261 results found:
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- Asset Name: Latest OCR rise may not hit mortgage rates
- Overview Text: As expected the Reserve Bank (RBNZ) delivered another 0.5% increase in the official cash rate (OCR) today, taking it to 3% – the highest level since September 2015 (when it was lowered from 3% to 2.75%).
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- Asset Name: Hope for housing affordability as property prices fall
- Overview Text: New Zealand’s housing affordability is slowly showing signs of improvement, on the back of falling house prices and a gradual increase in incomes, according to CoreLogic’s bi-annual Housing Affordability Report.
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- Asset Name: 5 Ways Comprehensive Property Data Helps Inform Lending Strategies
- Overview Text: In today’s competitive landscape, preliminary data sets are not enough. Lenders need a holistic view of New Zealand’s mortgage market, to properly assess market share, peer-to-peer comparisons and geographical breakdown of vital buying and selling data.
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- Asset Name: New mortgage lending activity still very quiet
- Overview Text: Gross mortgage lending flows remained soft in August, with low-deposit finance hard to secure – just 0.7% of investors got such a loan last month (excluding new-builds), and 4.1% for owner-occupiers. A cautious attitude towards low equity loans isn’t hard to understand in an environment where property values are still falling. More generally, after a period where mortgage rates showed signs of a peak, the renewed increases in the past week or so will remain testing for new borrowers, and those rolling off older fixed loans.
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- Asset Name: First home buyers: get in now or wait?
- Overview Text: A question we’ve been asked many times recently is: as a first home buyer (FHB), should I purchase now, or wait and see if I can get a ‘bargain’ later?
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- Asset Name: Property downturn deepens, but important differences remain to GFC
- Overview Text: Decade-low sales volumes and fast-falling home values have deepened the housing market decline however some key dissimilarities between the GFC-induced downturn and today’s exist, CoreLogic NZ’s Q3 Property Market & Economic Update reveals.
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- Asset Name: Resale performance still solid, but weakening trend is clear
- Overview Text: The resale performance of residential real estate has continued to deteriorate, as the wider property downturn affects the ability of vendors to sell above their purchase price, CoreLogic NZ’s latest Pain & Gain report shows.
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- Asset Name: One-year fixed mortgage rates of 7% or more on the cards
- Overview Text: Given the evidence that inflation is proving tougher to stamp out than was previously expected, it doesn’t come as much surprise the Reserve Bank of New Zealand (RBNZ) opted for a ‘jumbo’ 0.75% increase in the official cash rate (OCR) today, lifting it to 4.25%.
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- Asset Name: High mortgage rates and recession – a bad combination for property
- Overview Text: The RBNZ’s final Monetary Policy Statement (MPS) for 2022 surprised many due to their indication the country’s economic outlook is worse than previously anticipated. The RBNZ now firmly expects a mild recession in 2023, which is ‘required’ to start to bring inflation down from the second half of 2023. Kelvin Davidson explores what else the MPS outlined, the implications for the property market, and what we should be watching for next.
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- Asset Name: Tough conditions for new investment purchases
- Overview Text: Mortgaged multiple property owners (MPOs, including investors) have been in the firing line lately, as Government/Reserve Bank regulation has ramped up, and the simple economics of being a landlord have also turned against them.
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- Asset Name: Opinion: New Zealand LVRs not likely to be loosened this year
- Overview Text: Early this year I was quoted in an article that explored how the country’s housing market might change if the current ‘artificial’ restrictions were taken off. It was a purely hypothetical scenario musing over the removal of the many handbrakes introduced in recent years including the Foreign Buyer Ban and loan-to-value ratio (LVR) rules.
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- Asset Name: New Zealand's Q4 CPI figure steady, but still high
- Overview Text: Today’s Stats NZ figures showed that inflation on the consumer price index (CPI) was unchanged in Q4, remaining at 7.2%. Categories such as food, rent, and building a new house were key contributors to the Q4 inflation figure.
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- Asset Name: We may not see a property investor comeback for a while yet
- Overview Text: There’s been an increasing number of hurdles placed in front of property investors in the past couple of years. With weaker market conditions I thought it was a good time to check in on the fundamentals to see whether it will be enough for property investors to jump back into action.
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- Asset Name: Reserve Bank stick to their guns in fight against inflation
- Overview Text: Given the (slowly) emerging evidence that inflation has peaked and that the economy is now starting to soften, it wasn’t a surprise to see the Reserve Bank opt for ‘only’ a 0.5% rise in the official cash rate (OCR) today, rather than the potential 0.75% increase.
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- Asset Name: Reserve Bank still taking a tough inflationary stance
- Overview Text: Today’s 0.5% increase to the official cash rate (OCR) was larger than many commentators (myself included) had been anticipating, but it reflects the Reserve Bank’s (RBNZ) continued concerns about inflation.
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- Asset Name: House prices still falling, but at a slower rate
- Overview Text: The downturn in New Zealand’s property market continued in April, with average values down by another 0.6%, CoreLogic’s monthly House Price Index (HPI) shows.
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- Asset Name: Property resale losses at seven-year high
- Overview Text: Continued falls in New Zealand home values have led to the highest portion of properties being resold for a gross loss since 2016.
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- Asset Name: RBNZ stays the course, OCR up to 5.5%
- Overview Text: Today’s 0.25% increase to the official cash rate (OCR) was fully in line with expectations, given inflation itself slowed in Q1 this year.
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- Asset Name: Home sales record first annual increase in two years
- Overview Text: Property transaction volumes have turned a corner, after consecutive interest rate hikes and tighter lending rules caused two years of softer sales and triggered New Zealand’s largest sales slump since 1983.
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- Asset Name: Trade-up premium falls creating opportunity for upsizers
- Overview Text: The continued downturn in property values over the past year has seen the gap in median values between three and four-bedroom homes shrink in most parts of the country. Kelvin Davidson explores the ‘trade-up premium’ and where you may be able to upsize for less than last year.
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- Asset Name: Interest rate hikes wipe out housing affordability gains
- Overview Text: Housing has become more affordable on some measures, but due to continued rate rises, mortgage repayments are still eating up a big chunk of people’s income, according to the latest CoreLogic Housing Affordability Report.
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- Asset Name: 10 things to know about mortgage debt right now
- Overview Text: In today's Market Pulse, Chief Property Economist Kelvin Davidson dives into lending activity and shares 10 key insights about mortgage debt across the country.
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- Asset Name: When will movers return to the market?
- Overview Text: Relocating owner-occupiers, or ‘movers’, have been relatively inactive over the past year or so, with upsizing, downsizing, and ‘new to area’ moves all drifting lower.
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- Asset Name: Monthly Housing Chart Pack - August 2023
- Overview Text: Each month the CoreLogic Research team puts together a Housing Chart Pack, with all the latest stats, facts and figures on the residential property market, such as the combined value of residential real estate, sales and listings, buyer classification, rents, credit conditions and more.
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- Asset Name: Property prices rise in 30% of NZ suburbs since June
- Overview Text: Signs of a turning point in Aotearoa New Zealand’s property market are on the rise as a growing number of suburbs record an increase in home values over the past three months.
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- Asset Name: Rising sales and low new listings will tighten buyer choice
- Overview Text: As property transactions continue to rise against a backdrop of still-low new listings hitting the market, sellers may slowly gain an upper hand as available stock shrinks to the lowest levels in over a year in most markets.
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- Asset Name: Unlocking Real Estate Success: Using SMS to overcome contact disengagement
- Overview Text: Did you know that 97.5% of contacts in agency CRMs haven’t had a connected phone call in the last 12 months?*That means there is a wealth of potential vendors already existing in your CRM which haven’t been tapped in to. With time constraints and being constantly on the move, it is challenging to stay connected with clients, which in turn can hinder your prospecting efforts and result in missed opportunities. But what if there was a solution?
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- Asset Name: ‘Mums and Dads’ set for a come back?
- Overview Text: In today's Market Pulse, Chief Property Economist Kelvin Davidson analyses the shift in investor's property purchasing activity.
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- Asset Name: House prices begin to rise, but recovery set to remain slow
- Overview Text: After remaining flat in September, CoreLogic’s national House Price Index (HPI) posted the first rise in property values since March 2022, up 0.4% in October and 0.1% higher over the past three months.
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- Asset Name: First home buyers hit record high 27% market share
- Overview Text: Despite stretched affordability, high interest rates, and cost of living pressures, first home buyers (FHBs) in New Zealand continue to lead the market in purchasing activity, highlighting the continued strong appeal of having a 'foot on the ladder'.
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- Asset Name: Nine out of 10 properties still selling for a profit
- Overview Text: A turnaround in wider housing market conditions has led the portion of profitable property resales to almost stablise in Q3, after falling by almost seven percentage points in less than two years.
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- Asset Name: New Zealand rents surge 6.1% in the past year
- Overview Text: Rental growth is running at historically high levels, hitting 6.1% in the year to October, roughly double the long-term average growth rate of 3.2%, CoreLogic NZ’s Monthly Housing Chart Pack shows.
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- Asset Name: Supporting Pepper Money in streamlining mortgage origination
- Overview Text: Pepper Money's vision is to help more Kiwis achieve their home ownership goals. To do this, they leverage CoreLogic’s innovative digital mortgage solutions, helping them make fast, confident lending decisions, and provide a smooth and stress-free experience for their advisers and customers.
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- Asset Name: Home values rise 0.7% in November
- Overview Text: Hot on the heels of October's 0.4% rise in property values, the CoreLogic House Price Index shows another rise in November, of 0.7%.
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- Asset Name: An OCR decision of words not actions
- Overview Text: Kelvin Davidson explains why today’s decision from the RBNZ to leave the official cash rate unchanged at 5.5% won’t have surprised anybody.
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- Asset Name: How Agents are using data to navigate a challenging market
- Overview Text: Since the peak for property values in March 2022 the real estate market across New Zealand has grown increasingly more challenging for real estate agents who have been faced with longer sales periods and reduced buyer confidence due to increasing interest rates.
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