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Apologies for the short audio cut-out at about 16 minutes. Please plough through it.
After a busy start to 2023 last week in terms of writing and media appearances, we’re back for the second podcast of the year, and there’s plenty to cover – most notably the guys cover off Kelvin’s ‘opinion piece’ setting out why the loan to value ratio rules won’t be loosened this year. This wasn’t triggered by any ‘whispers’ that we’ve heard; just a good opportunity to put all our random musings into one place.
The latest Cordell Construction Cost Index is also discussed, showing that the costs to build a new house rose at a record pace in 2022, but also that some respite could be on the way this year.
Good news for first home buyers too – their % share of property purchases is hovering at record highs, with reduced competition from other buyers, and of course lower house prices, all working in their favour. To be fair, the number of deals has fallen. But a high market share is still a good result.
The labour market also remains healthy, with filled jobs rising again in November. And this week we’re watching out for December’s REINZ figures (Wednesday), December’s Stats NZ rent data (Thursday), and November’s migration result (Friday).
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This podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.
