Property Insights Blog


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...


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...


The year in review

Date: 10 January 2017

Just before Christmas CoreLogic Senior Research Analyst Nick Goodall took time to review ‘the year that was’ in the property market and consider what 2017 may hold.       It was a year that saw many factors influence the property market to varying degrees, and 2017 will also bear the flow on effects of both international (Brexit and Trump) and local (a new Prime Minister, RBNZ restrictions and earthquakes) influences.   We experienced record low interest rates, significantly constrained supply ...


Dec 2016 - Jan 2017 Monthly Property Market & Economic Update now available

Date: 09 January 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 December 2016 - January 2017 report: Nationwide residential property continues to increase in value and has now ticked over the 1 trillion dollar mark – a significant figure, especially when you consider the value of other ass...


Whanganui District residential property values rise 5.0% since 2013

Date: 21 December 2016

The Whanganui District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The rating valuations for 21,400 properties are prepared on behalf of the Whanganui District Council by Quotable Value Ltd (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for the following ...


Buller District rating revaluation shows residential property values have decreased by 18% since 2013

Date: 08 December 2016

General overview   The Buller District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The new rating valuations have been prepared on 7,876 properties on behalf of the Buller District Council by Quotable Value (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates f...


2016: a year of uncertainty for the NZ property market

Date: 07 December 2016

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd.   2016 has provided us with a year full of uncertainty for the NZ property market.    Last month we wrote about why we were hanging up our fortune teller’s hat. Since then, we’ve experienced significant earthquakes and their subsequent aftershocks and now, completely out of nowhere we’re due a new Prime Minister. Government regulation and policy could become even more difficult to perfectly predict. It’s also been a year of big internatio...


Queenstown average value tops $1 million

Date: 01 December 2016

The latest monthly QV House Price Index shows that nationwide residential property values for November have increased 12.4% over the past year, which is the slowest rate since May 2016. Values rose by 2.0% over the past three months and are now 50.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.1% and values are now 27.8% above the 2007 peak. The average value nationwide is $624,675.     The Auckland market has incr...


Christchurch property values rise 9.2 per cent

Date: 29 November 2016

The 2016 rating revaluation shows the overall value of Christchurch property has risen by 9.2 per cent since the last general revaluation in 2013.   Christchurch City Council contracted independent valuer Quotable Value (QV) to carry out the revaluation of 167,857 city and Banks Peninsula properties this year. Councils must undertake a general rating revaluation of all properties every three years so rates are spread fairly.   Rating Values, (also called Capital Values) are used to work out who...


Central Otago rating revaluation shows a jump in property values in the district's main centres

Date: 28 November 2016

The Central Otago District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The new rating valuations have been prepared 14,153 properties on behalf of the Central Otago District Council by Quotable Value (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for the ...


Porirua City property rating revaluation shows jump in values over past year

Date: 23 November 2016

The Porirua City Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The new rating valuations have been prepared 19,176 properties on behalf of the Porirua City Council by Quotable Value (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for the following three year...


Welcome to the New Look QV.co.nz

Date: 15 November 2016

The newly renovated QV.co.nz has opened!   The builders have left and we’ve given it a fresh coat of paint. We think it’s looking pretty flash but you be the judge.   This does mean that we’ve closed the doors to the old QV.co.nz site, but your current login details will unlock the door to the new website for all the same NZ land and property data that you trust.   Plus, the new version is mobile responsive (that means that you can now visit QV.co.nz from a computer, phone or tablet and have th...


Hastings rating revaluation shows solid growth in district's property values since 2013

Date: 10 November 2016

The Hastings District rating revaluation is now confirmed and property owners in the area will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates in their area or District for the following three year period. Rating values are just one of a number of factors councils use to allocate rates.   ...


Hanging up my Fortune-Teller's hat

Date: 04 November 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd.   The latest monthly QV House Price Index shows definite signs of value increases slowing down.   As a quick reminder of where we have come from: just a few months ago, almost every town and city in NZ was rising in value. Auckland had seen a brief dip late last year as the previous round of lending restrictions dented things slightly, but this year, Auckland had then surged away again as had Hamilton and Tauranga and more recently Wellington....


Understand your new rating value

Date: 10 October 2016

Each year around one third of New Zealand homeowners receive a new rating value for their property.   This happens because councils must keep the information they use to allocate rates up-to-date, and this year, QV has been contracted to reassess the rating values of 21 councils.  Check here to see if your council is part of the revaluation this year. If you own a property in one of the revaluation areas, you’ll receive a letter with your property's new rating value sometime between September -...


WE'VE FINISHED OUR RENOVATIONS!

Date: 06 October 2016

Have you seen the new look QV.co.nz yet?  We’ve had the builders hard at work and not only does the new house look pretty swish, it’s got great indoor/outdoor flow too (translated - we've freshened up the website's design, plus it's now much easier to find the property information you want and from any device too). You should be able to use the new website as normal, but if you have any issues with it (or any feedback on what you think of it) we’d love to hear from you: get in touch with us her...


Clearer signs of LVR impact emerging

Date: 06 October 2016

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd. The latest QV House Price stats are out and there are some signs of values slowing in Auckland, Hamilton and Tauranga, but Wellington hasn’t paused for breath as values continue to rise there – at a rate of 21% annually which is faster than at any time leading into the last peak of the market in 2007. Meanwhile Christchurch is still flat and Dunedin values continue to rise at around 3-4% quarterly.   For the full break down of values and ...


Wellington housing market now rising faster than Auckland

Date: 04 October 2016

The latest monthly QV House Price Index shows that nationwide residential property values for September have increased 14.3% over the past year. Values rose by 4.9% over the past three months and are now 49.5% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 13.8% and values are now 27.0% above the 2007 peak. The average value nationwide is $619,660. The Auckland market has increased 15.0% year on year and 5.8% over the pa...


The pro's guide to styling your home for sale

Date: 28 September 2016

So you’re about to put your place on the market. While there are some things that can’t be changed, such as location and aspect, there are plenty of steps you can take to present your home in the best possible light. Home stylists do this for a living, employing tricks of the trade to make properties appeal to a broad range of would-be buyers. Clever staging can potentially add tens of thousands of dollars to the sale price. How do you go about it? Here are some pro tips. Let there be light Phi...


One million is just another number

Date: 08 September 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. The inevitable has happened and the average value of a house in Auckland has gone past one million dollars and…I don’t care. This latest milestone has led to the Housing Minister being labelled the ‘million dollar minister’, the front page of the papers and the news websites have been awash with breathless stories of Auckland’s unaffordability, and the talkback lines filled with the usual pundits. Why don’t I care? Because it’s just a number. ...


QV reports that average value for Auckland tops $1million.

Date: 06 September 2016

Andrea Rush, QV National Spokesperson.    The latest monthly QV House Price Index shows that nationwide residential property values for August have increased 14.6% over the past year. Values rose by 6.0% over the past three months and are now 47.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 14.2% and values are now 25.6% above the 2007 peak. The average value nationwide is $612,527   The Auckland market has increased...