A number of relevant economic and property market releases lead to a wide-ranging discussion on the state of the NZ economy and the future of the property market (without interest rates dominating!).
GDP figures for Q1 showed a contracting economy, to most people's surprise, while the REINZ sales volumes and HPI reaffirmed the market weakness - with the nationwide index now 6% below the peak in November 2021.
Meanwhile the rental index figure illustrates slowing growth for rents but still well above the long term average, but can it continue? Along with considering that question Kelvin and Nick also analyse the latest migration stats - what they're showing, but does it matter?
Kelvin's article analysing the May Buyer Classification data is up on the website, while the monthly video is also live.
Don't forget to register for the Climate Change Panel, hosted by Bernard Hickey (and listen to last week's podcast) and if you work for the Government, register for this week's online market update presentation too.
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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