Kelvin is out of isolation and there is plenty of data, particularly from CoreLogic, to chew over. Firstly the House Price Index data for June was released last week, further illustrating the embedded downturn we're in. Nick's release pondered where to from here, noting interest rates, including the official cash rate (OCR) which is being reviewed by the RBNZ this week, as a key determining factor.
The other data update was the CoreLogic Buyer Classification series for June, showing further (expected) falls in activity, but relative strength from both first home buyers and multiple property owners.
For the rest of the week Kelvin has his eyes on Stats NZ for both migration data and their rental index - both are likely to paint a tougher picture for landlords.
The full recording of the Climate Finance Panel from last week is available now, and for a great written overview Newsroom were in attendance too.
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