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As the market moves through a distinctly different phase than the last couple of years, it's ever more important to ensure we're using the right data and statistics to evaluate what's going on.
In the last week there have been a couple of examples of why that is. The first was a stuff article headlining the drop in median sales price in Auckland of 19%.
The second was the mortgage lending data for February, from the RBNZ. As with anything, the insights derived from the data are dependent on interpretation or perspective.
So in a statistic heavy, rant filled podcast Nick and Kelvin speak about the pitfalls of and frustrations from the way some data is released and reported on.
The recently released interactive mapping the market site provides a great example of how to report on property value change in a much more consistent and robust way.
Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.com
This podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.
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