Property Insights Blog


Why You Should Ignore Every Interior Trend and How to Find Your Style

Date: 15 November 2018

  Interior trends are for rookies – it’s impossible to jump on to every trend as they pass through, there’s something new every week and although it’s fun to envision, it’s hardly realistic to consider each trend and transform your home and it’s definitely not budget friendly. So, to hell with all of that, to take inspiration is another thing entirely and if that floats your boat then by all means, take that trend and make it your own but by doing a little research you can be guided by your own...


The Art of Adding Texture to Every Room

Date: 08 November 2018

        Texture is one of the holy décor trinity, colour, and shape wrapping up the checklist nicely. With the ability to greatly impact the look of your space, and absolutely the feel, you should consider how to add texture to your interiors in more ways than one.   As a general rule, the simplest way to incorporate texture in a home is through artfully selected textiles. In a living room, this could be a jute rug, or woven cushion. In a bedroom this could be a bed throw or duvet, linen, cotto...


Wellington's property bounce: what's going on?

Date: 07 November 2018

Property values in the capital have picked up the pace again in the past few months, despite the rise of 45% already seen in the past three years (bringing the Capital’s average value to more than $800,000). The bounce in values can be explained by a number of underlying drivers, but the key thing is simply that there’s not much property on the market currently available to buy CoreLogic research analyst Kelvin Davidson writes: October’s CoreLogic QV House Price Index showed that Wellington Cit...


Value Growth Remains Modest

Date: 06 November 2018

  Spring has injected energy into the market, with open homes busy across many parts of New Zealand. Despite this pick-up in activity, supply still remains low which is keeping values at or near their current levels.      First home buyers continue to be a major force across many parts of New Zealand, particularly in the more affordable parts of the Wellington and Christchurch regions. At the same time, New Zealand’s high-value areas - those containing properties with an average value above one...


Herb Garden Do's and Don't's

Date: 02 November 2018

The perfect addition to your dream kitchen, the ultimate herb garden. A small living thing to help grow, with (or without) a green thumb, it is easy enough to sustain and grow. It’s the perfect trial run for beginners before you dive right into a full-fledged veggie patch, but there are a few do’s and don’t’s to consider, ensuring your herb garden is fruitful!   DO Water Them (VERY) Regularly Herbs need a lot of love in the form of water. If you can, install a run off irrigation system or plant...


Property values in Wellington City spring to life as the winter lull for values comes to an abrupt end

Date: 01 November 2018

  According to the October CoreLogic QV House Price Index, property values in Wellington City grew by 3.9% over the last three months. This takes the annual rate of capital gain in Wellington City to 9.6% and illustrates a similar trend to the rebound seen last spring, when the annual rate was a slightly higher 10.0%, after recovering from another underwhelming winter for property values.   CoreLogic Head of Research Nick Goodall said, “A shortage of total properties listed for sale remains a c...


Capital gains vs wages: where has property 'earned' the most?

Date: 31 October 2018

  Over the past 6-7 years, it’s been possible for property owners to ‘earn’ more from their property’s increasing value than through employment. Of course, it’s only a cash profit if they actually sell their property and either relocate to a cheaper area, downgrade to a lesser value home, or exit the market altogether (choosing instead to rent, or to apply their previous property investment fund into a different asset class).  Looking ahead to 2019 however, it’s likely that far fewer suburbs wi...


A slow moving market doesn't necessarily mean weak prices

Date: 24 October 2018

  While Auckland’s property market has been turning over at a relatively slow rate in recent times, listings remain high. This illustrates the city’s affordability problem and its adverse effect on buyer demand, resulting in limited value growth. Wellington has also had a low turnover rate, however, listings are tight and it’s no surprise that the lack of choice for would-be buyers is pushing up values. CoreLogic research analyst Kelvin Davidson writes:   A common assumption doing the rounds in...


First home buyers are still finding a way into the market

Date: 19 October 2018

  First home buyers grew to 24% of all residential property purchases across NZ in Q3 2018, from 18% four years ago. Such growth means that for the first time, they now hold equal market share with mortgaged multiple property owners. Despite high prices, first home buyers are still managing to find a way to buy, with Christchurch and Wellington particularly popular. CoreLogic research analyst Kelvin Davidson writes: The full CoreLogic Buyer Classification dataset for the third quarter of 2018 h...


The NZ Property Market for a developer's perspective.

Date: 18 October 2018

  This week, CoreLogic hosted 22 of Australia’s leading developers from the Queensland Urban Development Institute of Australia Study Tour in Auckland.  The group received insightful commentary on the NZ market, delivered by keynote speaker: Head of Research, Nick Goodall. This was followed by a Q&A session, which saw robust discussion on varied topics including both the supply and construction pieces of the property development puzzle, and any legislative limitations/opportunities. I’ve summar...


Colour Crush: Sage

Date: 16 October 2018

  Ahh sage, the creamier, serene cousin of mint green. Aside from seriously trending on Pinterest, sage’s other talents include, neutralising contrasting tones in a room, amplifying the level of calm in a space, and really mastering the under the radar approach in interiors. Blending effortlessly with natural wood, metalics and contrasting hues. Sage is a seamless way to integrate a taste of colour without impacting the harmony of your space.   There are of course, some considerations, as alway...


Auckland housing supply: some good things, some bad

Date: 10 October 2018

- Kelvin Davidson A recent ‘on-the-ground’ tour around Auckland revealed that new housing construction is moving ahead with infill development a rising trend. KiwiBuild will help to drive even more infill housing, making more efficient use of inner city land (not to mention removing some poor quality housing). However, new sections still seem pretty expensive and transport infrastructure is a problem. CoreLogic research analyst Kelvin Davidson writes: The shortage of housing in Auckland is clea...


The Allure of Pre-loved Pieces

Date: 09 October 2018

  There is a certain charm to sourcing a pre-loved piece. Not only does it feel like you’ve hustled a little harder to find it, but you can more often than not, pick up quality pieces at a fraction of the price. There is a real sense of achievement to a quick fixer-upper that ticks all the boxes for your home. Whether it’s restoring a timber sideboard, reupholstering some cushions or relacquering an outdoor setting, with the right approach, you can source all manner of household pieces – someti...


Balancing Function and Style in your Living Space

Date: 05 October 2018

Your living room is unequivocally one of the most important spaces in your home. It is a space to lounge, to entertain and to reset. You’ll share precious memories in this space, laughs over a glass of wine, and many a Sunday afternoon re energising for the week to come. Your living room has so many functions it’s hard to find the happy medium between functionality and style, balancing the two will be a continuous juggle, dancing the fine line between comfort, and your interior aesthetic.   Con...


KiwiBuild Price Caps: How Do They Compare To Actual Paid Prices?

Date: 04 October 2018

- Kelvin Davidson In the year to date, the median prices paid by first home buyers for two or three-bedroom properties in Auckland, Queenstown and Wellington have been above the KiwiBuild caps. That potential “discount” from buying a KiwiBuild property makes it easy to see the scheme’s appeal to buyers, and that’s before you even factor in that a KiwiBuild property is new but there’s no guarantee of a new-build out on the open market.   FHB median paid prices for 1-bedroom properties, YTD 2018 ...


Property values in Auckland and Christchurch continue to track sideways, while other main centres sprang into action in September.

Date: 03 October 2018

- Nick Goodall, CoreLogic NZ According to the September CoreLogic QV House Price Index, property values in both Hamilton and Dunedin grew by 2.4% over the last three months. This holds the annual rate in Dunedin above 10% reflecting relatively consistent growth rates in the lower south, but it is quite the change in trend for Hamilton, where values had begun to plateau from March this year.    In more good news, CoreLogic head of research Nick Goodall said, “The number of new listings over the ...


New Zealand real estate agents rate highly with sellers - 64% give thumbs up to service

Date: 01 October 2018

  CoreLogic has released the 2018 Perceptions of Real Estate Agents Report, resulting from a nationwide survey of homeowners including QV users, with all regions represented.   The fascinating findings signal to NZ’s real estate industry that agents are rated as excellent practitioners of their craft, with high scores in presentation of properties, marketing materials and sales patter, and the majority (64%) of vendors reporting as receiving ‘good’ or ‘excellent’ service from their agent.   The...


Property values across New Zealand's major centres recorded a diverse performance in August

Date: 05 September 2018

  -Nick Goodall, CoreLogic NZ     Property values across New Zealand’s major centres recorded a diverse performance in August, ranging from a 0.4% fall in Auckland to a 1.2% rise in Dunedin.   According to the August CoreLogic QV House Price Index, the average residential property value in Dunedin is now $415,888; values have risen 10.7% over the past year. This result is in stark contrast to the other main centres, although Wellington City values continued to show a strong rate of annual capit...


Regional Predictions Become Fact

Date: 14 August 2018

As a property data research analyst, a personal goal of mine is to be able to predict market movements and forecast with certainty. However, with so many factors at play, the property market is certainly a tricky one to predict. For New Zealand’s regions - my expectations are becoming fact. The regional property market slowdown is definitely continuing. As we saw in the the latest QV House Price Index (powered by CoreLogic data), ten of the twelve regions analysed experienced a decreasing annua...


Insurance Premiums In 2018: Up, Up And Away

Date: 14 August 2018

  Levy spikes and market hardening In 2018 we’ll see a general hardening of the market. Insurers face increased losses against a backdrop of increased global re-insurance cost. They therefore become less price sensitive and instead look to maximise premiums received from policyholders. New Zealanders paid over $9.3b in premiums to the big insurers in 2017, a 7% increase year on year1. The climb in premiums isn’t going to end any time soon.    One of the indirect influences driving premium incre...


Colour Crush: Terracotta

Date: 10 August 2018

  Terracotta, typically associated with sand hues and a desert landscape, but it had a big moment in Australia’s suburban scene. Everything from roof tiles, to pavers, and driveways were littered with this warm shade and you couldn’t spot a garden bed without a terracotta pot or planter – likely the home to a herb garden or two. Although gradually disappearing from suburban developments, and being replaced with modern grey tones, terracotta is making a come-back! This time in the form of interi...


Your Guide To Using Your Bar

Date: 06 August 2018

  Ah, the old faithful bar. A space to truly maximise your ability to entertain in your home. Although seldom used to their full capacity, a bar, in the right room, with the right tools, can be an asset to your entertaining formula. When curated carefully your bar should celebrate all the magic about hosting. A space to gather around, or create exciting concoctions for your guests, at the very least have the ability to crack a bottle. Depending on your space your bar can be a low maintenance ki...


Wellington Recovers Strongly Despite Subdued Performances Across Main Centres

Date: 31 July 2018

According to the CoreLogic July QV House Price Index, property values in Wellington City grew by 2.3%, reversing the previous losses experienced since March 2018. CoreLogic head of research Nick Goodall said, “While this level of growth over one month is exceptional, it is perhaps not unexpected given that the previous drop was a surprise.”  He said, “This bounce back is likely reflective of a volatile upper tier of the market which has a limited amount of potential buyers, especially given rec...


Transforming Your Kitchen In A Few Easy Steps

Date: 30 July 2018

  Your kitchen space is looking tired, a little time worn and well past it’s used by date (see what I did there!). But at this point in your renovations, it’s not a priority for you, it’s functional – which is more than you can say for other areas of your home – and works ‘just fine’ but awe-inspiring it is not. However your budget is limiting at this time and although eventually you’d like to overhaul it completely, you’re looking for smaller investments to ensure the space isn’t such an eyeso...


How To Bring The Hamptons To Your Home

Date: 25 July 2018

  The Hamptons has a coastal charm like no other, an embodiment of seasides, and long weekends away. Not exclusive to the coastline, you can bring your Hamptons daydreams to your home. Think, loads of white, fresh panelling and a subtle nautical flavour that transcends trends.   There is plenty of opportunity to explore the trend in both simple and expansive methods, making amendments to the external fixtures or small additions to your home dressings, you can interpret Hamptons styling in class...


Local Knowledge Can Only Take You So Far

Date: 20 July 2018

Keeping on top of the local market is easy…to a certain degree. You can track turnover, how long properties are on the market and what they’re asking for (either rent or sales price) by keeping a close eye on current market listings and ensuring you’re well connected - but it all takes time, and it’s very easy to miss important trends - or even investment opportunities.  That’s why for property investing, it makes sense to leverage a specific technology tool that’s available to make your decisi...


Which Suburbs Are Booming, Which Are Not

Date: 18 July 2018

Lower-priced suburbs and/or those that have seen high turnover rates over the past year have tended to have seen the most value growth. Several of these are in the lower North Island. Weaker suburbs have been concentrated in Auckland and Christchurch – no surprises there. CoreLogic research analyst Kelvin Davidson writes: The general picture of rising residential property values in the North Island (ex Auckland) over the past year but softer trends in the South Island is evident at a suburb lev...


Where To Start With Your Entry Way

Date: 16 July 2018

Each home is different, you may have a stunning hallway that is quite narrow or a wide wall upon entry, even a small sitting room. There is so much variety in this space it’s often hard to design in a way you feel best compliments your home. There are however 3 things you should always work to incorporate in some way to give that pocket of your home life in a way that is versatile and practical.     Let’s start with a mirror. Not only does a mirror reflect light and amplify the space but it can...


How To Give Pink A Chance

Date: 12 July 2018

Pink, among the boldest, and most feminine shades in our repertoire is alarming for most. Outside of an 8 year old’s fairy bedroom is seldom explored as an option for your home and rarely considered as a hero for your living space.     Even the most polarising of shades can bring a level of sophistication to your space, as long as you consider how you fuse it into your style. Whether you opt for fairy floss shades or raspberry hues, pink is certain to make an impact. With the right compliments ...


NZ's Regional Property Markets Are Doing OK...ish

Date: 11 July 2018

Whilst NZ’s regional areas are actually the strongest current property market performers with the highest annual rates of growth, the problem is that the rates of growth are slowing and there’s a very uncertain outlook.  Only four of twelve main urban centres (outside the six largest cities of Auckland, Hamilton, Tauranga, Wellington, Christchurch and Dunedin) saw annual growth actually increase in the latest June data: Whanganui, Invercargill, Palmerston North and Rotorua. Napier holds onto th...


Regions Faring Better Than The cities But For How Long

Date: 06 July 2018

The latest QV House Price Index is out (using CoreLogic data) and none of the main centres saw property value growth of more than 0.5% since May. Dunedin had previously been a bit of a star, with strong comparative growth to other main centres. It’s still NZ’s best performing city with +9.2% growth year on year and +3.2% value growth in the 3 months to June 2018, but that rate of growth has significantly slowed (just +0.3% since May).  Three of the main six centres saw minor drops in property v...


Where are we going?

Date: 04 July 2018

  As capital growth in the residential property market has continued to diminish and articles hypothesise what of a proper downturn, we yearn for more solid information to understand where the property market is heading next. Here in the CoreLogic Research team, we’ve been doing some work on forming a sales volume prediction model to provide a guide for future market activity. The inputs to the model we tested, ranged from GDP to unemployment, to interest rates, wages and migration.   And the r...


Dwelling Values Stagnate Across All Main Centres

Date: 03 July 2018

  According to the June QV House Price Index, utilising data and methodology from CoreLogic, none of the main centres saw growth in values of more than 0.5% since May’s index.     Values in Dunedin, where growth has consistently been very strong compared to the other main centres, even saw a significant reduction in growth, with the change from May only +0.3%.    Three of the six main centres saw very minor value drops in the June results, with the Auckland, Tauranga and Christchurch indices al...


Three Essentials For Your New Home

Date: 03 July 2018

  When house hunting each person has a list of their essentials. Is there attic storage? What sort of access is there? Good natural light? An easterly wind? All considerations for new home buyers with a healthy market to shop in. Try as you may, curating a list that ticks everything is near impossible and upon living in your home you will discover features you can’t fathom ever having wanted (who ever thought the morning sun in the master bedroom would be delightful?). Once you’re in your new s...


SAVE 50% OFF all Property Reports and Packs

Date: 19 June 2018

  For a limited time you can SAVE 50% on all QV.co.nz property reports and packs. Make smarter property buying decisions and save money in the process until 30 June 2018*.   Buy a Report or pack   Available reports: E-Valuer: An instant estimate of a property’s value, including up to 10 comparable sales. Recently Sold: A report of 10 properties that have recently sold in an area, selected depending on your filter criteria. Certificate of Title Info: Key legal information on a property including...


Bringing The Outdoors In

Date: 19 June 2018

I can recite countless studies that tell you bring the outdoors in purifies the air, increases concentration and is just all round good for you. It’s also aesthetically beautiful as well! Now I can’t promise that the ideas below will deliver all that goodness (I know one of them will) but if you’re historically the anti-green thumb - guilty - and struggle to keep indoor plants alive then there are plenty of other ways you can integrate natural outdoor elements to your home, whether that be stru...


Wellington's Sharp Real Estate Downturn

Date: 11 June 2018

  The latest QV House Price index is out and it appears that the Capital’s dream real estate run may be feeling the freeze as much as its residents currently are.   Housing market conditions in Wellington appear to have taken a sharp monthly downturn, with residential values falling 1.3% in May and the average residential property value now sitting at $633,759. The statistics tell a very different story to the anecdotal reports of strong market performance, which just goes to show: when it come...


What makes a home kid-friendly?

Date: 08 June 2018

  ‘child-friendly’ is often used in real estate ads, but what does this catch-all phrase actually mean? We’ve created this Top 20 checklist for you: so if you’re house-hunting for a family home, you won’t miss anything. Good luck!    1. School zones: Until you have kids, it’s not something you think about - but in NZ, most schools have a ‘school zone’ policy:  a geographical area from which they will accept student enrolments. It’s definitely worth considering when you’re on the house hunting j...


The Impact Of Data On The Quality Of Vendor Experience

Date: 05 June 2018

  One of the most important things agents can do to deliver high satisfaction levels for clients is to share more information about the market with them in their listing presentation, the 2018 Vendor Perceptions of Real Estate Agents Report New Zealand showed.   The survey showed that agents who were more open and transparent and provided their vendors with Local Auction Clearance Rates and the Average Time on Market were overwhelmingly likely to rate their overall experience selling their home...


Property Sellers Rake In $3b In Three Months

Date: 05 June 2018

Continued growth in property values across New Zealand netted sellers $3.1b in profit during the first three months of 2018, according to new figures from CoreLogic.  The company’s first Pain and Gain report for the year shows total losses from resales dropping from $36.6 million to just $27.2 million, showing few people are concerned enough about the market outlook to push through quick sales for a lower price.  Aucklanders continued to get the lion’s share of median profits per resale at $352...


How To Create A No Sew Bed Canopy in 20 Minutes

Date: 01 June 2018

Kid’s canopies have been on the must-have kid’s design lists for a few years now, whether hung above the bed or used with cushions on the floor for a permanent tent/reading corner. It’s my pleasure to introduce you to my no sew, 20 minute bed canopy, created with a queen-sized duvet cover set. It's been hanging up for 6 months now and is still going strong and very much loved by its bookworm owner who elected to hang LED lanterns up for "extra special magic mum". Here's how we did it:    Materi...


Tips And Tricks To Maximise Your Storage

Date: 22 May 2018

Storage is one of the most sought after features when searching for a new home. Extra storage makes a home all the more attractive to potential buyers, whether it’s additional garage space for your mountain bikes (that you never ride but promise you’re going to start using) or a walk in wardrobe (yes, yes and yes!) these features are a calling card because people crave order and functionality, at least in some capacity. What this means for you is that if you plan on spending some time in your h...


How much? NZ's property mini-revival

Date: 22 May 2018

The latest results are out and NZ’s property value growth has enjoyed a comeback recently, with the national property value average rising from February’s 6.5% to 7.3% in March. This 0.8% lift may not seem monumental, but it represents the strongest annual growth rate since June 2017 – no doubt underpinned by continued low interest rates and high employment rates.   NZ’s average value of housing stock is now $667,618 with residential real estate asset worth a total of $1.08Trillion.    To under...


Is it all about the shiny and new?

Date: 21 May 2018

When a property is recently listed on the market for sale, it gets the shiny ‘new listing’ label. In our data analyses, we classify ‘new listings’ as properties that have newly been listed in the last week. “They’re a good indicator of market confidence and play a role in influencing price pressures”, Head of Research Nick Goodall explains.    According to the latest NZ Property and Economic Update Report, even though new listings have eased off over the past 3-4 weeks, the only areas where ‘ne...


Bed Linen, A Simple Luxury - Bedding Options Ranked

Date: 18 May 2018

One of life's most simple pleasures is climbing into fresh, crisp sheets after your daily hustle. It is a small luxury that resonates across people and place. It is a part of the allure of a beautiful hotel, and the most luxurious of experiences pale in comparison because this is completely and utterly accessible, every day of the week.   There is no reason you can’t bring that hotel feel into your home and the small touches of luxury will make your bedroom your sanctuary. Whether you are after...


Regions continue to see higher value growth than main centres

Date: 06 May 2018

The latest monthly QV House Price Index shows nationwide residential property values for April increased 7.6% over the past year, while values rose 1.1% over the past three months. The nationwide average value is now $678,856. When adjusted for inflation the nationwide annual increase drops slightly to 6.4%.     Meanwhile, residential property value growth across the Auckland Region increased slightly by 0.8% year on year although values dropped by 0.3% over the past quarter. The average value ...


Is Greater Christchurch the country's best-functioning property market?

Date: 06 May 2018

  It’s well-known that the residential property market in Greater Christchurch is currently pretty subdued. The number of sales is low around Waimakariri, Selwyn and Christchurch City, while values are patchy. Over the past year, they’ve dipped by 0.5% in Christchurch City, stayed flat in Waimakariri, and edged up by 0.9% in Selwyn. By contrast, the national average value has risen by 7.6% over the past 12 months. However, every cloud has a silver lining – and there are good reasons why Greater...


National property values showed very little growth in April

Date: 01 May 2018

  According to the QV House Price Index, utilising data by CoreLogic, national property values showed very little growth of 0.2% in April 2018, with Dunedin the sole main centre to see any material value growth in the month, up 1.6%. The April result follows strong growth in March, where values rose 1.3% in the University City.   Property value growth remains constrained with five of the six main centres seeing a minor loss in average value through the month of April 2018. This is the first tim...


Making Your Outdoor Entertaining Area Work For You

Date: 01 May 2018

In the summertime your outdoor entertaining area becomes the heart of your home. You’ll often find yourself out there on balmy afternoons soaking up what is left of the suns rays and sharing a meal. More often than not you’ll enjoy good food, and good company in this space so it is important that you take the time to really build a space that is made for those things. You have seen houses maximise their outdoor entertaining in many different ways but working out what will be best for you is a w...


Apartment vs House: NZ's latest thinking

Date: 17 April 2018

Apartment living offers a unique lifestyle with a ‘lock up and leave’ mentality - controlled access enables security and privacy, with all exterior maintenance the concern of a Body Corporate. You may even enjoy stunning views and the convenience of inner city living - saving commuting cost and time whilst enjoying all the perks of an inner city lifestyle.  Plus, weekend lawn mowing is no longer your life. Perhaps the gloatiest apartments perk of all?  No parking dramas. There’s nothing quite l...


Total listings showed signs of increasing throughout March

Date: 17 April 2018

New listings have gone through their seasonally typical lift over the last few weeks, however listings in Auckland have not been as strong as around the rest of the country with the one year comparison in Auckland 11% down. New listings in Canterbury have also been weak, while Waikato has seen a strong increase on the same time last year – up 25%. Listings are showing signs of increasing both in Auckland and around the rest of the country, which will tend to dampen price pressures. Wellington, ...


First home buyers more active than previous 5 years

Date: 17 April 2018

First home buyers have slightly reduced their share of the market in the first few months of 2018, but remain more active than they have been at any point in the past 4-5 years. Multiple property owners have also increased their share of the market in recent months, perhaps because some will be able to rejig existing finances to allow extra property purchases. On the other hand, movers are taking a smaller share of activity, perhaps preferring to renovate their existing house rather than move. ...


Pace of annual rental growth slowed in February

Date: 11 April 2018

The pace of annual rental growth slowed from 4.9% in January to 4.1% in February, a slightly different picture than the stability for value growth. Gross rental yields continue to tick up and down a little from month to month, broadly hovering at just above the 3% mark. Christchurch’s rental market remains the weakest of the main centres, with rents down by 1.9% over the past 12 months. Wellington and Tauranga continue to lead the pack in terms of rental growth, but yields in these centres are ...


Value growth remained subdued throughout March

Date: 10 April 2018

According to the latest QV House Price Index stats powered by CoreLogic data, there is still relative restraint in growth across the market with only a 0.7% increase in the nationwide March figures.  Auckland experienced a minor lift of 0.2%, while Wellington was also fairly subdued with only 0.6% growth. So, with it being almost 18 months since value growth hit the brakes I thought it pertinent to analyse the contrasting behaviour of some our cities through the recent cycle. Full results acros...


March sees more sales but value growth still subdued

Date: 04 April 2018

The latest monthly QV House Price Index shows nationwide residential property values for March increased 7.3% over the past year which is the fastest rate since June 2017. Values rose 1.2% over the past three months. The nationwide average value is now $677,618. When adjusted for inflation the nationwide annual increase drops slightly to 5.6%.    Meanwhile, residential property value growth across the Auckland Region increased slightly by 1.0% year on year and values also ticked up slightly by ...


The First Home Buyer's guide to unwanted advice

Date: 04 April 2018

When you attach ‘first time’ to anything, it opens you up to a whole bunch of unsolicited advice. Just ask any ‘first time parent’. They’ll tell you of the flood of advice that comes from everyone from the Supermarket checkout operator to neighbours, workmates, friends and parents.    It’s the same for home buyers.  But just as with parenting ‘advice’, home buying advice quality varies greatly: there is good and there is questionable. There is knowledgeable and expert. There is inaccurate hears...


A wedding and your first home. Can you have it all?

Date: 21 March 2018

Image source: She Said Yes   Ah life milestones. If you’re on the traditional journey - a wedding and buying your first home are two of the big ones. It’s surprising how many people face these two major life events within a short space of time. So how do they do it? How on earth do they save for both a house and a wedding at the same time?    According to Megan Hutchison of She Said Yes, the figure most mentioned for NZ’s ‘average’ wedding cost is $35,000. But she’s also written an article abou...


Annual rental growth stabilised in December and January

Date: 21 March 2018

Annual rental growth stabilised at 4.9% in December and January, illustrating a similar trend to value growth after both bottomed out in October 2017. Gross rental yield continues to hover along just over 3.0% (as it has done for 18 months+). Christchurch rent continues to drop, although the rate of -2.8% is not as great as the drop witnessed through most of the second half of 2017. Meanwhile the growth in median rent in Dunedin is now trending downwards after peaking at greater than 10% growth...


Trend Report: Modern Bohemian

Date: 20 March 2018

It’s so easy to become caught up in waves of trends as they sweep through homes across the country, contagious almost, until every one of your friends has a ‘one of a kind’, hand carved ornament from India, but before you turn away - after all, no one likes a cliche - there are so many ways you can take a trend and make it your own. When you hear the word bohemian, you think quintessential Bali and you see a woman swirling around her house in a crazily patterned dress, with a head scarf, smelli...


Bed Linen, A Simple Luxury - Bedding Options Ranked

Date: 20 March 2018

One of life's most simple pleasures is climbing into fresh, crisp sheets after your daily hustle. It is a small luxury that resonates across people and place. It is a part of the allure of a beautiful hotel, and the most luxurious of experiences pale in comparison because this is completely and utterly accessible, every day of the week. There is no reason you can’t bring that hotel feel into your home and the small touches of luxury will make your bedroom your sanctuary. Whether you are after a...


5 Things You Should Know Before You Decide to Renovate a House

Date: 08 March 2018

Prepare For Everything to Snowball This may have started out as a low-key, few minor updates here and there, but once the work has started it will be so very tempting to continue with other renovations. While your space is a worksite already it will be all the more enticing to just paint the walls as well, when all you had intended was a fresh coat on the doors. You’ll find yourself knee deep in gyprock one day, look up and wonder how you got here - whoops! There Will Be Unexpected Costs You mi...


What are your honest thoughts about real estate agents?

Date: 07 March 2018

  Have you sold a home before?   How did you choose your real estate agent? Did you go to one of their open homes? Trust a recommendation? Test how they treat prospective purchasers? Were you happy with the outcome? Did you feel confident in the process? Do you think your advertising spend was justified?    CoreLogic is currently researching Kiwi perceptions about real estate agents, with a new survey focusing on understanding experiences when selling property and how well agents are meeting co...


Predicted 2018 slowdown evident in latest results

Date: 07 March 2018

Powered by CoreLogic data, the February QV House Price Index shows the late values resurgence witnessed in Auckland post-election subsided in February, dropping by 0.5%. Simultaneously, Wellington capital city values tracked sideways after previously experiencing more sustained growth throughout the second half of 2017 and into 2018.  Tauranga was the only main centre to show sustained growth – up 1.1% over the month, and 2.8% over the last three months. Full results across the country are avai...


Dealing with the kid clutter

Date: 06 March 2018

As parents, we all start out with great intentions when it comes to kid’s toys: that you won’t be one of those people with lego and my little ponies all over the lounge. You’ll be diligent about minimising the kid’s clutter to just one space (their bedroom, or if you’re lucky enough - the playroom) and because you’ll teach your children how to be responsibly tidy with their possessions, you’ll continue to enjoy a lovely orderly lounge. Then one day you realise it’s happened: you’ve become one o...


How To Modernise A Room

Date: 06 March 2018

The papers are signed and they’ve handed over the keys, you scored yourself a winner, finally! Congratulations! Now you can bring everything you envisioned for your new property to life. The beauty of purchasing an old home is that it is littered with remnants of another time, it has character (if you will) however this can also be to it’s detriment. Trying to achieve the untimely balance between charmingly antique and modern, now that’s a battle in itself! You saw incredible potential in your ...


Regions continue to see the highest value growth

Date: 06 March 2018

  The latest monthly QV House Price Index shows nationwide residential property values for February increased 6.5% over the past year and 1.2% over the past three months. The nationwide average value is now $672,645. When adjusted for inflation the nationwide annual increase drops slightly to 4.9%.   Meanwhile, residential property value growth across the Auckland Region increased slightly by 1.0% year on year which is the slowest annual rate since August 2017. Values also ticked up slightly by...


Who's buying?

Date: 04 March 2018

It’s always so fascinating to go beyond the top-level property statistics and see who really is buying property, because that’s where you can get real indicators of market change.CoreLogic has a unique set of buyer classification data which enables us to do just that and the latest stats make for a very interesting insight.    According to the results in the CoreLogic February Property Market & Economic update , ‘Movers’ (those that have sold and purchased again - literally moving between two p...


Why NZ property can't blame that holiday

Date: 04 March 2018

  Just like most humans, the property market normally takes a while to get back into the swing of things after ending the previous year. Having 6 public holidays (including regional anniversaries) in the first two months of the year doesn’t help. Neither does the fact that corporate land tends to shut up shop until the 10th of January.  We Kiwi’s don’t tend to break out the property settlement agreements on our annual summer holiday or while we’re enjoying a lazy long weekend.    But even takin...


The Colours You Should Become Familiar With

Date: 20 February 2018

Just before we ring in the new year, Pantone unveils the colour of the year to come, it sets the tone for more than just interiors - although that is what you’ll be reading about here - and lends it self to inspire a community of artists, and creatives to embrace and put their own spin on. Ultra Violet (which is the 2018 Pantone Colour of the Year by the way) may not be for everyone, but there are easy ways to reacquaint yourself with some of the most striking hues that may have felt a little t...


How To Recreate The NYC Loft Feel In Your Home

Date: 20 February 2018

Show me someone who hasn’t dreamt of a NYC loft apartment, and I’ll show you a liar. Besides featuring in some of the most iconic pop culture shows over the years (‘How I Met Your Mother’, anyone?), this trend has risen to fame over the years. Although this dream is far reaching for anyone who doesn’t have a cool 2 million and the confidence to up and leave their life behind for this fantasy, there is nothing stopping you from bringing NYC horizons to your pad with a few simple elements.  Incor...


Nationwide and Auckland residential property values rising again

Date: 09 February 2018

The latest monthly QV House Price Index shows nationwide residential property values for January increased 6.4% over the past year and values rose by 3.8% over the past three months. The nationwide average value is now $671,531. When adjusted for inflation, the nationwide annual increase drops slightly to 4.7%.    Meanwhile, residential property value growth across the Auckland Region increased 0.7% in the year to January and 1.6% over the past three months, which is the highest rate of growth ...


Values hold up but activity continues to drop

Date: 09 February 2018

Once again I was a little surprised when I saw the QV House Price Index charts this month. Most lines continued on an upward trajectory in January, despite typically low volumes of sales over the Christmas/New Year period. Full stats available here. Not that I was expecting a drop in values but the lift in places like Auckland (1.6% last three months) and Tauranga (1.7% last three months), did make me sit up and take notice – because in those areas it had previously looked like we were set for ...


How do property sellers feel about real estate agents? New survey seeks to learn the truth.

Date: 07 February 2018

Data for a landmark new survey to understand how property sellers feel about real estate agents is currently being collected by CoreLogic.   The survey into Kiwi agents will seek to understand the experiences of consumers when selling their property and how well (or poorly) agents are meeting customer expectations.   It follows from research CoreLogic conducted about the Australian market which discovered that while real estate agents suffer generally from a poor public reputation, 66% of the v...


Wrapping up the 2017 year and a look ahead to 2018

Date: 18 January 2018

  If the NZ property market were a person, it will have dragged its heels back to work after a year of constant change, unrelenting pressure and left-field surprises.   Like all well intentioned self-improvers, it would have taken time over the summer break to reflect on the year that was, before embracing what’s coming next. And by all accounts, what a year 2017 was.    It started hot on the heels of a major milestone ticking over:  the total value of all residential property in NZ passing the...


Find out how your property value changed in 2017

Date: 17 January 2018

So much happened in the NZ property market in 2017. Property prices remain high but increases have slowed, lending rules were tightened and the usual spring lift in listings has been subdued. What's more, we've just had a change in government with policy changes impacting property on the horizon.   With everything that's gone on it can be hard to understand where the value of your property may currently be sitting. That's where we can help. Until the end of February we're giving you 20% off all...


How to create a pegboard art wall

Date: 16 January 2018

“Muuuuuuuummmm!….we were playing Pegasus’s and I crashed into the mountain (wall) and some of the pictures came down”. Kid’s rooms and glass-framed art don’t really mix well if you have rowdy ones like mine. It’s basically an open invitation to unnecessary A&E visits. I love art. I grew up surrounded by it because I have an arty family. Dad’s pre-retirement career was as a professional photographer, one sister is an artist and I have a whole bunch of really talented cousins. Insert talented sis...


Give your home some New Year's resolution love

Date: 15 January 2018

One of the great things about being away on holiday is that you are officially unable to do any home admin. No housework, no DIY, no gardening. Fantastic! - Until you get back to reality. Make it a resolution to give your home some attention and we promise you’ll be feeling all smug in no time. The key to achieving some actual momentum on this New Year’s goal is to choose your projects carefully. Don’t go for the big ones.  You’re after those easily achieved instant reward jobs (and ones that d...


2017 was a year of mixed sentiment in the residential property market

Date: 11 January 2018

  It was a disparate year for residential property values with a general trend of slowing in the rate of growth due to LVR speed limits, stricter retail bank lending criteria and uncertainty ahead of the election, along with periods of rapid value increases in some areas and decreasing values in others.   Overall the nationwide average shows residential property values increased 6.6% or $41,660 during 2017 from $627,905 in December 2016 to $669,565 in December 2017, according to the latest QV H...


We enter the holiday period in a state of flux

Date: 14 December 2017

  So the end of the year draws near! We’re starting to get a much clearer picture of where the property market is at, with a few months since Jacinda Ardern and Winston Peters signed their coalition agreement.   And the latest month of data, courtesy of the QV House Price Index (HPI), shows many parts of the country have experienced a late spring lift in values. It’s far too early to be calling it a resurgence but it’s hard not to notice the mini ramp-up in average values when you chart it over...


Impact of the 2017 Election on Auckland's property market

Date: 12 December 2017

  Nick Goodall, Head of Research – CoreLogic NZ   As the year draws to a close, we’ve got a good understanding on likely changes to the property market and certainly which buyer groups are under the new Government’s property spotlight. In short, property speculators and foreign buyers are the focus.   The Government has been clever in using the Overseas Investment Act to restrict foreign citizens buying existing property, but there’s no official measure of foreign buyer activity - so the actual...


Nationwide value growth rallies as summer arrives for the housing market

Date: 11 December 2017

  The latest monthly QV House Price Index shows nationwide residential property values for November increased 6.4% over the past year which is a much faster rate of increase than last month’s annual growth of 3.9%. Values rose by 3.6% over the past three months which is also much faster than last month when the market slowed to a quarterly growth of 0.9% and the nationwide average value is now $664,485 which is 60.4% above the previous market peak of late 2007. When adjusted for inflation the n...


Steady as she goes...

Date: 03 November 2017

Nick Goodall, Head of Research, CoreLogic The October QV House Price Index (out this week) paints a ‘steady-as-she-goes’ picture for many of NZ’s main centres - with property values only shifting sideways for the month.   This is certainly the story for Dunedin, Tauranga and Auckland where each city saw less than 0.5% value growth. Wellington saw a minor upward movement (0.7%), mirrored by a slight downward shift in Hamilton (-0.6%) whilst in Christchurch, values continued to drop -  down 0.2% ...


Nationwide value growth slows further as Auckland sees negative annual value growth for first time in six years

Date: 02 November 2017

  The latest monthly QV House Price Index shows nationwide residential property values for October increased 3.9% over the past year which is the slowest annual rate since June 2012. Values rose by 0.9% over the past three months and the nationwide average value is now $646,807 which is 56.1% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 2.0% and values are now 30.3% above the 2007 peak.    Residential property values a...


Migration, Mr Peters & the Housing Market

Date: 13 October 2017

A current topic under the microscope, given the context of NZ First’s position of power in Coalition negotiations, is migration.    New Zealand’s record high net migration eased slightly in August, with the downward trend now appearing more consistent.  The influence of NZ First’s tighter proposed immigration policies could combine with current trend, meaning a continual decline in net migration, more so with Labour who are more closely aligned to NZ Firsts migration stance.     But irrelevant ...


Who's Buying What and Where?

Date: 13 October 2017

Over the long term, we’ve seen multiple property owners’ share of nationwide sales decrease since 2014, however there was a significant lift in the first two months of Q3 this year. When we split these buyers by those who need a mortgage for their purchase and those who don’t, the lift isn’t as significant. Those multiple property owners purchasing with a mortgage increased from 24.2% in Q2 to 24.9% in Q3 so far (the remaining 13-14% do so without a mortgage). First home buyers have increased t...


Spring Buyer Demand Remains Subdued

Date: 13 October 2017

Buyer demand in the first three weeks of spring has remained very subdued, suggesting that sales volumes for September will likely be low - a continuation from a weak winter.    At CoreLogic we have a unique measure of market demand (which tracks the number of bank requested valuations to support mortgage lending). It has proven to be an accurate pre-measure of sales volumes and this was very quiet in the first few weeks of Spring when a seasonal lift is traditionally seen.    Head of Research ...


Goodbye Election! Hello new Government

Date: 05 October 2017

Nick Goodall, Senior Research Analyst, CoreLogic So…that was an intriguing few weeks leading into the Election! But I for one was pretty happy to see those party billboards come down - political overload. Whilst we may not know the make-up of our Government just yet, September has now passed so it’s a good chance to draw a line in the sand for how NZ’s property market is performing, before a new Government takes over.   The average value of a dwelling in New Zealand is now $646,378. This is an ...


Choosing the Right Real Estate Agent to Sell Your Home - tips from top insiders

Date: 22 September 2017

  We kiwis love giving something a go ourselves to save some dosh. “I sold our last place myself in 2 weeks and saved $35 grand in commission” is often heard when telling others you’re thinking of selling. But for every story like this, you can bet your bottom dollar that there’s a long trail of untold stories featuring wasted advertising spend, lengthy delays, unrealised pricing potential and disappointment on both sides of the equation. Unless you have extensive experience selling properties,...


Video: Monthly Property & Economic Update for September 2017

Date: 20 September 2017

Our Head of Research, Nick Goodall takes you through the latest trends and new developments in the NZ property market this month.   Topics covered in this months short video include: how the election and other factors are affecting different buyer types; and where the market is likely to be headed.     Enjoy the video, and please do subscribe to us on YouTube so you won't miss the next ones.  


The NPC of the property market

Date: 08 September 2017

Nick Goodall, Senior Research Analyst, CoreLogic   Thanks to the weird and wonderful political world of the upcoming General Election, NZ property market commentary is bulging at the seams, so this month I’m taking a more light-hearted look at our property values across the country.   Other than delving into property insights, my other big passion is sports. Lately, I’ve been enjoying the Mitre 10 Cup, the National Provincial Championship (NPC) for our beloved national sport of Rugby. It’s reno...


Get 50% off QV.co.nz reports and packs!

Date: 01 September 2017

Has the changing of the seasons got you thinking about property? We've got you covered with 50% off all property reports and packs on QV.co.nz by using the promo code SPRING17. Get as many reports and packs as you'd like at half price until the 30th of September. Use the code to buy an E-valuer to see what your property, or one you're interested in is worth, get a list of Recently Sold properties in an area you're interested in, or purchase a Home Buyers Pack to get all the information you need...


Annual nationwide home value growth slips below 5.0% for the first time in five years

Date: 01 September 2017

The latest monthly QV House Price Index shows nationwide residential property values for August increased 4.8% over the past year which is the slowest annual rate since August 2012. Values rose by 1.2% over the past three months and the nationwide average value is now $641,648 which is 54.9% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 3.0% and values are now 29.3% above the 2007 peak.    Residential property values ac...


Video: Monthly Property & Economic Update for August 2017

Date: 28 August 2017

  Our Senior Research Analyst, Nick Goodall, takes you through the latest trends, with some very interesting new developments in the NZ property market this month.   Topics covered in this month's short video include: the annual value growth which has dropped to the lowest for over two years; mortgage interest rates and the impact of these; and the increase in construction of multi unit dwellings.   This easy watch will bring you right up to speed - covering the main things of interest includin...


The final property inspection: why you should do one, what to look for & what happens if there's a problem

Date: 25 August 2017

  Your offer has been accepted. You’ve done all the legal paperwork, you’ve nearly got your hands on the keys. Just the final walk-through to go! It’s easy to get swept up in the emotion of buying a property but this is your chance to not only make sure all the chattels listed in your settlement documents are where they should be, but to also scope out any unwanted or undesirable items that may have been left behind. Trust us. It happens.    The first thing to do is to make sure that everything...


Making sense of it all

Date: 09 August 2017

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd   Things haven’t changed too much from last month. The softening in the property market has continued according to the QV House Price Index, which was released last week.     Nationwide annual value growth has dropped to 6%, the lowest for over two years. The slowdown is most strongly felt in our main centres, led by Auckland with only 5% annual growth and effectively no increase in value since October 2016. The provinces look to be holdin...


Nationwide value growth being driven by regions as Auckland market rises at slowest annual rate in five years

Date: 02 August 2017

The latest monthly QV House Price Index shows nationwide residential property values for July increased 6.4% over the past year which is the slowest annual rate since February 2015. Values rose by 1.6% over the past three months and the nationwide average value is now $641,280 which is 54.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 4.6% and values are now 29.2% above the 2007 peak.    Residential property values ac...


July / August Monthly Property Market & Economic Update now available

Date: 28 July 2017

This monthly report created by the CoreLogic NZ Research team covers the main economic factors that influence the housing market, and then looks at sales volumes, values, and active buy types in both the national and main centre housing markets.   Some highlights of the June - July 2017 report: Migration - For the second time in 18 months it looked like we were seeing a slowdown before things have picked up again. It seems the high net migration picture is set to stay for a while yet. Building ...


Buying? How to find out about any issues with the land, property or neighbouring properties.

Date: 27 July 2017

“Neieeeeeighbours. Everybody needs good neeeiggghbours”…so says the catchy TV theme song. Very true. Also very true? The legal term ‘caveat emptor’ (or ‘buyer beware’ in non-legal speak).    All good in theory, but how do you actually know whether there are any issues with the neighbouring properties, or indeed the land and property you’re interested in?      1. Ask the Agent When it comes to the property you’re considering, your first and most obvious port of call (but certainly not your last)...


Selling your property in Winter: Cosmetic renos you shouldn't ignore

Date: 25 July 2017

Agents love to tell you that Winter is a great time to sell - because there are less properties on the market therefore less competition. CoreLogic assessed seasonal trends with property settlements over the last 30 years, and and whilst Summer is the least popular (owing perhaps to the holiday season), Winter is definitely behind Spring and Autumn.   If you are considering selling your property this Winter, there are some easy and simple tricks to maximise your selling price. Best of all, they...


Affordable Art for staging your home

Date: 18 July 2017

Congratulations! You’re making the big step of selling. So much to do: de-cluttering, cleaning, all those little DIY jobs that you’ve been putting off forever? With so much on your ‘To Do’ list and so much money floating out the door to get them all done, things like art often take the lowest priority, especially for areas like kid’s bedrooms, laundrys or bathrooms. But little touches like this can make all the difference – and tea towel art is your answer. Yes. Tea towels.        This is very ...


Multitude of factors contribute to further slowing of the main centre housing markets

Date: 07 July 2017

Based on the latest QV House Price Index figures, the slowdown in property values has continued in Auckland and Hamilton, and is now much clearer in Wellington and Dunedin after they had previously shown some resistance. Tauranga is the only major city to buck the trend, although it’s still too early to call it a revival with three month growth only 1.6%. Christchurch values continue their year long trend of remaining as flat as the Christchurch plains.   It’s almost a year since the Reserve Ba...


Over 96% of New Zealand property owners profiting from resales

Date: 06 July 2017

More homeowners are selling properties for a profit based on the buoyant housing market conditions over the past few years, according to new data from CoreLogic.   In the first three months of 2017, 96.3% of all homes resold did so at a gross profit compared to their previous sale price, according to the CoreLogic March quarter Pain and Gain report. Owners pocketed a median gain of $167,000 per sale, with almost $4 billion in profits realised nationwide.    Meanwhile, the number of properties r...


Values remain steady in housing market but sales volumes drop as banks tighten lending criteria

Date: 05 July 2017

The latest monthly QV House Price Index shows nationwide residential property values for June increased 8.1% over the past year which is the slowest annual rate since March 2015. Values rose by 1.2% over the past three months and the nationwide average value is now $639,051 which is 54.2% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 5.9% and values are now 28.8% above the 2007 peak.    Residential property values acros...


June - July 2017 Monthly Property Market & Economic Update + video

Date: 23 June 2017

This monthly report created by the CoreLogic NZ Research Team covers the main economic factors that influence the housing market, and then looks at sales volumes, values, and active buyer types in both the national and main centre housing markets.     Some highlights of the June - July 2017 report:   Migration – We have started to once again experience a net loss of Kiwis to Australia, but this is unlikely to return to previous high levels of loss. Building Consents – These have trended down ri...


Kiwis and their assets

Date: 15 June 2017

Despite all the talk of affordability, Kiwis still prefer their assets in property form but NZ's listed stocks are the rising star.   The value of residential property continues to grow beyond one trillion dollars, dwarfing the value of other asset classes, with residential mortgages secured against 23% of this value.      Listed stocks have bounced around in the last couple of months but the overall trend has been upward since the start of the year. They are now only just over 2% below their a...


Sales drop hitting all types of buyers

Date: 06 June 2017

We’re currently looking at a nationwide downwards slide in sales volumes, a trend that started a year ago.   In Auckland, volumes are down 30% year on year, slightly less in Hamilton and Tauranga and less again as you move down South. But the slowdown in sales is definitely nationwide.       Furthermore, the sales slow-down has hit all types of buyers, not just investors. Whilst the share of sales to investors has rebounded, the actual number of investors is well down. Likewise, the share of Fi...


House prices slow, and will likely keep slowing

Date: 02 June 2017

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd.   The latest monthly QV house price index shows that the rate of increase of New Zealand property values is near zero.   It is yet another source confirming a widespread slowdown in the housing market - from demand, to sales volumes and of course values.     First I’ll cover values, then take a look at some of the causes, and end with my perspective on where this is all likely to go.   Value increases slow As always, there are wide variations ...


Long weekends and the property market

Date: 01 June 2017

Thanks to the way dates fell in the working calendar, the Statutory Holidays of Easter Break and ANZAC weekend were both in close proximity this year. What effect did this have on the property market?   Whilst workers rejoiced over the fact that they could take just 5 days of annual leave to get a whopping 12 days off in return, it wasn’t such great news for the property market.      With many people taking extended leave in April, it is likely to have impacted on the property market. A slow-do...


Nationwide annual value growth drops to below 10% which is the slowest rate in two years

Date: 01 June 2017

The latest monthly QV House Price Index shows nationwide residential property values for May increased 9.7% over the past year which is the slowest annual rate in two years. Values rose by 0.4% over the past three months and the nationwide average value is now $634,018 which is 53.0% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 7.4% and values are now 27.8% above the 2007 peak.      Residential property values across t...


E-valuer reports now powered by the new IntelliVal AVM

Date: 30 May 2017

We are very excited to announce a major enhancement to the AVM (Automated Valuation Model) powering the E-valuer reports on QV.co.nz – introducing IntelliVal.   What is IntelliVal?  IntelliVal is super-smart tech that’s what!  It’s an ‘Automated Valuation Model’ (or AVM) which enables us to provide an instant estimation of a property’s value, based on comparable recent sales, rating valuations, local listings and other data.    What’s the difference?  QV.co.nz has always used an AVM to deliver ...


Video: Monthly Property & Economic Update for May 2017

Date: 26 May 2017

Get right up to speed with what has been happening in the NZ property market as our Head of Research Jonno Ingerson takes you through the latest trends, with some very interesting new developments!   Topics covered in this months short video include the drop in buyer demand, sales volumes are on the decline and all types of buyers are getting impacted. Watch the video here.    This easy watch will bring you right up to speed - covering the main things of interest including market activity, valu...


May - June 2017 Monthly Property Market & Economic Update now available

Date: 25 May 2017

This monthly report created by the CoreLogic NZ Research Team covers the main economic factors that influence the housing market, and then looks at sales volumes, values, and active buyer types in both the national and main centre housing markets.     Some highlights of the May - June 2017 report:   Consumers remain optimistic about the economy and the employment market is strong. The net loss of Kiwis to Australia has begun again after a few months of net gain. However recent announcements fro...


CoreLogic Insights: Measuring New Zealand's Housing Affordability

Date: 18 May 2017

The Ministry of Business, Innovation and Employment (MBIE) has announced a new measure for housing affordability and it’s being referred to as a ‘world first’. CoreLogic is proud to be providing data that forms part of this measure.   The Housing Affordability Measure (HAM) will eventually be released quarterly and aims to deliver a more accurate understanding of how much is spent on housing by New Zealanders. It also tracks the factual reality behind the age-old debate currently raging between...


Nationwide values flat, Auckland slowing the most

Date: 03 May 2017

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd.   The latest QV house price index is out. Nationwide values have remained dead flat over the past three months, leaving the annual change at 11%. Previously, we’ve seen Reserve Bank lending restrictions resulting in a very brief flattening of nationwide values in early 2014 and again in early 2016. This time however, the slowdown has already lasted longer than we’ve experienced before.   Main centres Much of that nationwide figure is driven by...


Average value for Wellington tops $600,000 as the capital's housing market continues to rise faster than Auckland

Date: 03 May 2017

The latest monthly QV House Price Index shows that nationwide residential property values for April increased 11.1% over the past year, which is the slowest annual rate of growth since July 2015. Quarterly value growth plateaued with a 0.0% change over the past three months. This means nationwide average value remains at $631,147 which is 52.3% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 8.7% and values are now 27.2% ...


Regional Building Consents and Population Growth

Date: 02 May 2017

There’s been increased coverage of the dwelling shortage lately so lets look into the data, simply comparing dwelling consents to population change. This series is only available quarterly, so it doesn’t reflect the recent slowdown in building consents across the country.   The previously upwards trend in building consents for new dwellings (grey line) had meant that the gap (red line) between population growth (blue line) and housing supply was beginning to close.    We are now seeing a downwa...


Intensification in Auckland

Date: 01 May 2017

To meet Auckland’s under-supply crises for current and future demand, our current level of building consents needs to increase then hold for several years.   A shortage of skilled workers, increasing costs, time delays, and quality issues were already beginning to emerge in the Auckland market and that was before the latest data which showed the third month in a row of declining dwelling consents for Auckland. So there are clearly challenges to be overcome in order to step up the rate of buildi...


April - May 2017 Monthly Property Market & Economic Update

Date: 21 April 2017

Lending restrictions have taken heat out of the market but recent drops in Hamilton and Auckland appear to have begun to turnaround again. Watch the video to find out more. <iframe width="854" height="480" src="https://www.youtube.com/embed/6VLJloQxf8Y" frameborder="0" allowfullscreen></iframe>


Auckland values no longer dropping

Date: 06 April 2017

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd   I’m surprised.   I’m surprised because the latest monthly QV house price index shows Auckland values rebounding ever so slightly. After peaking in November at an average value of $1,051,387 they then dropped 0.7% over the next three months to $1,043,680 last month. I expected that gentle decline to continue, instead values bounced back fractionally.     Why am I surprised? I have been talking about how any decline is likely to be shallow and ...


Wellington values continue to rise as Auckland, Hamilton and Tauranga plateau

Date: 05 April 2017

The latest monthly QV House Price Index shows that nationwide residential property values for March increased 12.9% over the past year. Values rose by 0.6% over the past three months and the average value nationwide is $631,432. The nationwide average value is now 52.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.4% and values are now 28.5% above the 2007 peak.   Residential property values across the Auckland regi...


What's going on with Rentals in the Capital?

Date: 29 March 2017

Ah renting. It’s a double-edged sword. You avoid the expenses of mortgages, rates and house insurance: but on the flip-side you don’t have complete freedom to do what you like to your property, there’s the worry of increasing rent or “What if the landlord sells?” and you also have to put up with questionable flat-mate behaviour every now and then: there’s always some-one who doesn’t obey fridge etiquette. We’ve all seen reports of sky-high rental prices in the Capital, and have anecdotal report...


CoreLogic Property Update for March 2017

Date: 24 March 2017

Get right up to speed with what has been happening in the NZ property market as our Head of Research Jonno Ingerson takes you through the latest trends, with some very interesting new developments! Topics covered in this months short video include the annual change in monthly sales volumes, a drop in values across a lot of the country and activity of first home buyers in the market. This easy watch will bring you right up to speed - covering the main things of interest including market activity...


The story of Wellington property ownership: we take a look beyond the numbers

Date: 24 March 2017

The QV House Price Index for February shows that the wider Wellington Region continues to rise, with home values up 21.5% year on year and 4.3% over the past three months. Values are now 29.4% higher than in the previous peak of 2007. The average value across the wider Wellington region is now $589,784 with the Hutt Valley the obvious stand-out performer. Upper Hutt values increased the most at 25.5% year on year and 6.3% over the past three months, while Lower Hutt is only slightly behind at 2...


Values continue to drop in Auckland & Hamilton, and slow elsewhere

Date: 03 March 2017

The latest monthly QV house price index confirms that values are continuing to drop in Auckland and Hamilton, and their rate of increase has slowed considerably in most other areas around NZ.     Delving into those index figures though, what’s really going on? And can history teach us anything? The reported drop or slowdown is reflected in the chart below. This shows the average value of the housing stock in our six main centres (based on the house price index) from 2003 to the present.     Ove...


Nationwide property values rise but Auckland, Hamilton and Christchurch drop

Date: 01 March 2017

The latest monthly QV House Price Index shows that nationwide residential property values for February increased 13.5% over the past year. Values rose by 1.1% over the past three months and the average value nationwide is $631,349. The nationwide average value is now 52.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.0% and values are now 28.5% above the 2007 peak.   Residential property values across the Auckland R...


Have the latest round of lending restrictions begun to impact values?

Date: 07 February 2017

The latest QV monthly house price index has just been released. I’m looking for any signs that the latest round of lending restrictions have begun to impact values. After all, you might expect that dramatically limiting people’s ability to get a mortgage would mean fewer people competing for properties and so the rate of value increase would slow, or even drop.   First of all it is worthwhile taking a look at the table below to see how much values have increased over the past year, and where th...


Auckland and Hamilton values ease while nearby regions see strong growth

Date: 01 February 2017

  The latest monthly QV House Price Index shows that nationwide residential property values for January increased 13.5% over the past year. Values rose by 1.4% over the past three months and the average value nationwide is $631,302. The nationwide average value is now 52.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.0% and values are now 28.5% above the 2007 peak.   The Auckland market has increased 12.8% year on ...


Recent changes affecting property buyers across the board

Date: 12 January 2017

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd   The QV House Price Index stats are out for December and what most stood out for me was the drop in value month-on-month for 12 of the 72 cities/districts nationwide, perhaps most notably in Auckland as well as in Hamilton.    Upon reflection however, this stat isn’t completely surprising for two reasons. Firstly, we’d already seen a cooling off in the previous months - Auckland’s annual change had dropped from 15.9% in August to 12.8% in...


Property values drop in parts of NZ as the LVR takes effect

Date: 11 January 2017

The latest monthly QV House Price Index shows that nationwide residential property values for December increased 12.5% over the past year. Values rose by 1.3% over the past three months and are now 51.5% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.2% and values are now 28.5% above the 2007 peak. The average value nationwide is $627,905.   The Auckland market has increased 12.2% year on year which is the slowest rat...