Search Results for: Kelvin Davidson
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INDUSTRY NEWS
Housing affordability in New Zealand reaches a six-year high
Housing affordability across New Zealand has improved to its most favourable level since 2019, easing financial pressure on households despite remaining challenges in the rental market.
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INDUSTRY NEWS
NZ: OCR cuts not over yet
New Zealand’s central bank has cut the Official Cash Rate (OCR) by 0.25 percentage points, and further reductions may be on the way as the economy struggles with weak growth and rising unemployment, according to Cotality NZ Chief Property Economist Kelvin Davidson.
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INDUSTRY NEWS
New Zealand property resale profits hit a decade low
Property owners in New Zealand are experiencing the lowest rate of resale profits in more than a decade as subdued values and high inventory levels continue to favour buyers in the current market.
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INDUSTRY NEWS
New Zealand property values flat as market uncertainty persists
National property values in New Zealand edged down by 0.2% in July, with the housing market showing little momentum amid ongoing economic headwinds, according to Cotality NZ’s latest Home Value Index.
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INDUSTRY NEWS
Mortgage refinancing hits record high in NZ
Refinancing activity hit record highs in June, with more than 3,500 mortgage holders switching banks and nearly $2.5 billion in lending reshuffled, according to new analysis from Cotality NZ.
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INDUSTRY NEWS
NZ property sales strengthen while high listings keep prices in check
Property sales activity in New Zealand has continued to strengthen, with volumes holding above average levels for the third consecutive month.
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INDUSTRY NEWS
Construction costs rise modestly in New Zealand
New Zealand's residential construction costs have increased slightly, with the latest Cordell Construction Cost Index (CCCI) showing a 0.6 per cent rise in the June 2025 quarter, up from 0.3 per cent in the previous quarter.
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INDUSTRY NEWS
New Zealand property market shows signs of recovery as sales activity strengthens
New Zealand's property market is showing clear signs of recovery with sales volumes exceeding average levels for the third consecutive month, despite high listing numbers keeping price growth in check.
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INDUSTRY NEWS
New Zealand property market remains sluggish
Property values across New Zealand edged down slightly in May, with mixed results across the country.
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INDUSTRY NEWS
RBNZ cuts rates again
The Reserve Bank of New Zealand has cut the Official Cash Rate (OCR) by 25 basis points to 3.25 per cent, marking its sixth consecutive reduction in the current cycle.
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INDUSTRY NEWS
Nine in ten Kiwi property owners still making a profit, despite market challenges
Despite a softening property market, the vast majority of New Zealand property sellers are still walking away with solid gains, according to the latest Pain and Gain report from Cotality.
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INDUSTRY NEWS
Rate wars could see borrowers opt for longer fixed terms
New Zealand borrowers may soon shift away from short-term fixed mortgages as banks engage in "rate wars" offering lower 2-3 year fixed rates.
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INDUSTRY NEWS
New Zealand property values show signs of recovery
Property values in New Zealand have returned to growth, signaling the end of 2024's mini downturn and suggesting modest growth ahead for 2025.
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INDUSTRY NEWS
Property slowdown gives NZ buyers the upper hand
New Zealand's property market continues to experience a slowdown, with national property values falling nearly 18 per cent from their post-COVID peak, creating great conditions for buyers.
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INDUSTRY NEWS
Blue chip New Zealand property outperforms
New Zealand’s high-end properties and certain regional areas are showing strength and outpacing much of the broader market, according to new data.
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INDUSTRY NEWS
Singles can’t afford to rent in New Zealand
Singles in New Zealand are not living the ‘Carrie Bradshaw’ life, with new analysis showing that no region in New Zealand meets the affordability threshold for single renters.
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INDUSTRY NEWS
NZ construction costs inch up amid industry slowdown
Construction costs in New Zealand have shown a slight increase in the September quarter, despite an ongoing slowdown in the building industry.
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INDUSTRY NEWS
RNBZ rate cuts to boost confidence
The Reserve Bank of New Zealand’s latest rate cut is set to boost market confidence and there is likely more easing on the way.
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Real Estate News
Mixed Fortunes for Australia and New Zealand Property Markets as Suburb Values Weaken
Recent data from CoreLogic and insights from property experts reveal a mixed picture for both the Australian and New Zealand property markets, with significant variations in value trends across suburbs.
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INDUSTRY NEWS
Townhouses drive New Zealand’s housing market transformation
New Zealand's housing landscape has undergone a significant shift, with townhouses emerging as a key driver of growth, according to CoreLogic.
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INDUSTRY NEWS
Housing affordability remains challenging in New Zealand
Housing affordability in New Zealand continues to be strained despite weaker property prices and rising incomes.
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Real Estate News
New Zealand property profits plunge to lowest since 2015
The proportion of properties selling for a profit in New Zealand has hit its lowest level since 2015.
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Real Estate News
Townhouses surge: Transforming NZ’s housing landscape
Townhouses have become a significant growth component for the New Zealand housing market, making up almost half of new dwelling consents across the country.
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Real Estate News
10 things to know about the NZ property market right now
Regulatory change is a huge theme for housing at present, so in this environment CoreLogic's Chief Property Economist, Kelvin Davidson, draws on some anecdotal insights gathered from market participants 'on the ground'.
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Real Estate News
NZ mortgage rates rise, first home grants scrapped
Given the scrapping of first home grants (deposit assistance) and the strong indication from the latest Monetary Policy Statement that mortgage rates are set to be "higher for longer", there’s bound to be a continued focus on the general property lending environment and, in particular, how easy or hard it is to access lower deposit finance.
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INDUSTRY NEWS
New Zealand resellers still seeing red
Prices are still favouring buyers in New Zealand, with new data showing that increasing numbers of resellers have been taking losses on their properties.
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INDUSTRY NEWS
NZ FHB’s making the most of lower prices
New Zealand first-home buyers have capitalised on lower property prices and other incentives, making up more than one-quarter of property purchases.
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Real Estate News
Slow start for New Zealand property prices in 2024
The average value of a property in New Zealand had risen to $934,806 following a 0.5 per cent increase in the CoreLogic House Price Index in March.
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INDUSTRY NEWS
Numbers ‘not adding up’ for New Zealand investors
Despite rising rents in New Zealand, investor yields are still lagging behind mortgage repayments, forcing ‘Mum and Dad investors’ to reach into their own pockets to make up the shortfall.
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INDUSTRY NEWS
New Zealand sales volumes near 40-year lows
High interest rates continue to weigh on New Zealand's housing market, with monthly sales volumes seeing the second-slowest January in 40 years.
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INDUSTRY NEWS
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
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INDUSTRY NEWS
New Zealand profitable resales rise as markets recover
The recovery in New Zealand's housing market has led to profitable resales rising for the first time in two years.
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INDUSTRY NEWS
New Zealand property prices continue their recovery in January
Home prices across New Zealand have continued to rebound, with values up 0.4 per cent in January according to CoreLogic NZ.
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INDUSTRY NEWS
First-home buyers make a record share of property purchases
First-home buyer (FHB) activity has jumped in New Zealand, with new data showing the cohort now make 27 per cent of home purchases.
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INDUSTRY NEWS
New Zealand property prices rise for the third straight month
The rebound in home prices across New Zealand has continued, with prices rising 1 per cent in December according to CoreLogic NZ.
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