The Corelogic House Price Index showed the downward trend in property values gather steam in August but after providing a bit more detail of the results, Nick also mentions the early signs of some light at the end of the tunnel.
The foundation of the NZ labour market appears to remain as solid as ever too, with Kelvin reporting filled jobs increased again in July and business confidence looks to be rising from the doldrums too.
Building consents have (finally) shown signs of tailing off, and while it's still minor, Kelvin thinks it's time to call the turning point, though with the pipeline full and the recent government announcement to support commitments in the sector, a GFC-type bust phase isn't expected.
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 email@example.com or firstname.lastname@example.org
Plus, you can sign up to receive any or all CoreLogic releases here.
Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email email@example.com or firstname.lastname@example.org
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
If you can never get enough true crime... Congratulations, you’ve found your people.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks then look no further. Josh and Chuck have you covered.