The NZ Property Market Podcast

How underwhelming is the underwhelming upturn?

May 20, 2024 Season 5 Episode 21
How underwhelming is the underwhelming upturn?
The NZ Property Market Podcast
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The NZ Property Market Podcast
How underwhelming is the underwhelming upturn?
May 20, 2024 Season 5 Episode 21

Still pretty fresh from the incredible game, but disappointing result, from the Phoenix on the weekend, Nick gets it all off his chest early to then refocus ahead of a big week for the property market with the RBNZ Monetary Policy Committee meeting on Wednesday. 

It comes as the range of economic data recently released is a bit mixed. Migration is slowing, but still high, rental growth is also slowing but the economy is showing further signs of resilience. 

From a property market perspective - most recent data has been decidedly weak - particularly the HPI from REINZ, causing a rethink to Nick's 2024 expectation and consideration of just how underwhelming 2024 could actually be.

The full Pain & Gain report for Q1 is available on the CoreLogic website and the monthly chart pack will be up soon, as will the monthly video on the Youtube channel.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Show Notes

Still pretty fresh from the incredible game, but disappointing result, from the Phoenix on the weekend, Nick gets it all off his chest early to then refocus ahead of a big week for the property market with the RBNZ Monetary Policy Committee meeting on Wednesday. 

It comes as the range of economic data recently released is a bit mixed. Migration is slowing, but still high, rental growth is also slowing but the economy is showing further signs of resilience. 

From a property market perspective - most recent data has been decidedly weak - particularly the HPI from REINZ, causing a rethink to Nick's 2024 expectation and consideration of just how underwhelming 2024 could actually be.

The full Pain & Gain report for Q1 is available on the CoreLogic website and the monthly chart pack will be up soon, as will the monthly video on the Youtube channel.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz