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Corelogic stories

Property monthly growth rate drops back below 2%
Real estate

Property monthly growth rate drops back below 2%

Tighter credit and more listings are likely to keep house price gains easing as annual growth slips for the first time since August 2020.

By Michael Curreen • 7 min read • Wed, 1st Dec 2021
Vendors continue to achieve record resale results
Real estate

Vendors continue to achieve record resale results

Record-low losses and near-universal gains in New Zealand’s housing market are being driven by tight supply, strong demand and cheap borrowing.

By Michael Curreen • 6 min read • Fri, 19th Nov 2021
House price jump start of a new trend?
Real estate

House price jump start of a new trend?

Rising mortgage costs and tighter lending rules are expected to cool the market, even after values posted their first monthly acceleration in six months.

By Michael Curreen • 7 min read • Fri, 5th Nov 2021
‘Certain property slowdown’ data confirms
Real estate

‘Certain property slowdown’ data confirms

Higher mortgage rates and tighter lending rules are already cooling New Zealand’s housing market, with investor demand slipping further.

By Michael Curreen • 4 min read • Sun, 31st Oct 2021
Housing market momentum continues to wane
Real estate

Housing market momentum continues to wane

Property values rose 1.4% nationally in September, but activity is easing as tighter lending and higher rates weigh on buyers.

By Michael Curreen • 5 min read • Sun, 10th Oct 2021
OCR rise won’t deter first home buyers as rent increases continue
Real estate

OCR rise won’t deter first home buyers as rent increases continue

Higher mortgage costs are unlikely to deter first-time buyers while rents keep climbing and remain above many monthly loan repayments.

By Michael Curreen • 4 min read • Fri, 8th Oct 2021
Most profitable suburbs revealed
Real estate

Most profitable suburbs revealed

Property values have surged nationwide, leaving first-home buyers facing tougher affordability as almost every New Zealand suburb gained at least 10%.

By Michael Curreen • 4 min read • Mon, 27th Sep 2021
Home construction costs surge by 2.2%
Construction

Home construction costs surge by 2.2%

Homeowners face higher rebuild insurance bills as labour and materials shortages pushed residential construction costs up 2.2% in June.

By Michael Curreen • 3 min read • Fri, 17th Sep 2021
Property market slowdown continues – house prices fall in two cities
Real estate

Property market slowdown continues – house prices fall in two cities

Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.

By Michael Curreen • 7 min read • Tue, 31st Aug 2021
Property sellers make an average gain of $347k
Real estate

Property sellers make an average gain of $347k

Nearly all New Zealand homes sold for a profit in the June quarter, as record-low mortgage rates and tight listings drove gains.

By Michael Curreen • 6 min read • Wed, 25th Aug 2021
Reserve Bank holds cash rate – what it means for the property market
Real estate

Reserve Bank holds cash rate – what it means for the property market

Borrowers face higher repayments and tighter credit as rate rises, though lockdown likely postpones the Reserve Bank’s next move.

By Michael Curreen • 2 min read • Mon, 23rd Aug 2021
Further mortgage restrictions coming as house price growth continues
Real estate

Further mortgage restrictions coming as house price growth continues

Borrowers face tighter lending rules as the Reserve Bank moves to curb risky loans amid house values rising 1.8% in July.

By Michael Curreen • 6 min read • Tue, 3rd Aug 2021
Is this the turning point of New Zealand’s property market?
Real estate

Is this the turning point of New Zealand’s property market?

Rising mortgage rates and tax changes are set to cool sales, but CoreLogic says a full property downturn still looks unlikely.

By Michael Curreen • 6 min read • Thu, 22nd Jul 2021
Best performing suburbs in 2021 so far
Real estate

Best performing suburbs in 2021 so far

Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.

By Michael Curreen • 5 min read • Mon, 21st Jun 2021
First home buyers losing hope
Real estate

First home buyers losing hope

Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.

By Michael Curreen • 7 min read • Tue, 18th May 2021
What is pushing up house construction costs?
Housing

What is pushing up house construction costs?

Busy sites, labour shortages and timber scarcities are pushing New Zealand house build costs higher, with CoreLogic flagging more rises ahead.

By Michael Curreen • 3 min read • Sun, 16th May 2021
Property market shows signs of slowing
Real estate

Property market shows signs of slowing

Signs of cooling are emerging as quieter open homes and more auctions passing in are expected to slow gains after a red-hot year.

By Michael Curreen • 10 min read • Fri, 7th May 2021
Property market game has changed
Real estate

Property market game has changed

Investor borrowing has already been curbed, as new housing rules begin to slow sales and cool the market further in 2021.

By Michael Curreen • 6 min read • Thu, 29th Apr 2021
Housing policy changes – what are the facts?
Real estate

Housing policy changes – what are the facts?

Landlords may avoid selling despite new tax rules, as CoreLogic says capital gains and Brightline liabilities outweigh the extra borrowing costs.

By Michael Curreen • 4 min read • Fri, 9th Apr 2021