With the dust now settling on the new policy measures, evidence suggests that the effects on the market may not be as significant as initially thought, says CoreLogic Senior Research Analyst Kelvin Davidson It has been two weeks since the Government’s announcement to extend the Brightline Test and to taper/remove mortgage interest deductibility for investors. Continue →

Last week’s housing announcement has drawn attention all over the country, and with CoreLogic data showing the highest rate of value growth in 15 years, it would appear this heightened attention is justified – CoreLogic Head of New Zealand Research Nick Goodall explains Nationwide values increased by a further 2.2% in March, which takes the annual growth rate to 16.1%, the highest rate of growth since January 2006. Continue →

The unrelenting pace of property sales continued in February, with a 14.6% uplift on sales volumes compared to the same time last year according to the latest data from the Real Estate Institute of New Zealand (REINZ) In February, 9 out of 16 regions saw annual increases in sales volumes. Continue →

A new CoreLogic report on women and property reveals more about the apparent gender wealth gap, finding that men own 31,000 more properties than women in New Zealand CoreLogic’s latest comprehensive report, Women and Property: State of Play, provides an enlightening view of who is most engaged in the property market by gender, why the numbers break down as they do, and what institutions can do to promote higher rates of property ownership across the board. Continue →

The CoreLogic House Price Index (HPI) for February 2021 suggests a housing slowdown could be on its way, with Tauranga the first of the main centres to see a month-on-month drop in house prices The recent upward momentum in the NZ residential property market continued through February, although the Tauranga decline could be a signal of things to come. Continue →

Although incomes have fared better than might have been expected given COVID, average household incomes have not kept pace with property value growth, CoreLogic’s latest Housing Affordability Report reveals Since the last bi-annual CoreLogic NZ Housing Affordability Report in August 2020, the economy and property market have undergone largely unexpected and dramatic upturns. Continue →

The median house price across New Zealand sits at $730,300 as of January, down from $749,000 in December, yet REINZ Chief Executive Bindi Norwell is still positive Usually, in January the residential property market slows down, and prices ease off a bit as people head to the beach for their summer holidays, but the housing market was busier and more buoyant than we would usually see at this time of the year. Continue →

The New Zealand residential property market has continued to grow in the first month of 2021, with some areas experiencing a long awaited resurgence, CoreLogic finds The CoreLogic House Price Index (HPI) for January 2021 shows nationwide property values continued to grow over the month, increasing by 2.2%. Continue →

Investors’ market share has soared to 27%, CoreLogic research reveals, prompting speculation that further intervention by government and regulators might be needed to rebalance buyer activity CoreLogic NZ’s latest Property Market & Economic Update cements evidence from a number of market indicators that investor demand has surged back to 2016 levels.  Continue →

As the total pool of properties available for sale falls to record lows, this is continuing to put pressure on house prices, with the country seeing a new record median house price for the fourth month in a row, REINZ reports Median house prices across New Zealand increased by 19.3% from $628,000 in December 2019 to a new record median price of $749,000 in December 2020. Continue →

CoreLogic’s Best of the Best Report shows 2020 in review and reveals what 2021 might herald for the property market New Zealand is in the middle of an unexpected, unpredicted property boom – so who received the biggest Christmas present in the form of equity increases? Continue →

Latest Census data from Stats NZ suggests 10% (191,646) of New Zealand dwellings are unoccupied – a figure which includes bach ownership The regions around the country with the greatest proportion of unoccupied dwellings are those with large numbers of holiday homes, including Great Barrier Island 51%, Waiheke 36%, Thames-Coromandel 49%, Taupo 32%, Ruapehu 33%, MacKenzie District 42% and Queenstown-Lakes 28%. Continue →

Home-owners who use a real estate agent to sell their home can expect to get on average 15% more for the property than they would by selling it privately, an REINZ analysis reveals This is the highest level of premium we’ve seen in 18 years, with the premium having slowly increased over the last few years from 8% back in 2015, lifting to 11% in 2016, 12% in 2017, dropped to 5% in 2018, 6% in 2019 and has now risen to 15% in 2020 highlighting the true value an agent can bring to the process of selling your property. Continue →

November saw 9,885 properties sold, the highest since March 2007, but will a lack of listings and rising house prices hinder a strong looking summer? Continue →

The property market is one of the most talked about topics right now and the latest affordability measures from CoreLogic shows us why The centre point of much of the market commentary is the Reserve Bank of NZ (RBNZ) and their role or otherwise in minimising financial stability risks related to the property market. Continue →

Queenstown’s property market was one of the worst hit by Covid-19, but has proved remarkably resilient, with confidence growing again and big infrastructure spending in the pipeline, a Colliers International report finds The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. Continue →

The Government is being urged review the Home Start grant thresholds for first home buyers following the rapid pace at which house prices in New Zealand have grown In the last 12 months, median house prices across the country have risen by 20% which now means that only 33% of properties in New Zealand are below the threshold to be eligible for the home start grant down from 40% in June. Continue →

October saw the highest number of properties sold in nearly five years as 10 regions saw record median house prices, including Auckland which has now hit $1,000,000, the Real Estate Institute of New Zealand (REINZ) reports   Median house prices across New Zealand increased by 19.8% from $605,000 in October 2019 to a new record median high of $725,000 in October 2020; and up from $689,000 in September this year (a 5.2% lift). Continue →

Auckland’s suburban apartment market is outperforming the once-dominant CBD, with a recent Colliers survey finding the best-selling project is located in the suburban hub of Albany Risland Albany comprises 141 affordable units in a medium-rise apartment building with a secure basement car park, located only two minutes from Westfield Albany, the busway and motorway. Continue →