The NZ Property Market Podcast

S3.E34 - House price falls gain momentum, but…

CoreLogic NZ Season 3 Episode 34

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The Corelogic House Price Index showed the downward trend in property values gather steam in August but after providing a bit more detail of the results, Nick also mentions the early signs of some light at the end of the tunnel.

The foundation of the NZ labour market appears to remain as solid as ever too, with Kelvin reporting filled jobs increased again in July and business confidence looks to be rising from the doldrums too.

Building consents have (finally) shown signs of tailing off, and while it's still minor, Kelvin thinks it's time to call the turning point, though with the pipeline full and the recent government announcement to support commitments in the sector, a GFC-type bust phase isn't expected.

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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This podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.