The NZ Property Market Podcast

Ep. 40 - Spring listings lift held back, rents ease and confidence 'could be worse'

September 14, 2020 CoreLogic NZ Season 1 Episode 40
The NZ Property Market Podcast
Ep. 40 - Spring listings lift held back, rents ease and confidence 'could be worse'
Chapters
The NZ Property Market Podcast
Ep. 40 - Spring listings lift held back, rents ease and confidence 'could be worse'
Sep 14, 2020 Season 1 Episode 40
CoreLogic NZ

In Episode 40, Nick kicks off with recognition of Te Wiki o te Reo Māori (Māori Language Week), before a quick discussion on Kelvin's weekend away embracing everything Taupō has to offer (while always scoping economic health and potential impacts on the property market!) 

Agent activity is back to early August levels (before the latest restrictions were imposed) but the recent drop has already been noted in reduced for-sale listings coming to market at a time when we should've seen a lift for spring.

Kelvin then reviews ANZ's latest business confidence survey as the bank says things 'could be worse', and with the wage subsidy about to end we'll see if that's the case very soon. 
There's also MBIE data showing rents easing, net migration continuing to fall and REINZ reporting strong sales volumes, though Nick has a word of warning around some earlier comparisons to 2019 volumes being a little selective.

The latest mapping the market interactive is live here https://www.corelogic.co.nz/mapping-market

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

Show Notes

In Episode 40, Nick kicks off with recognition of Te Wiki o te Reo Māori (Māori Language Week), before a quick discussion on Kelvin's weekend away embracing everything Taupō has to offer (while always scoping economic health and potential impacts on the property market!) 

Agent activity is back to early August levels (before the latest restrictions were imposed) but the recent drop has already been noted in reduced for-sale listings coming to market at a time when we should've seen a lift for spring.

Kelvin then reviews ANZ's latest business confidence survey as the bank says things 'could be worse', and with the wage subsidy about to end we'll see if that's the case very soon. 
There's also MBIE data showing rents easing, net migration continuing to fall and REINZ reporting strong sales volumes, though Nick has a word of warning around some earlier comparisons to 2019 volumes being a little selective.

The latest mapping the market interactive is live here https://www.corelogic.co.nz/mapping-market

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