Shows
Heather du Plessis-Allan DriveKelvin Davidson: Cotality Chief Property Economist on the reports claiming women are being left behind in the property marketWomen are continuing to lag significantly behind men when it comes to home ownership. Data from Cotality shows more than half of Gen Z men surveyed own their own home, while just a third of women do. The disparity also exists amongst the millennial and Gen X age groups. Cotality Chief Property Economist Kelvin Davidson says it's not an attitude issue. "Females actually rate property ownership more important than males, pretty much across the spectrum. So this is about other things, monetary factors, there's unfortunately still that gender wage gap across Ne...
2026-02-2602 min
Best of BusinessKelvin Davidson: Cotality Chief Property Economist on the reports claiming women are being left behind in the property marketWomen are continuing to lag significantly behind men when it comes to home ownership. Data from Cotality shows more than half of Gen Z men surveyed own their own home, while just a third of women do. The disparity also exists amongst the millennial and Gen X age groups. Cotality Chief Property Economist Kelvin Davidson says it's not an attitude issue. "Females actually rate property ownership more important than males, pretty much across the spectrum. So this is about other things, monetary factors, there's unfortunately still that gender wage gap across Ne...
2026-02-2602 min
Early Edition with Ryan BridgeKelvin Davidson: Cotality Chief Property Economist on stabilising property profits andNew Zealand homeowners are holding onto their properties for the longest period yet. A report by Cotality NZ reveals the median hold period for profitable re-sales hit a record 10.1 years for the fourth quarter of last year. Resale profits have also stabilised, with 88% of homes selling for more than their purchase price. Chief Property Economist Kelvin Davidson told Ryan Bridge the housing market is pretty flat, so if you want to make some kind of gain you have to hold on for longer than in the past. He says there’s a star...
2026-02-1102 min
The SME StreamKelvin Davidson: Cotality's Chief Property Economist on house prices falling 1% in 2025New Zealand may be in for a more positive property market in the new year. Cotality’s January Home Value Index shows that property values were down 1% in 2025 – a drop of 17% from the 2022 peak. Regional performance varied, with Aukland and Wellington remaining weak, but Southland districts and provincial centres such as New Plymouth and Queenstown seeing increases. Cotality’s Chief Property Economist Kelvin Davidson told Andrew Dickens that the reason they’re forecasting increases is because a number of factors that restrain house prices are starting to turn around. He says mortgage rat...
2026-01-0503 min
Holiday BreakfastKelvin Davidson: Cotality's Chief Property Economist on house prices falling 1% in 2025New Zealand may be in for a more positive property market in the new year. Cotality’s January Home Value Index shows that property values were down 1% in 2025 – a drop of 17% from the 2022 peak. Regional performance varied, with Aukland and Wellington remaining weak, but Southland districts and provincial centres such as New Plymouth and Queenstown seeing increases. Cotality’s Chief Property Economist Kelvin Davidson told Andrew Dickens that the reason they’re forecasting increases is because a number of factors that restrain house prices are starting to turn around. He says mortgage rat...
2026-01-0503 min
The Mike Hosking BreakfastKelvin Davidson: Cotality Chief Property Economist on property values rising after a five month slideThere's a view the property market will continue to be in buyers' favour for some time, despite values edging up. Cotality data shows property values in New Zealand ticked up by 0.1% in September, following a cumulative 1.6% drop over the five months to August. Chief Property Economist Kelvin Davidson says regional New Zealand properties are faring better. He told Mike Hosking that 2026 is looking better, but right now things are pretty flat. LISTEN ABOVE See omnystudio.com/listener for privacy information.
2025-10-0102 min
The SME StreamKelvin Davidson: Cotality Chief Property Economist on the housing value-to-income ratio reaching its lowest since mid-2019Lower mortgage rates and income growth have helped improve housing affordability. Cotality NZ’s new report finds the national value-to-income ratio reached its lowest point since mid-2019 in the June quarter, at 7.5%. National property values also remain almost 17% below their post-covid peak. Cotality Chief Property Economist Kelvin Davidson told Mike Hosking mortgage serviceability has seen a significant change, compared to its 2022 high of 57%. He says it now takes around 44% of the median household income, so it's getting close to normal. LISTEN ABOVE The podcasts in the SME Stream c...
2025-08-2703 min
Full Court Press : A College Basketball Coaches Show#142: Houston Cougars Men's Basketball Coach Kelvin SampsonSend us a textThis was one show is EPIC as we welcome Houston Cougars Head Men's Coach Kelvin Sampson to the Full Court Press : A College Basketball Coaches Show to talk Cougars Basketball, what to expect from his team this upcoming season while Coach Sampson shares some really funny never before shared stories from a legendary coaching career. This is must listen and we are big fans of Coach Sampson because all he does is win!SUBSCRIBE NOW to the Full Court Press YOU TUBE channel:https://www.youtube.com/@FullCourtNetwork...
2025-07-3141 minEarly Edition with Ryan BridgeKelvin Davidson: Cotality Chief Property Economist on the rising number of mortgage holders swapping loan providersThose with mortgages are bank-hopping at record rates, but not necessarily to get lower interest rates. More than 3,500 holders switched nearly two and a half billion dollars of debt between loan providers last month. It's the highest since records began in 2017. Cotality Chief Property Economist Kelvin Davidson says it reflects a mix of factors including short term loans, minimal or no break fees, and cash-back incentives. He told Ryan Bridge it’s reasonably common to get 0.7-0.8% of the loan value as a cashback, up to certain caps, so it would make s...
2025-07-3003 min
The SME StreamKelvin Davidson: Cotality Chief Property Economist on property values growing slightly in JuneNew Zealand’s property values are ticking back up again. New data from Cotality has revealed a 0.2% national increase in June, reversing the 0.1% falls that came in April and May. The medium house price remains around the $815,000 mark, with Tauranga and Christchurch both increasing by 0.6%. Chief Property Economist Kelvin Davidson told Mike Hosking property values are fairly flat when averaged out over a few months. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessa...
2025-07-0303 min
Leverage AddictsAuckland & Wellington Property WARNING! The Market Shift That Changes Everything!Auckland & Wellington Property WARNING! The Market Shift That Changes Everything! 🌪️🌧️A storm is brewing in the Auckland and Wellington property markets! 🌩️ Whether you’re a homeowner, investor, or first-time buyer, the shifting economic winds could change everything you thought you knew about New Zealand real estate.In this episode of mortgagehq, we sit down with Kelvin Davidson, the Chief Economist at CoreLogic, to dissect the latest property market data, interest rate trends, and economic factors reshaping housing across New Zealand. Is this the eye of the storm before a major correction, or is there blue sky ahead? 🌤️...
2025-03-2013 minBest of BusinessKelvin Davidson: CoreLogic Chief Property Economist on the connection between the gender pay gap and home ownershipHome ownership rates among women have gone up, but there's concern financial barriers are holding them back from investment properties. The latest edition of CoreLogic’s Women & Property Report shows that 23 percent of women had sole ownership of a property compared to 20.9 percent for men, with mixed-gender ownership accounting for 56 percent. CoreLogic Chief Property Economist Kelvin Davidson says the gender wage gap is still impacting women's salaries. "There's a female deficit, I guess, when it comes to investment properties. So great, females own a proportionately higher number of owner-occupied properties, but there is al...
2025-02-2704 min
The OneRoof Radio ShowKelvin Davidson: Home ownership is higher because people are leaving AucklandRecently released Census data shows home ownership has increased nationwide, but Auckland is the exception. CoreLogic Chief Property Economist Kelvin Davidson joins Tim Beveridge on The Weekend Collective to discuss why. LISTEN ABOVESee omnystudio.com/listener for privacy information.
2024-10-0541 min
The Weekend CollectiveKelvin Davidson: Home ownership is higher because people are leaving AucklandRecently released Census data shows home ownership has increased nationwide, but Auckland is the exception. CoreLogic Chief Property Economist Kelvin Davidson joins Tim Beveridge on The Weekend Collective to discuss why. LISTEN ABOVESee omnystudio.com/listener for privacy information.
2024-10-0541 minThe Weekend CollectiveKelvin Davidson: The OCR was cut but don't hold your breathThe Reserve Bank of New Zealand cut the Official Cash Rate for the first time since the beginning of 2020. Chief Economist Kelvin Davidson joins Tim Beveridge to discuss what this means for the housing market. LISTEN ABOVESee omnystudio.com/listener for privacy information.
2024-08-1740 minThe OneRoof Radio ShowKelvin Davidson: The OCR was cut but don't hold your breathThe Reserve Bank of New Zealand cut the Official Cash Rate for the first time since the beginning of 2020. Chief Economist Kelvin Davidson joins Tim Beveridge to discuss what this means for the housing market. LISTEN ABOVESee omnystudio.com/listener for privacy information.
2024-08-1740 minThe OneRoof Radio ShowKelvin Davidson: How is the Reserve Bank straining the housing market?ASB has revised their OCR outlook as the economy continues to weaken due to inflationary pressures. How has this impacted the property market? CoreLogic's Kelvin Davidson joins The Weekend Collective to discuss. LISTEN ABOVESee omnystudio.com/listener for privacy information.
2024-07-0641 minThe Weekend CollectiveKelvin Davidson: How is the Reserve Bank straining the housing market?ASB has revised their OCR outlook as the economy continues to weaken due to inflationary pressures. How has this impacted the property market? CoreLogic's Kelvin Davidson joins The Weekend Collective to discuss. LISTEN ABOVESee omnystudio.com/listener for privacy information.
2024-07-0641 min
Kerre Woodham Mornings PodcastKelvin Davidson: Corelogic Chief Property Economist on the OCR and inflationParts of our economy are continuing to provide inflation pressures for the Reserve Bank. It's decided to keep the OCR at 5.5% and has signalled a rate cut no sooner than the second quarter of next year. The move to keep the OCR the same was anticipated, but many were hoping for rate cuts to come earlier. Corelogic’s Chief Property Economist Kelvin Davidson told Kerre Woodham that this is the monetary policy tightening cycle in action. He said you have to squeeze the economy a bit to get inflation down, which means...
2024-05-2307 minKerre Woodham Mornings PodcastKelvin Davidson: CoreLogic Chief Property Economist on the surge of first-home buyersA record surge of first-home buyers are in the market as prices come down. CoreLogic data shows people looking to buy their first home accounted for 27% of all purchases in the past three months. Despite stretched affordability, high interest rates, and cost of living pressures, first-home buyers still want a 'foot on the ladder'. CoreLogic Chief Property Economist Kelvin Davidson told Kerre Woodham that while their market share is at a record high, the number of deals overall is not. He said that it equates to four and a half thousand deal...
2023-11-0907 min
Over Our Garden Wall - Music PodcastLive Music & Me. Episode 9. Robert Hodgens.t's always a pleasure talking music with Robert ( aka Bobby Bluebell), and this is especially true when talking about gigs! Bobby talks about his first ' big' gig, Elton John at Kelvin Hall. Glasgow, the first gig he went to with a partner ( Top Of The Pops, no, really!) , and the Burt Bacharach gig that most surprised him ( in a good way)
As it's Bobby, we also asked him about his favourite Bluebells gig ( Barcelona and Glasgow, he picked two!), and we finished with his declaration of love for early Orange Juice and the Velvet Underground. Oh, and Bobby...
2023-06-3026 min
Dweirdo PodcastOne on One ft Kelvin DavidsonHey yo Listeners!! Episode 2 of One on One is here!!!!! 💃🏻💃🏻💃🏻. I linked up with The Harmony Chef himself Kelvin Davidson and we talked about Music, his brand and many more.. Don’t forget to share Link. 🤍
2023-06-1924 min
The Kākā by Bernard HickeyBuilding inflation seen rising and extendingTLDR: Construction cost inflation hit a record high annual rate of 7.7% in the June quarter and is likely to remain intense for the rest of the year, Core Logic reports this morning in its quarterly Cordell Construction Cost Index. It sees the potential for a further rise into double digits because of labour shortages later this year.Paid subscribers can see more detail and hear more of my analysis in the podcast above.‘It will get worse before it gets better’Core Logic published its Cordell Construction Cost Index (CCCI) for the June quar...
2022-07-2104 min
The NZ Property Market PodcastS3.E25 - A whole lotta dataSend us a question/idea/opinion direct via text message!Plenty of data and other releases to cover this week, starting with RBNZ lending data for May. Most interestingly there was a lift in low deposit lending, but Kelvin also picks up on the reduction of interest-only lending as worthy of attention. Full article available too.The RBNZ's Chief Economist Paul Conway also delivered a speech last week, which Nick and Kelvin briefly discuss, however it has served as more of a reaffirmation of the broader state of the market than anything particularly new.
2022-07-0428 minThe NZ Property Market PodcastS3.E24 - A new lens on affordability?Send us a question/idea/opinion direct via text message!Infometrics' release of their new report "Housing update: A new lens on affordability" dominates the discussion this week, as it brings to the fore the consideration of assessing all payments over the lifetime of a mortgage rather than simply the price paid when bought. The key headline was that it's now the worst time to be a first home buyer in NZ since 1957, and based on the quality of the report it's hard to argue the point. Nick and Kelvin do however, dig into a l...
2022-06-2735 minThe NZ Property Market PodcastS3.E22 - The lending environment...againSend us a question/idea/opinion direct via text message!In amongst some wild weather over the weekend, credit conditions and interest rates are back as a key discussion point again this week, given the soon-to-begin relaxation of the CCCFA rules, but on the other hand the start of Quantitative Tightening from the Reserve Bank. Even though the RBNZ envisages QT being a smooth/managed process, Nick and Kelvin discuss how there’s surely some kind of risk that it adds to upwards pressure on mortgage rates.Buyer Classification for May is also covered off, an...
2022-06-1335 minThe NZ Property Market PodcastS3.E21 - HPI, new builds and confidenceSend us a question/idea/opinion direct via text message!In what was a relatively quieter week for property market data, Nick and Kelvin spend a bit of time discussing the latest CoreLogic House Price Index (HPI) data and some of the resulting media coverage.It also gave Kelvin an opportunity to check out the new experimental series from Stats NZ regarding Code of Compliance Certificates (CCC) being issued around the country. This, on top of the latest building consent figures and ANZ consumer confidence release leads the way to further consideration of the vulnerable...
2022-06-0737 minThe NZ Property Market PodcastS3.E18 - First home buyers suffer, values hurtingSend us a question/idea/opinion direct via text message!The latest 6-monthly CoreLogic first home buyers report clearly illustrated the recent struggles for first home buyers as credit availability and affordability pressures impacted their activity. Of course the report goes into greater detail, as do Nick and Kelvin in their resulting discussion.REINZ figures for April are also a hot topic, particularly due to the stark index result that Wellington City is now -14.2% down from its October peak.Kelvin also provides his take on the latest Westpac Economics team release on...
2022-05-1638 minThe NZ Property Market PodcastSpecial Episode - Women and Property 2022Send us a question/idea/opinion direct via text message!In this special edition podcast, to recognise and celebrate International Women's Day 2022 (IWD), Nick and Kelvin are joined by Kristen Lunmen, founder of Hatch.The theme of this years IWD is #breakthebias and throughout the podcast Kristen provides great insight into how she's done exactly that, as well as tips for how Women can do the same, in both their career and ambitions for financial freedom.The second annual CoreLogic Women and Property report, written by Head of Research for CoreLogic AU, Eliza...
2022-03-0741 minThe NZ Property Market PodcastS3.E7 - The future of interest ratesSend us a question/idea/opinion direct via text message!Covid may have hit the CoreLogic Research Team this week, as Kelvin and his whanau have woken up a tad worse for wear today. Unsurprisingly Kelvin still manages to get through the pod with his usual array of commentary and insights on the topical factors impacting the property market.Of course the key point of discussion is the latest RBNZ Monetary Policy Statement and Official Cash Rate (OCR) review which resulted in a 0.25% increase to 1%. And as per usual, it's not always about what the...
2022-02-2836 minThe NZ Property Market PodcastS3.E1 - Lending act changes under the microscopeSend us a question/idea/opinion direct via text message!Ngā mihi o te tau hou pakeha (Happy New Year) and welcome to the first podcast for 2022. Nick and Kelvin are back from their respective summer breaks and there's no time to waste, with the lending environment under particular scrutiny. Changes to the Credit Contracts and Consumer Finance Act (CCCFA) are hogging the headlines, but tightening of the LVR limits, bank introduction of debt-to-income limits and increasing interest rates will also be having an impact so Nick and Kelvin provide their take, off the back of...
2022-01-1833 minThe NZ Property Market PodcastS2.E53 - Final Buyer Classification, rental index and GDP for the yearSend us a question/idea/opinion direct via text message!In the last podcast for the year, Nick and Kelvin round out all the latest data releases, including the CoreLogic Buyer Classification data for November and Stats NZ's rental index, which provide the discussion points for first home buyer and property investor activity.Kelvin also gives his take on the big economic data which was out last week, in particular the expectedly weak GDP figures for Q3, which are then tempered by the more recent NZ Activity Index data for October and November....
2021-12-2031 minThe NZ Property Market PodcastS2.E52 - 2021 review and 2022 previewSend us a question/idea/opinion direct via text message!With no major data releases in the last week, Nick and Kelvin take the opportunity to do a mini-review of 2021 and look ahead to 2022. This is timed nicely with a few other CoreLogic pieces doing the same.The Best of the Best report will be public on Tuesday 14 Dec and covers a look back at how the country performed in the last 12 months at a suburb level, using a range of different measures, including median value change, median days on market and median yield.
2021-12-1334 minThe NZ Property Market PodcastS2.E51 - November HPI, listings and business confidenceSend us a question/idea/opinion direct via text message!After a quick acknowledgement of Kelvin's Birthday and the incredible achievement of Ajaz Patel for the BlackCaps Nick and Kelvin chat about the latest CoreLogic House Price Index (HPI) release which, other than the usual focus on change in property values, looking deeper into the listings situation across the country.Then, a review of the latest filled jobs data (positive) and ANZ Business Confidence results (less-positive) leads to a broader discussion on the state of the economy heading into 2022, including how businesses might fare as...
2021-12-0634 minThe NZ Property Market PodcastS2.E50 - RBNZ (yet again!)Send us a question/idea/opinion direct via text message!Yet again the Reserve Bank is front and centre with a number of releases to chew over. In the last week they released their Monetary Policy Statement (MPS), which always includes an Official Cash Rate (OCR) review as well as the October lending breakdown and they officially commenced consultation on the potential introduction of debt-to-income (DTI) caps.The OCR was increased by 0.25% - probably the cautious option, but as Kelvin discusses it's all about the forecasts and what happens next. From a DTI p...
2021-11-2935 minThe NZ Property Market PodcastS2.E48 - First home buyer strength, rents and business healthSend us a question/idea/opinion direct via text message!Off the back of the release of the CoreLogic First Home Buyer report for Q3, Nick and Kelvin discuss the factors leading to their record share and then consider how things might play out in coming quarters, given tightening credit conditions. Rising rents are inherently intertwined in the state of the first home buyer market, so we've been paying close attention to the Rental Index from Stats NZ. October figures weren't as strong as September but the annual rate of growth is still very topical.
2021-11-1533 minThe NZ Property Market PodcastS2.E47 - CoreLogic HPI and RBNZ FSRSend us a question/idea/opinion direct via text message!Nick and Kelvin firstly review the Corelogic House Price Index data for October before getting into the detail of the few RBNZ releases last week.Firstly the Governor gave a speech to the Property Council, which was released to the market, alongside a paper investigating the measures of house price sustainability. There's plenty to digest, especially when you add in the RBNZ Financial Stability Report, which was released the following day. Nick and Kelvin consider the RBNZ's take on everything from the RB's r...
2021-11-0844 minThe NZ Property Market PodcastS2.E46 - The lending environment and macroeconomic situationSend us a question/idea/opinion direct via text message!With plenty of change occurring and more coming in the lending space, Nick and Kelvin spend a bit of time talking about the Reserve Bank, regulation and BNZ's announcement to immediately apply debt-to-income restrictions themselves.Kelvin then provides his usual round-up of macroeconomic releases, including confidence survey results, labour market data and upcoming building consent figures.Lastly this week, a quick look over the ditch provides a sense of déjà vu for the lads as inflation and the OCR come squarely to th...
2021-11-0133 minThe NZ Property Market PodcastS2.E45 - More inflation and another housing announcementSend us a question/idea/opinion direct via text message!In episode 100, Nick and Kelvin briefly chat about the origin and story of the podcast before getting back to normal programming and a review of the week that was.Inflation data for Q3 was out last week, and with the annual increase hitting 4.9% yet again the implications to the OCR and mortgage interest rates are top of mind. Kelvin provides the detail, tying in the last NZ Activity Index (NZAC) measuring economic activity and the upcoming business confidence survey results.A joint housing...
2021-10-2632 minThe NZ Property Market PodcastS2.E44 - Property Vulnerability Index and rental growthSend us a question/idea/opinion direct via text message!Last Tuesday we officially launched the Property Vulnerability Index and accompanying report. Nick and Kelvin provide an overview of the analysis, how it can be used and some high level results, but all the content is open and free to check out at your own leisure. Including the webinar, report and article.Kelvin then reviews the latest rental price data, showing a significant increase which causes the team to consider if the latest tax changes are in fact being passed through to tenants (against our...
2021-10-1832 minThe NZ Property Market PodcastS2.E43 - The RBNZ lifts the OCRSend us a question/idea/opinion direct via text message!With the RBNZ lifting the OCR, from 0.25% to 0.50%, as widely expected, Kelvin and Nick spend a bit of time reviewing exactly why it has happened, especially in the international context of no other central banks expecting to lift for at least a couple of years.Then there's consideration for what it means for the NZ property market and the broader economy, with further discussion on 'what next?'The other data/releases covered are buyer classification data for September, the latest on agent...
2021-10-1134 minThe NZ Property Market PodcastS2.E42 - September House Price Index and what is a new build?Send us a question/idea/opinion direct via text message!The CoreLogic September House Price Index was released last week and aside from a further slowdown in the nationwide figure, there were some mixed results below that. Nick gives his take on what he thinks is happening before Kelvin delves into the detail about what a new build is according to the Government, as defined for the interest cost deductibility tax changes.A mostly positive round up of other data releases in the last week is then closed off with Kelvin previewing the RBNZ OCR...
2021-10-0431 minThe NZ Property Market PodcastS2.E41 - Reserve Bank confirms tighter lending restrictionsSend us a question/idea/opinion direct via text message!As they regularly do, the RBNZ keeps us busy and provide plenty of talking points when it comes to the property market. This week Nick and Kelvin reflect on the August lending figures and The Bank's confirmation of tighter lending restrictions for owner occupiers.Kelvin also notes that the interest deductibility changes come into effect this Friday (1 October) without all the details, particularly around new builds, confirmed.Meanwhile there are good signs for upcoming listings from the latest agent appraisal data. T...
2021-09-2738 minThe NZ Property Market PodcastS2.E40 - What's happening with rents?Send us a question/idea/opinion direct via text message!Rental price data is one of the most highly anticipated data releases these days with so much focus on landlords and their costs but interpretation of the data is unfortunately not straight forward. Nick and Kelvin do their best to evaluate where things are at, but all should be clearer in the next few months.The guys also review the latest REINZ sales volumes and house price index data, which leads to reference of an explainer article published on stuff over the weekend about all...
2021-09-2025 minThe NZ Property Market PodcastS2.E37 - It's different this timeSend us a question/idea/opinion direct via text message!After a busy week of media interviews, in response to the release of the Pain & Gain report, both Nick and Kelvin give their take on why "it's different this time" when considering the market prospects once we come out of lock down.Nick then covers off the latest figures tracking appraisals generated by agents (using Property Guru and RPNZ) which are a good guide for the flow of listings coming to market. The results are pretty positive when comparing to the last level 4 lockdown. If...
2021-08-3028 minThe NZ Property Market PodcastS2.E36 - Back in lockdown!Send us a question/idea/opinion direct via text message!What timing for the lockdown to occur! Just as we were awaiting the Reserve Bank Monetary Policy Statement (MPS) and subsequent lift to the Official Cash Rate (OCR), we were put into a snap lockdown, and everything changed!The OCR stayed flat with the Reserve Bank attributing the decision solely to the lockdown and all the unknowns that come with it. Nick and Kelvin discuss the decision, the future and all the other housing detail from the MPS - there was quite a lot!
2021-08-2334 minThe NZ Property Market PodcastS2.E34 - More changes, now hitting first home buyersSend us a question/idea/opinion direct via text message!It seems the property market is allergic to having a quiet week, with the biggest news in the last 7 days being the Reserve Bank's proposal to tighten the loan-to-value ratio (LVR) restrictions for owner occupiers further. This will impact first home buyers the most and Nick and Kelvin discuss the details of that, along with the latest CoreLogic House Price Index (HPI) data (LinkedIn post here).Then the labour market statistics stormed the headlines with an incredible result where the unemployment rate dropped to 4.0...
2021-08-0927 minThe NZ Property Market PodcastS2.E29 - Three months later - impact of Govt changesSend us a question/idea/opinion direct via text message!We're now three months since the 'big, bold' Government housing announcement, which included the phased removal of interest cost deductibility for investors and an extension to the Brightline test. Nick and Kelvin take the opportunity to review any impact from the announced changes. This includes listing supply, mortgage demand, rental prices, buyer activity and value growth.Kelvin also recaps May lending data as reported by the RBNZ, and there's a listener question to delve in to regarding the debt-to-income (DTI) proposals. Thanks to J...
2021-06-2831 minThe NZ Property Market PodcastS2.E27 - Buyer activity, listings and inflation 101Send us a question/idea/opinion direct via text message!In a slightly shorter pod than usual, Nick and Kelvin review the latest CoreLogic Buyer Classification data, showing investor activity further reducing in May. While the drop is likely more attributable to the return of the tightened loan-to-value (LVR) limits, the interest deductibility changes for investors also comes up, especially off the back of the 143 page discussion document released by the Government.Kelvin also takes a look at the latest data of how many properties are listed for sale, and the flow of p...
2021-06-1424 minThe NZ Property Market PodcastS2.E26 - May House Price Index and stories from the roadSend us a question/idea/opinion direct via text message!In a quieter week for data releases Nick and Kelvin share a few anecdotal stories from a week of travel alongside Bayleys and Centuria. Kelvin provides some insight into the aftermath of the Canterbury floods as well as the latest on his personal new build, plus his take on 'the vibe from the road' after speaking with investors around the country.The CoreLogic HPI was the main data release of the week though and off the back of this Nick did an interview w...
2021-06-0824 minThe NZ Property Market PodcastS2.E25 - Reviewing the RBNZ Monetary Policy StatementSend us a question/idea/opinion direct via text message!Last week the Reserve Bank released it's latest Monetary Policy Statement and it provided plenty to chew over from a property perspective so Nick and Kelvin dedicate the majority of this week's podcast to it.Kelvin also covers off recent and upcoming economic data, including filled jobs and confidence data, while Nick previews the imminent CoreLogic House Price Index release and rounds out the latest read on the early market indicators data which has now been retired.And lastly, Nick touches on the...
2021-05-3128 minThe NZ Property Market PodcastS2.E24 - Housing insight from the BudgetSend us a question/idea/opinion direct via text message!This week Nick reviews the Government Budget, including Treasury's house price forecast and other implications from announced spending initiatives (or lack of).Kelvin then gives an update on the latest RBNZ data and also what's to come - with their next Monetary Policy Statement due out this Wednesday.Kelvin also covers the latest migration data and looks ahead to consumer confidecnce and job data, while Nick reports on the latest early market indicators.Links to first home buyer report, monthly video...
2021-05-2428 minThe NZ Property Market PodcastS2.E23 - Assessing the impact of Government changesSend us a question/idea/opinion direct via text message!With a bit more data available since the Government's bold changes announced on March 23, Nick and Kelvin run the rule over it all to assess any changes in behaviour. The banks are also making adjustments to their serviceability calculations, with ANZ the first to advise a reduction in rental income able to be used in income calculations for borrowing, which according to Ed from Opes will reduce the total amount investors can borrow by up to 15%.Kelvin also provides a high level overview o...
2021-05-1726 minThe NZ Property Market PodcastS2.E22 - CoreLogic HPI and RBNZ FSRSend us a question/idea/opinion direct via text message!Off the back of the release of the CoreLogic House Price Index last week, Nick takes the opportunity to evaluate the performance of the market since the big Government announcement on March 23. The impact on property values is hard to assess, but other measures of market activity are very revealing in terms of a lack of reaction, despite commentary otherwise.(and minor correction, Nick mentions the market potentially switching to a sellers' market - he of course means a buyers' market!)Then Kelvin...
2021-05-1030 minThe NZ Property Market PodcastS2.E18 Kelvin's solo again and looking aheadSend us a question/idea/opinion direct via text message!With Nick away on leave in Southland (last time it was Northland; he loves the extremes of the country!), Kelvin takes up the reins and in lieu of much data being released over the past week, he looks ahead to upcoming releases. After running through filled jobs and both business and consumer confidence, the discussion is about the mortgage lending figures for March – they’re likely to be strong, but more interest will be around the breakdown by LVR and by interest-only vs principal repayment....
2021-04-2613 minThe NZ Property Market PodcastS2.E17 - CoreLogic Buyer Classification and the week ahead in dataSend us a question/idea/opinion direct via text message!With a heap of data being released this week, Kelvin and Nick take the opportunity to look ahead and not back. Kelvin details what to expect with the RBNZ OCR decision on Wednesday, with CoreLogic Buyer Classification data for March helping to set the scene.From an economic perspective there's also migration data to be released, as well as the NZ Activity Index, measuring economic activity. Plus Kelvin gives praise to the RBNZ banking dashboard and the data he'll be checking for when it's updated...
2021-04-1230 minThe NZ Property Market PodcastS2.E15 - CoreLogic HPI, lending data and construction sector healthSend us a question/idea/opinion direct via text message!The analysis of the potential impact of the removal of interest deductability for property investors continues with a data-focussed look into the immediate cost increase facing current owners. As Nick explains, it should be relatively limited in the short term.Part of the reason is due to the exceptional growth in the market, expecially in the last year or two. And as Nick mentions, according to the latest CoreLogic house price index results, the growth is evident across the country.Kelvin then reviews...
2021-04-0638 minThe NZ Property Market PodcastS2.E13 - Special, reaction to Government Housing AnnouncementSend us a question/idea/opinion direct via text message!In a special edition, reactionary pod, Nick and Kelvin cover off the big announcement made by the Government on Tuesday 23 March 2021. The changes announced are as follows:Remove interest deductibility for new investors immediately, and for existing owners phased to 2025 – new builds to be exemptExtend Brightline Test to 10 years – new builds exempt from the extensionRaise income and price caps for FHB assistance$3.8bn fund to help bring forward infrastructureExtension of the Apprenticeship Boost initiative by four months, to further support trades and trades training.Nick and...
2021-03-2341 minThe NZ Property Market PodcastS2.E12 - Investor activity and the likelihood of a restriction on interest only lendingSend us a question/idea/opinion direct via text message!Off the back of the latest CoreLogic Buyer Classification data, showing further strengtth in investor activity, Nick and Kelvin have a wide ranging discussion about the potential of further restrictions on their activity, especially on interest only lending. There's a lot to consider, including a look across the Tasman to what happened when they restricted these loan types, as well as a stock take of the current state of play here in NZ.All eyes and ears are therefore on the Government's announcement i...
2021-03-2230 minThe NZ Property Market PodcastS2.E10 - Investor activity, Business/Economic run-down and February sales volumesSend us a question/idea/opinion direct via text message!This week Nick and Kelvin review the latest Corelogic Buyer Classification data for February. With investor activity remaining elevated, the discussion covers the rush before the return of the loan-to-valuation ratio limits as well as the potential of restrictions on interest only loans. A look across the Tasman may offer some insight into what impact the restrictions may have.From an economic perspective, the latest business confidence surveys show promise but there are reasons to be cautious in the lead up to the release of...
2021-03-1531 minThe NZ Property Market PodcastS2.E9 - Market slowdown ahead and encouraging construction signsSend us a question/idea/opinion direct via text message!This week Nick and Kelvin review the Corelogic House Price Index release from last week. In general the results showed continued momentum in the market, however a blip in the Tauranga index raised questions on whether the expected slowdown is already upon us.Then Kelvin reviews the latest economic data releases, with a particular focus on the construction industry, followed by the regular check in on the immediate market health through the CoreLogic Early Market Indicators. And to round out the pod, the g...
2021-03-0831 minThe NZ Property Market PodcastS2.E8 - The Government advises the RBNZ to take house prices into accountSend us a question/idea/opinion direct via text message!This week Nick and Kelvin discuss the big news of last week - that the Reserve Bank must take house prices into account when setting their policy. The RBNZ also released their first Monetary Policy Statement for the year, which Kelvin reviews and considers where-to for interest rates.The CoreLogic Affordability Report was released last week, illustrating the difficulty for first home buyers to get into the market. Kelvin provides a few high level insights but data for every city and town in t...
2021-03-0128 minThe NZ Property Market PodcastS2.E7 - January sales, affordability report preview and weaker economic activitySend us a question/idea/opinion direct via text message!This week Nick and Kelvin provide their take on the latest sales data for January, showing relatively low activity outside of Auckland.A key release this week is the CoreLogic Housing Affordability Report so Kelvin provides a preview of that ahead of the official release on Wed/Thur.There's also a bit more discussion around the reintroduction of the loan-to-value ratio restrictions as coverage of it in the media increases.Then, from an economic perspective the NZ Activity Index for January...
2021-02-2229 minThe NZ Property Market PodcastS2.E6 - Impact of change in COVID alert levels and reinstatement of LVR restrictionsSend us a question/idea/opinion direct via text message!With the latest announcement of a move to alert level 3 in Auckland and 2 elsewhere, Nick and Kelvin cast their minds back to previous times this happened, using the early market indicators to help set expectations for the property market in the coming days.With a bit more time to digest the announcement by RBNZ to reinstate the loan-to-value ratio (LVR) restrictions, there's also plenty more data from 2016 to get a feel for what the market will do after 1 May 2021.Kelvin also chats about...
2021-02-1536 min
What Makes You Click with Kelvin BulluckMaren LevinsonOn this episode of What Makes You Click, Kelvin welcomes Maren Levinson, Founder and Artist Representative at Redeye Representatives. Redeye is a creative agency representing contemporary photographers, illustrators and set designers to ad agencies, design firms, magazines and businesses of any size. Maren talks about the nitty gritty of what it’s like to find representation as a photographer and to be represented by a creative agency. “A lot of photographers think that they need to impress an agent, but the best place to be to get an agent is to have agents trying to impress you. You s...
2021-02-1255 minThe NZ Property Market PodcastS2.E5 - RBNZ confirms return of LVR restrictions, Labour market stats and the CoreLogic HPISend us a question/idea/opinion direct via text message!A mid-podcast announcement from the RBNZ regarding the return of the LVR restrictions has Nick and Kelvin providing their 'live reaction'. With the proposed increase to 40% deposit requirement for investors from 1 May 2021 it aligns with most expectations and will likely lead to a slowing of property value growth from the middle of the year.Before then Kelvin makes mention of the surprisingly strong labour market figures for Q4 2020, as unemployment dropped to 4.9% (from 5.3% in Q3).There's also the Corelogic House Price Index data...
2021-02-0937 minThe NZ Property Market PodcastS2.E4 - Potential 40% LVR requirement and signs of hot market resumptionSend us a question/idea/opinion direct via text message!Off the back of the latest Quarterly CoreLogic Property Market and Economic report, Kelvin and Nick (freshly back from holiday) muse the likelihood of the LVR limits returning to a 40% deposit requirement sooner rather than later, given strong recent investor activity.Kelvin then rounds up last week's economic releases - consumer confidence and filled jobs, before the regular analysis of the CoreLogic early market indicators, which indicate a continuation of strong demand against limited supply.Check out all our regular CoreLogic research insights...
2021-02-0128 minThe NZ Property Market PodcastS2.E3 - Kelvin's flying solo, covering migration, affordability/LVRs, and QueenstownSend us a question/idea/opinion direct via text message!With Nick away on leave in Northland, Kelvin takes up the reins and outlines how the Early Market Indicators still point to a tight supply/demand balance over the next few weeks and months. Meanwhile, the latest net migration figures have remained low and slow, and perhaps a bit ‘boring’ – certainly, other factors such as low mortgage rates and FOMO are more important for the property market right now. Kelvin also discusses how CPI inflation was well-contained in Q4 2020 and that expectations for the offi...
2021-01-2417 minThe NZ Property Market PodcastEp. 56 - CoreLogic HPI, affordability and early market indicatorsSend us a question/idea/opinion direct via text message!After a short summer break Nick and Kelvin are back on deck to chat about the year ahead in the property market. The December CoreLogic House Price Index first rounds out the year though, with growth the order of the day. 6.1% growth over the final quarter of the year brings sustainability and affordability to the fore so Nick takes a look at the data to reveal what's happening from an affordability perspective.Kelvin provides a summary of economic data release both recent and u...
2021-01-1139 minThe NZ Property Market PodcastEp. 55 - 2020 review, 2021 previewSend us a question/idea/opinion direct via text message!In a bumper final episode of the year, number 55, Nick and Kelvin look back at the year that was 2020 in the property market. To kick things of this is done through the lens of the CoreLogic 'best of the best' report, released last week, before delving into a few highlights of the year.A shorter look back at the last week of data and media coverage highlights Stuff's new affordability dashboard, complete with CoreLogic first home buyer data, and Kelvin recounts the strong G...
2020-12-2145 minThe NZ Property Market PodcastEp. 54 - DTIs, investor activity and 'sustained moderation'Send us a question/idea/opinion direct via text message!In episode 54 Nick and Kelvin discuss the latest correspondence between the RBNZ and the Minister of Finance. There's plenty to cover, including debt-to-income restrictions (a week after Kelvin wrote specifically about them) and other options to extend the RBNZ's mandate.Sticking with the RBNZ, they're consulting on LVR re-introduction and the direct funding for lending programme is underway.Meanwhile the Prime Minister has essentially stated that 'sustained moderation' remains the Government's goal when it comes to house prices, as people 'expect' the value...
2020-12-1439 minThe NZ Property Market PodcastEp. 50 - RBNZ, RBNZ and RBNZ. Plus first home buyersSend us a question/idea/opinion direct via text message!In episode 50 Nick and Kelvin 'raise the microphone' to acknowledge the half century milestone and spend a decent amount of time reviewing a heck of a week for the Reserve Bank.There's also plenty of October data to chew over - including the CoreLogic Buyer Classification series, NZ Activity Index and REINZ sales data.And in a special treat for the 50th ep, Kelvin delves into the details of the CoreLogic First Home Buyers report ahead of the report going to the media!
2020-11-1640 min