Send us a question/idea/opinion direct via text message!

In this quick podcast Nick and Kelvin give their reaction to the just-released CPI inflation data for Q3.

Headline inflation is now within the target band of 1-3% but there's plenty of detail and nuance to discuss, including the breakdown of tradeable to non-tradeable and the upside and downside risks of what's to come.

Perhaps most importantly, what could it mean for the next OCR decision on November 27? Is a 75 basis point cut on the cards?

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Send us a question/idea/opinion direct via text message!

This week, Nick chats to Logan Reardon from Loan Market Auckland.

Logan has experienced a meteoric rise in the lending world as he's become an elite advisor in little more than 5 years in the industry. Logan has amassed a dedicated team in a very short time period - all tasked with getting the best result for their clients.

Logan isn't afraid to touch on difficult discussion points either, such as the conversation with those unfortunate first home buyers who bought at the peak, or someone engaging an off-the-plan built that's decreased in value through the build.

Nick and Logan delve into all that, and more, including the market reaction to the latest OCR cut, how different property types affect buyer power and expectation, the impact of the 'market chain' and how multi-banking is so important for investors.

Logan can be contacted on logan.reardon@loanmarket.co.nz.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Send us a question/idea/opinion direct via text message!

Befitting it's importance the RBNZ MPR and OCR review leads the podcast once again. With a few more days to digest the decision the conversation turns to the potential impact to the property market and what the next decision might be - is a further 0.75% really on the cards?

Of course it's all down to inflation, which puts this Wednesday's CPI data for Q3 firmly in the spotlight. A drop from previous 3.3% is almost guaranteed but where will the annual rate land in comparison to the RBNZ's forecast of 2.3%?

Meanwhile there's plenty other data releases to digest, from CoreLogic Buyer Classification data for September through to Stats NZ rental price information.

Check out Kelvin's article on the latest lending stats too.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Send us a question/idea/opinion direct via text message!

The Reserve Bank has followed through on what ‘the markets’ and bank economists were expecting, with a 0.50% OCR cut today.

Inflation is considered to already be back in the target range (official data due Tuesday 16th) and the economy is weak, with the RBNZ noting we have ample spare capacity in NZ.

Check out today’s reactionary pod for Nick and Kelvin’s take on the decision.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Send us a question/idea/opinion direct via text message!

This week it's a special edition guest PLUS Monday data round up.

Along with Kelvin, Nick welcomes Richard Vaughan, Regional Director at Opteon Solutions to the pod.

As Nick is fresh off a family holiday in Rotorua, he offloads to Kelvin and Richard to fill him in on a busy week for the property market, including:

• The Corelogic Home Value Index results for August.
• Stats NZ Census data, including home ownership figures
• Government announcement to underwrite new developments
• RBNZ data on loan terms chose in August
• Economic data on business confidence and filled jobs.

That's all before a detail preview of the Reserve Bank Monetary Policy Review, and OCR decision coming up on Wednesday (reactionary pod pending Kelvin's Jury Duty and Nick's Sydney trip).

Of course, there's still room for a bit of sports chat at the end, including Richard's pride in his Olympic gold medal winning niece Tara Vaughan (K4 500), and the NRL Grand Final.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Send us a question/idea/opinion direct via text message!

It’s a busy period at the moment for work travel and holidays, so this week’s episode is appearing a few days early – and we kick things off by looking at NZ’s $1m+ property markets, some of which are no surprise (e.g Auckland, Queenstown), but also some which aren’t quite as obvious.

Meanwhile, the recent economic data – such as the NZ Activity Index – hasn’t done anything to change the strong odds that the OCR is cut again on 9th October, which will keep the downwards pressure on mortgage rates. The effects of that are already showing through in mortgage lending activity, which is rising, with low-deposit activity also picking up.

Looking ahead, we’re awaiting filled jobs data, business confidence, dwelling consents, and figures on the loan terms being chosen by new borrowers – short fixes have been popular lately, so it’ll be interesting to see how August’s figures shape up.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Send us a question/idea/opinion direct via text message!

With Kelvin away on holiday Nick calls up Mark Harris from New Zealand Sotheby's International Realty hear what's going on the premium property market, including the always-of-interest Queenstown Lakes district.

Mark also speaks about the impact of the foreign buyer ban and the potential for it to be loosened in order to increase foreign investment into the NZ economy.

Mark then delves into other policy changes - shortening of the Brightline test, reintroduction of interest deductibility, loosening of LVRs and introduction of DTIs. It's all covered in a wide-ranging chat which also includes a roundup of last week's data releases - importantly the GDP result for Q2, and what it could mean for the RBNZ's next OCR call on October 9.

And make sure you download the latest monthly chart pack to keep at your side for future reference.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Send us a question/idea/opinion direct via text message!

Following the latest update to the CoreLogic Mapping the Market tool, visualising values and value change by suburb, Nick and Kelvin discuss some of the results as well as the awesome level of info freely available to anyone who's interested. The results illustrate the recent weakness of the property market, but also the importance of keeping a long term view as the better-looking 12 month view shows.

Then from an economic perspective there's plenty to sink your teeth into (or should it be to swallow your ears?) with both net migration and rental prices continuing to slow.

The rental price data was also part of the broader price indices tracking from Stats NZ and on that note things continue to look good that inflation will be back below the 3% annual rate by the end of the quarter.

Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz