Plenty of data plus the RMA

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While Nick and Kelvin keenly await the next RBNZ Monetary Policy Review, being released on Wednesday, they first take the time to look back a week full of releases.

CoreLogic's Pain & Gain report for Q3, showing the proportion of owners selling at a loss has increased, but is still no where near the levels of previous downturn. 

REINZ latest release included what is likely a false dawn, as their HPI showed a minor increase in October, but sales volumes remain very weak.

The CoreLogic Buyer Classifcation data for October illustrated the continued struggles of mortgaged multiple property owners amidst first home buyers still out and about, with the RBNZ DTI data showing one reason why.

And Kelvin's round up of macro-economic data showed some encouraging signs in both the net migration figures and latest NZ Activity Index (measure of economic activity). Speaking of which, the Massey 'liveGDP' tracker is one to keep an eye on.

Plus, there's also a bit of chat about the recently announced changes to the RMA - likely to have an impact on the property market, but only in the long term.

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