CoreLogic’s latest monthly property market and economic update

Some highlights of the report:

CoreLogic
  • 31 January, 2017
  • RESIDENTIAL
  • CoreLogic property report
  • The population continues to grow quickly, fuelled by persistent high net migration.
  • Building consents for new dwellings are still trending up, especially in Auckland, but it still takes time for these houses to be built so the shortage in housing remains.
  • Consumer confidence is up, helped by excellent employment conditions and low interest rates.
  • Nationwide values have slowed as sales volumes and market demand have dropped, in part because of the new lending restrictions imposed late last year by the Reserve Bank.
  • Auckland and Hamilton values dropped in the latest month, while Wellington slowed. Dunedin continued to rise.
  • Investor activity has eased slightly in Auckland, while first home buyers are strong in many cities, back to 2013 levels.

View the full report http://www.corelogic.co.nz/fileadmin/Jan2017/index.html?page=1

LJ Hooker NZ

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