probably a good thing.And there's a heap more data to cover too - building consents, foreign buyer stats, jobs filled and confidence surveys.The COVID-19 special edition of the CoreLogic quarterly report is now out and available here. Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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Comments (1)

Andy Murph

turn off your notifications please

Sep 24th
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