Property Insights Blog


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.  


50% off Australian property reports from Property Value

Date: 13 September 2017

  Have you got an interest in Australian property? If so then we've got a great deal for you.   Our friends over at propertyvalue.com.au are offering QV.co.nz users 50% off Australian property reports and subscriptions with the promo code "KIWI".    Get a Property Report to find out the history, attributes and estimated value of a property you're interested in, as well as similar recently sold properties and suburb insights. Purchase a Postcode Report to view detailed analysis of activity in an...


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...


Read me before you pick up the sledgehammer

Date: 23 August 2016

Kylie Davis - Head of Marketing - Property Solutions, Australia and New Zealand, CoreLogic   Big or small, renovations can be time-consuming and costly. That’s why it pays to do your homework. Here are six of the most important things to consider before you even think about knocking down that wall. Why are you renovating? It might sound obvious, but you need to decide why you are embarking on any renovation project. Do you want to live in the house for 10 years or more? Are you hoping to sell q...


Values carry on rising, but is the game about to change?

Date: 04 August 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. The latest monthly QV House Price Index results are no real surprise. Values rising almost everywhere, and in some places, like Hamilton, they are rising faster than any time since the 1980’s. So while there are few changes on that front, there have been two reasonably significant events since last month. Both could potentially change the direction of the housing market. The first is the latest round of lending restrictions announced by the Re...


New Zealands average home value tops $600,000 as values soar

Date: 02 August 2016

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 14.1% over the past year. Values rose by 6.1% over the past three months and are now 45.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 13.7% and values are now 23.5% above the 2007 peak. The average value nationwide has now ticked over the $600,000s and is $602,434. The Auckland market has increased 16.0% ...


Will the market fly or crash before RBNZ restrictions hit later in the year

Date: 13 July 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd.   The latest monthly QV house price index results were released last week. No real surprises came out of that, with values continuing to increase almost everywhere across the country. Last month we produced a visualisation of value increases across the country if you want a refresher. The latest highlights are that the top half of the North Island and Wellington are increasing at around 5.5% in the last three months. Dunedin is up 4%. Annualis...


Surge in investor activity sees home values soar across NZ

Date: 05 July 2016

The latest monthly QV House Price Index shows that nationwide residential property values for June have increased 13.5% over the past year. Values rose by 5.6% over the past three months and are now 42.6% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 13.0% and values are now 21.6% above the 2007 peak. The average value nationwide is now $590,909. The Auckland market has increased 16.1% year on year and 4.7% over the pas...


Property values continue to grow, and not just in Auckland

Date: 03 June 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. The latest QV House Price Index is out and confirms a continuation of previous trends. Auckland values have continued to rebound after their short and shallow drop, while much of the rest of the country is also rising. If you look at the accompanying map you will see the extent of value increases over the past six months for every local council area across the country. Why six months? That covers the period of time that Auckland has responded ...


Auckland values rising again as investors drive NZ home values up

Date: 01 June 2016

The latest monthly QV House Price Index shows that nationwide residential property values for May have increased 12.4% over the past year. Values rose by 3.9% over the past three months and are now 39.5% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.9% and values are now 18.9% above the 2007 peak. The average value nationwide is now $577,829. The Auckland market has increased 15.4% year on year and 3.3% over the past...


Auckland bounce back confirmed as other main centres grow

Date: 05 May 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. Another month has passed and the rebound of Auckland values can now be confirmed. The latest monthly QV House Price Index shows that the dip in values which started in December only lasted two months. And the drop in values was a measly 0.8%. In the last two months values have begun to rise again and have not only recovered that small dip but gone ahead of the December high by a further 1%. Auckland values are now at a new high of $942,760. So...


Low interest rates aid continued growth in housing market

Date: 04 May 2016

The latest monthly QV House Price Index shows that nationwide residential property values for April have increased 12.0% over the past year. Values rose by 2.1% over the past three months and are now 37.1% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.6% and values are now 16.9% above the 2007 peak. The average value nationwide is now $568,058. The Auckland market has increased 16.5% year on year which is a slightly ...


Auckland rebounds

Date: 07 April 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. Auckland values have rebounded again after dropping for only two months according to the latest QV House Price Index release. The index had dropped in both January and February meaning that Auckland values had dropped very slightly by 0.8% from the December peak. However the latest results show that in March the index rebounded 0.6%. I had been expecting a brief and shallow drop in Auckland values due to the new restrictions on investors and t...


Home values continue to rise in many parts of New Zealand

Date: 06 April 2016

The latest monthly QV House Price Index shows that nationwide residential property values for March have increased 11.4% over the past year. Values rose slightly by 0.2% over the past three months and are now 35% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.3% and values are now 15.4% above the 2007 peak. The average value nationwide is now $559,492. The Auckland market has increased 16.9% year on year, but has decr...


Auckland continues its slide

Date: 03 March 2016

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd. Auckland values have dropped for the second month in a row according to the latest QV House Price Index. Meanwhile values across most of the rest of the country continue to increase. Auckland values dropped a further 0.4% over the past month and are now down 0.8% from December 2015. Hardly massive decreases but definitely a change from what we have been used to. While the drops are more marked in central and West Auckland, the heat is now ...


Auckland home values drop while other centres rise

Date: 02 March 2016

The latest monthly QV House Price Index shows that nationwide residential property values for February have increased 11.6% over the past year. Values rose slightly by 0.1% over the past three months and are now 34.3% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.5% and values are now 14.7% above the 2007 peak. The average value nationwide is now $556,306. The Auckland market has increased 17.8% year on year, but has...


Auckland drops, the rest rise

Date: 10 February 2016

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd. Auckland values have dropped in the last month according to the latest QV house price index. Values in areas near Auckland continue to increase strongly while further South, things are a little patchier. Across wider Auckland, values dropped by 0.5% to $928,921 at the end of January compared to a month earlier. The previous two months had already shown a marked slowdown from the increases we have become used to seeing in Auckland. This is ...


Auckland home values edge down while regions rise

Date: 09 February 2016

  The latest monthly QV House Price Index shows that nationwide residential property values for January have decreased by 0.3% over the past month, which is the result of a 0.5% decrease in the Auckland region in the month since December 2015. However, nationwide values have risen 12.6% over the past year and 0.7% over the past three months. They are now 34.2% above the previous market peak of late 2007. The average value nationwide is now $556,206. When adjusted for inflation the nationwide an...


Latest QV homeguide update now out

Date: 20 January 2016

The latest update of QV homeguide has just been released. This update provides you with an estimated weekly repayment on all homes and listings. There's also a link to ANZ's Home Loan Repayment Calculator if you want more repayment options.    Download the App now   QV homeguide for Android   QV homeguide for iPhone   The App is designed to help you find property information when you are out and about  whether buying, selling, or simply viewing a home.   Free to install, QV homeguide provides a...


Auckland values finally slow, while the rest of the country speeds up

Date: 14 January 2016

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd. The QV house price index for December, powered by Corelogic, has just been released. So how did 2015 end? First let’s talk about Auckland. After all it is our biggest city, and it’s also Auckland that has caught everyone’s attention with its rapid value growth for several years. Well, it finally appears as if that growth is slowing down. During 2015 the rate of growth every three months rose from 5% to nearly 9% in the three months to Nove...


Year-end sees Auckland housing market slow while other centres on the rise

Date: 13 January 2016

Nationwide residential property values surged ahead in the year to December 2015 at a rate of more than 10% faster than for the same period the previous year.   Overall the nationwide average shows residential property values increased 14.2% or $69,472 during 2015 from $488,674 in December 2014 to $558,146 in December 2015, according to the latest statistics from Quotable Value (QV) powered by CoreLogic.   The average national value increased 2.9% over the final three months of 2015 and nationw...


Could 2016 be the year for First Home Buyers?

Date: 12 January 2016

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd. First Home Buyers found their way back into the market throughout 2015 as lending conditions remained favourable and regulatory changes targeted property investors, both local and foreign. KiwiSaver funds being accessed for first homes continues to increase as more and more people become eligible to withdraw funds and on 1 April 2015 new rules came into effect for first-home withdrawals that allowed larger sums to be withdrawn. Our Buyer ...


Holiday close down period

Date: 22 December 2015

Our office is closed from 5.30pm on the 23rd December 2015, re-opening on the 5th January 2016, however the QV.co.nz site will continue to function as normal. The QV.co.nz Customer Support team will be available during this close-down period to answer any urgent calls or queries, except on Statutory Public Holidays. 


Are there signs that values are slowing?

Date: 03 December 2015

There is not yet any conclusive evidence that Auckland values are dropping, at least according to the latest monthly QV House Price Index. Across Auckland values rose 24.4% year on year, exactly the same as we saw last month. The value change over the last three months was 6.5% down a little from the 7.3% reported last month. In dollar terms that is an increase of $183k over the past year for the average Auckland home, and $57k over the past three months. That’s an eye-watering $626 dollars a d...


New rules take heat out of Auckland market and give regional home values a boost

Date: 01 December 2015

The latest monthly QV House Price Index shows that nationwide residential property values for November have increased 15.0% over the past year which is the fastest rate since February 2006. Values rose 4.0% over the past three months and are now 34.1% above the previous market peak of late 2007. The average value nationwide is now $555,729. When adjusted for inflation the nationwide annual increase drops slightly to 14.5% and values are now 14.0% above the 2007 peak. The Auckland market has inc...


How to access your Free Rating Value reports on QV.co.nz

Date: 11 November 2015

A big thank you to Mitre 10 for sponsoring free Rating Valuation reports on QV.co.nz for the rest of 2015. Here is how to access your report. 1. First you need to register or log in 2. In the search bar type the address of the property you wish to get a Rating Valuation report for 3. Click on the Rating Valuation link or scroll down untill you see the Rating Valuation heading 4. Click Buy 5. Click Purchase 6. Go back to the Property Details page to view on screen (you will also get emailed a co...


How does the current property market compare with previous cycles?

Date: 05 November 2015

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd.   We are in a very interesting time for the property market with varying factors indicating differing directions, and there is no shortage of anecdotes supporting all sorts of theories.    One of the themes that has caught my eye has been when comparing the last time annual growth was this strong. In many parts of the country, this was back before the last peak in 2007/08.    The latest monthly QV House Price Index shows Auckland’s latest...


Average home value exceeds $900,000 pushing New Zealand average over $550,000

Date: 03 November 2015

The latest monthly QV House Price Index shows that nationwide residential property values for October have increased 14.0% over the past year which is the fastest rate since March 2006. Values rose 4.7% over the past three months and are now 33.3% above the previous market peak of late 2007. The average value nationwide is now $552,345. When adjusted for inflation the nationwide annual increase drops slightly to 13.6% and values are now 13.3% above the 2007 peak. The Auckland market has increas...


Why this Auckland first home buyer headed north for a better life

Date: 20 October 2015

QV Whangarei’s newly appointed Team Manager and Valuer, Tom Ujdur decided to relocate his family from Auckland to the idyllic coastal settlement of Ngunguru.  He talks about why why he thinks it’s a great lifestyle option for other Auckland first home buyers struggling to break into housing market. From my office in Freeman’s Bay Auckland, I was seconded up to the QV Whangarei office to assist with the three-yearly rating revaluation for the Whangarei District which is currently being completed...


Watching the market change

Date: 05 October 2015

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd It’s an absolutely fascinating time to be watching the housing market. It feels like we are right on the verge of the market changing shape, and in fact it already is. After several years of telling the same story about Auckland values increasing rapidly while much of the rest of the country stagnates, we finally have a different story to tell. It’s now about values rising in other areas while there are signs of activity in Auckland slowing...


Nationwide home values rise at fastest annual rate since 2007

Date: 01 October 2015

The latest monthly QV House Price Index shows that nationwide residential property values for September have increased 12.6% over the past year which is the fastest rate since October 2007. Values rose 4.2% over the past three months and are now 30.9% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.3% and values are now 11.8% above the 2007 peak. The average value nationwide is now $542,277. The Auckland market has inc...


Property Survey uncovers real attitudes of Kiwis in the property market

Date: 16 September 2015

Property has become a major national pastime in New Zealand, with most of us buying, renovating or selling at least one property in our lifetime. Property and Real Estate is an important part of the average Kiwis life, in today’s market more than ever. So we went directly to you, our customers,  to find out first-hand what New Zealanders really thought about property – what were  the drivers behind purchasing decisions, stress factors associated with buying and selling, and the attitudes of New...


Market already busy before spring starts

Date: 02 September 2015

Auckland values continue to surge ahead but now so too is Hamilton according to the latest QV house price index. We are now well used to talking about the increase in Auckland values and this month is no exception. Values in the Supercity are up 20.4% over the past year, and that rate of increase is the fastest in over ten years. Over the past three months values have risen 5.6%, which is a fraction slower than last month, and reflects that some parts of Auckland are decelerating. More on that ...


New Zealand home values rise at fastest rate in eight years

Date: 01 September 2015

The latest monthly QV House Price Index shows that nationwide residential property values for August have increased 11.3% over the past year. Values rose 3.9% over the past three months and are now 29.0% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.0% and values are now 10.2% above the 2007 peak. The Auckland market has increased 20.4% year on year, 5.6% over the past three months and 60.1% since 2007.  When adjuste...


Value increases spread beyond Auckland, but not far

Date: 05 August 2015

The latest monthly QV House Price Index results are out and they continue to show the strength of the Auckland market. Across the Auckland Region values are up 18.8% annually and 5.7% over the past three months. The average current value of the housing stock now sits at $855,672. That rate of growth is the fastest since 2003 and reflects the current supply and demand imbalance in Auckland. The increase in values in Auckland did slow considerably immediately following the implementation of the L...


New Zealand home values rise at fastest rate in seven years

Date: 04 August 2015

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 10.1% over the past year which is the fastest annual rate since 2007. Values rose 4.1% over the past three months and are now 27.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 9.9% and values are now 8.8% above the 2007 peak. The Auckland market has increased 18.8% year on year, 5.7% over the past three mo...