The NZ Property Market Podcast
Brought to you by CoreLogic and produced by Agents TV. 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
The NZ Property Market Podcast
Housing market still sluggish but there are lots of $1m+ areas
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It’s a busy period at the moment for work travel and holidays, so this week’s episode is appearing a few days early – and we kick things off by looking at NZ’s $1m+ property markets, some of which are no surprise (e.g Auckland, Queenstown), but also some which aren’t quite as obvious.
Meanwhile, the recent economic data – such as the NZ Activity Index – hasn’t done anything to change the strong odds that the OCR is cut again on 9th October, which will keep the downwards pressure on mortgage rates. The effects of that are already showing through in mortgage lending activity, which is rising, with low-deposit activity also picking up.
Looking ahead, we’re awaiting filled jobs data, business confidence, dwelling consents, and figures on the loan terms being chosen by new borrowers – short fixes have been popular lately, so it’ll be interesting to see how August’s figures shape up.
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