The CoreLogic House Price Index (HPI) for July leads the discussion today and flows through to the consideration of negative equity for some recent buyers, particularly in the Wellington region.
The availability and cost of lending remains central factors to watch, so recent announcements of further changes to CCCFA, stronger mortgage rate competition and the opportunity of more high-LVR loans provide intrigue on where the market is heading.
A surprising (minor) lift in the unemployment rate caused a bit of overreaction in the market but shouldn't be fully dismissed and are we truly, finally seeing signs of a reduction in consents for new builds?
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