The NZ Property Market Podcast
Brought to you by Cotality, formerly CoreLogic. Each week co-hosts Nick Goodall and Kelvin Davidson will bring you all the latest news, stats and insight to keep you up to date with everything to do with the NZ residential property market. Including sales volumes, house price indices, buyer activity, interest rates, loan-to-value ratio restrictions and all of the macro economic factors that influence our largest asset class. Contact us on twitter @NickGoodall_CL or @KDavidson_CL
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.
The NZ Property Market Podcast
S2.E50 - RBNZ (yet again!)
Send us a question/idea/opinion direct via text message!
Yet again the Reserve Bank is front and centre with a number of releases to chew over. In the last week they released their Monetary Policy Statement (MPS), which always includes an Official Cash Rate (OCR) review as well as the October lending breakdown and they officially commenced consultation on the potential introduction of debt-to-income (DTI) caps.
The OCR was increased by 0.25% - probably the cautious option, but as Kelvin discusses it's all about the forecasts and what happens next.
From a DTI perspective, the key is probably the Reserve Bank's relaxed nature around there being no rush to implement anything. Nonetheless Kelvin has pored over the document to give his take on other points of interest.
To close out the RBNZ section this week, a review of October lending data further solidifies the likelihood of a last hurrah for first home buyers, before high LVR limits were officially tightened on 1 November.
Other brief topics of interest are consumer confidence results (weakening) and upcoming CoreLogic house price index results, business confidence, filled jobs and building consents data (which Nick takes the opportunity from, to remind listeners that not all consents go through to completion).
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
Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.com
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.
