The NZ Property Market Podcast CoreLogic NZ

Despite last week's well-received reactionary pod to the latest CPI inflation data, Nick and Kelvin can't help but dig a bit deeper into the data to get a steer on where things, in particular the OCR, are going. 
Other topics this week include the CoreLogic monthly chart pack, which focussed on borrowers preference to fix their mortgages short as well as the patchy nature of this recovery. 
That patchiness, and arguably weakness was backed up by the release of the REINZ index and sales tracking. 
On the flip side of all the negativity, Kelvin reports that early calcs from the NZAC indicate we may have re-exited the recession, but we all know high net migration (new data on that front too) has a large part to play in that too.
Lastly, there's a mention of the CCCFA announcement - not much detail to analyse and even less impact likely, due to high interest rates being the key constraint on funding lines right now. 
Check out the monthly video and Kelvin's appearance on Tova O'Brien's Stuff podcast.
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In this quick podcast Nick and Kelvin give their reaction to the just-released CPI inflation data.
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After quickly passing over the latest OCR decision from the RBNZ and one more construction release to add to last week's construction heavy chat, Nick and Kelvin delve into the current and future rental market.
There's rental price change to discuss, the reversal of some tenancy laws and the latest buyer classification data to assist.
Add in a bit on the economy and inflation ahead of the Q1 CPI data out this week and you've got a comprehensive review of the market. All in less than 40 mins. 
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The dominant theme this week is construction – from the Cordell Construction Cost Index showing subdued cost growth to start 2024, through to new dwelling consents in February (still falling), to Stats NZ’s experimental dataset looking at completion timeframes and the number of code compliance certificates issued (dwelling completions) – we have it all!

Not only that, but the Government also announced its intention to allow more imported building products to be used in NZ dwellings, with the aim of controlling cost pressures.

The guys also cover off last week’s CoreLogic House Price Index for March, and filled jobs data for February – both releases were a little mixed.

It’s another busy one this week too, with more mortgage lending data due, along with CoreLogic’s Buyer Classification figures and Stats NZ rent figures for March. The Reserve Bank will top it off with another cash rate decision on Wednesday, which is likely to be no change at 5.5%.
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Coming to you on Easter Monday, Nick and Kelvin catch up to discuss the week that was in the property market. Starting off with Kelvin's latest article, analysing the new build premium (using the CoreLogic Market Trends dataset).
In macro-economic news, Kelvin rounds up the latest lending data from the RBNZ, including the flow of loans and state of terms left on total stock. There's also consumer and business confidence survey data to digest, which was likely affected by confirmation of the recession, proving we all pay attention to the media headlines.
Plus, what was up with the RBNZ Governor, Adrian Orr's media appearance, seemingly paving the way for rate cuts?
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This week it's all about the economy (outside of a bit of Sail GP chat of course), after the release of the GDP data for Q4 last year confirmed we're officially back in a recession, the second time in a year for the classic double dip. What does it all mean though and what does the more timely NZAC tell us about how 2024 has started?
Kelvin also speaks about the CoreLogic release of the monthly chart pack, where the property investor situation was a core focus. 
The International Monetary Fund (IMF) also paid a visit to the CoreLogic offices recently, as part of their usual fact finding mission to put together their latest Article IV report. Taxes once again were a topic of interest - with housing in the spotlight. 
The lingering question though is how and when could we really see a fundamental shift in the NZ tax system? Following the leader of the opposition, Chris Hipkins opening the door on capital gains/wealth/land taxes again over the weekend though, perhaps it's sooner than we'd originally thought?
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