CoreLogic report says property market game has changed; all eyes now on future market measures

CoreLogic report says property market game has changed; all eyes now o…

0 개 243 KoreaPost

5ba755fcd99cc0e61a3f1ecd6a6e8629_1619646850_9052.jpg
 

The CoreLogic Property Market & Economic Update for Q1 2021 reinforced the heated market

conditions which led to the Government’s recent housing policy announcement.


Through the first quarter of 2021 sales activity remained high despite record-low listings, property

values rose rapidly, and mortgaged investor participation surged from 27% to a record-high 29%

share of purchases.


Kelvin Davidson, Chief Property Economist for CoreLogic, says the figures in the report are a clear

“line in the sand” following the game-changing announcement by the Government in the final week

of March.


“While the figures in our report largely pre-date the most recent housing policy changes, they are a

valuable line in the sand as to where the property market was when the Government stepped in.

Now the game has changed especially for investors, so we expect to start seeing through our various market measures how these changes flow through to our buyer classification data and ultimately,


property values.” Davidson says it’s now all about what happens next. “Buyer classification figures will be of most interest to gauge the fallout from the recent changes, particularly volume of investment purchases of existing property and new builds. Speculation about rents increasing and investors racing to sell rental properties is likely unfounded.”


 


Davidson also notes the mortgage deferral scheme coming to a close, with the majority of people

now back on a form of loan repayments without undue strain. In addition, the unemployment rate

fell in the fourth quarter of 2020 and at 4.9% is less than half the level that some thought it could be

at this stage.


Mr Davidson says “These are positive indicators of the health of our economy, and of course the

Australian travel bubble and vaccination programme are also encouraging. However, the economy is

not out of the woods yet and we still face a slow recovery to get back to ‘normal’, while also having to face the reality of much higher government debt than before.


“Overall, the recent strength of the property market was always going to be unsustainable and a

slowdown likely to occur in the second half of 2021 – the Government changes just reinforce that.

We expect total property sales volumes to be lower in 2021 than they were in 2020 (and potentially

fall a bit further again in 2022 too), with property value growth slowing quite markedly too – but not

turning negative. Our expectation that price falls won’t be seen reflects underlying shortages of

property around the country, although the incentives for investors to target new-builds should give

developers the confidence to keep their output high.”


For more information or to read the full CoreLogic Property Market and Economic Update, visit

www.corelogic.co.nz/reports.


ENDS


Source: CoreLogic media

1 new case of COVID-19 in managed isolation

댓글 0 | 조회 244 | 21시간전
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in recent returnees in managed isol… 더보기

Celebrating the revamped Karangahape Road

댓글 0 | 조회 134 | 22시간전
Minister for Transport Hon. Michael Wood and Auckland Mayor Phil Goff joined mana whenua to celebrate the completion of the Karangahape Road Enhanceme… 더보기

4 new cases of COVID-19 in managed isolation;…

댓글 0 | 조회 134 | 2일전
There are no new cases of COVID-19 to report in the community in New Zealand today.There are four new cases to report in recent returnees in managed i… 더보기

Micro Tunnel Boring Machine begins tunnelling…

댓글 0 | 조회 120 | 3일전
A micro–Tunnel Boring Machine (mTBM) called ‘Domenica’ has started digging and laying the first pipe for Watercare’s Central Interceptor wastewater tu… 더보기

five new cases of COVID-19 in managed isolati…

댓글 0 | 조회 141 | 4일전
There are no new cases of COVID-19 to report in the community in New Zealand today. There are five new cases to report in recent returnees in managed … 더보기

Fresh ideas to cut back food waste awarded ne…

댓글 0 | 조회 154 | 4일전
From soup discos to getting into a pickle - Auckland Council’s Love Food Hate Waste Fund has given nearly $40,000 to a range of projects aimed at cutt… 더보기

1 new case of COVID-19 in managed isolation; …

댓글 0 | 조회 135 | 5일전
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in recent returnees in managed isol… 더보기

Historical pipes preserved by park upgrade

댓글 0 | 조회 90 | 6일전
Surprise find from North Shore's pastIron pipes that helped supply the North Shore with water more than 100 years ago have been rediscovered during wo… 더보기

2 new cases of COVID-19 in managed isolation,…

댓글 0 | 조회 211 | 6일전
There are no new cases of COVID-19 to report in the community in New Zealand today.There are two new cases to report in recent returnees in managed is… 더보기

From banners to bags

댓글 0 | 조회 180 | 6일전
'Waste not, want not' is Papakura mottoIt’s all very well to decorate your town with flags celebrating seasonal events but what do you do when the eve… 더보기

10 new cases of COVID-19 in managed isolation…

댓글 0 | 조회 433 | 7일전
There are no new cases of COVID-19 to report in the community in New Zealand today.There are 10 new cases to report in recent returnees in managed iso… 더보기

Aucklanders asked to have their say on plans …

댓글 0 | 조회 153 | 7일전
From today, Auckland Council is inviting Aucklanders to let us know their thoughts on proposed changes to the Animal Management Bylaw 2015, which will… 더보기

1 new case of COVID-19 in managed isolation

댓글 0 | 조회 267 | 2021.06.04
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in recent returnees in managed isol… 더보기

Greens welcome Auckland walking and cycling b…

댓글 0 | 조회 251 | 2021.06.04
The Green Party is welcoming the Government’s renewed commitment to safe walking and cycling across the Waitemata Harbour, but warning that new highwa… 더보기

1 new case; 1 historical case of COVID-19 in …

댓글 0 | 조회 125 | 2021.06.03
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case and one historical case to report in recent r… 더보기

Update on arrivals from Melbourne

댓글 0 | 조회 83 | 2021.06.03
The Ministry of Health has completed a data reconciliation signalled yesterday and is this morning providing an update on testing of arrivals from Mel… 더보기

Explainer: Kennedy Point marina consent - Sup…

댓글 0 | 조회 117 | 2021.06.02
Update of Court proceedingsIt is important to acknowledge there are live proceedings before the High Court relating to the development.Auckland Counci… 더보기

6 new cases of COVID-19 in managed isolation

댓글 0 | 조회 229 | 2021.06.02
There are no new cases of COVID-19 to report in the community in New Zealand today.There are six new cases to report in recent returnees in managed is… 더보기

Explainer: Kennedy Point marina consent - Sup…

댓글 0 | 조회 145 | 2021.06.01
Update of Court proceedingsIt is important to acknowledge there are live proceedings before the High Court relating to the development.Auckland Counci… 더보기

no new cases of COVID-19 in managed isolation

댓글 0 | 조회 53 | 2021.06.01
There are no new cases of COVID-19 to report in the community in New Zealand today.There are also no new cases to report in recent returnees in manage… 더보기

Changes to Pukekohe Streets for People Trial

댓글 0 | 조회 173 | 2021.06.01
King Street in Pukekohe will be reinstated as a two-way street after public feedback on a temporary one-way trial has shown that it wasn’t working for… 더보기

one new case of COVID-19 in managed isolation…

댓글 0 | 조회 84 | 2021.05.31
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in recent returnees in managed isol… 더보기

Aotea community groups awarded more than $200…

댓글 0 | 조회 71 | 2021.05.31
Community organisations on Aotea / Great Barrier Island have been supported with more than $200,000 in grant funding by Aotea / Great Barrier Local Bo… 더보기

2 new cases of COVID-19 in managed isolation;…

댓글 0 | 조회 202 | 2021.05.30
There are no new cases of COVID-19 to report in the community in New Zealand today.There are two new cases to report in recent returnees in managed is… 더보기

Eke Panuku raises the sustainability bar for …

댓글 0 | 조회 80 | 2021.05.30
A decision by Eke Panuku to require new commercial buildings to meet 5 Star Green Star ratings will help to achieve sustainable development across Tām… 더보기

no new cases of COVID-19 in managed isolation…

댓글 0 | 조회 179 | 2021.05.28
There are no new cases of COVID-19 to report in the community in New Zealand today.There are no new cases to report in recent returnees in managed iso… 더보기

CRL station taking shape below Auckland stree…

댓글 0 | 조회 213 | 2021.05.28
Construction of New Zealand’s deepest railway station is celebrating a significant milestone with the project pouring the last concrete to complete th… 더보기

one new case of COVID-19 in managed isolation

댓글 0 | 조회 167 | 2021.05.27
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in recent returnees in managed isol… 더보기

Auckland Museum transformation wins NZ Instit…

댓글 0 | 조회 185 | 2021.05.27
The redevelopment of Auckland Museum’s South Atrium, Te Ao Mārama, has been recognised by the New Zealand Institute of Architects (NZIA) at their annu… 더보기

2 new cases of COVID-19 in managed isolation

댓글 0 | 조회 109 | 2021.05.26
There are no new cases of COVID-19 to report in the community in New Zealand today.There are two new cases to report in recent returnees in managed is… 더보기

Four COVID-19 cases in Melbourne – restrictio…

댓글 0 | 조회 173 | 2021.05.25
The Ministry of Health is actively monitoring the situation in Melbourne and remains in close contact with Australian health agencies.Confirmation of … 더보기

11 June – make a date with Karangahape Road a…

댓글 0 | 조회 189 | 2021.05.24
Vibrant urban street and efficient transit hub come together in AT transformationPrepare to be spell-bound when you see Karangahape Road's historic ri… 더보기

4 new cases of COVID-19 in managed isolation

댓글 0 | 조회 176 | 2021.05.24
There are no new cases of COVID-19 to report in the community in New Zealand today.There are four new cases to report in recent returnees in managed i… 더보기

Social insurance will protect all workers, pa…

댓글 0 | 조회 89 | 2021.05.24
The Public Service Association strongly supports government plans to develop a social insurance scheme, which will protect all workers but particularl… 더보기

Henderson-Massey reveals action plan to fight…

댓글 0 | 조회 527 | 2021.05.21
A plan of action that identifies opportunities to reduce greenhouse gas emissions and increase resilience to climate change in the Henderson-Massey Lo… 더보기

3 new cases of COVID-19 in managed isolation

댓글 0 | 조회 313 | 2021.05.21
There are no new cases of COVID-19 to report in the community in New Zealand today.There are three new cases to report in recent returnees in managed … 더보기

Seeded mussel lines filter seawater from bene…

댓글 0 | 조회 212 | 2021.05.21
Innovative design partnership with Mana whenua shapes downtown AucklandToday (20 May), divers attached the first of 38 seeded mussel lines to the unde… 더보기

No new community cases; 1 new case of COVID-1…

댓글 0 | 조회 225 | 2021.05.20
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in recent returnees in managed isol… 더보기

Hundreds turn up for the Te Puhinui Big Clean…

댓글 0 | 조회 167 | 2021.05.20
Local whanau, community groups and businesses came out in force to participate in the ‘Te Puhinui Clean Up Day’ earlier this month.An army of reflecto… 더보기

No new community cases; 6 new cases of COVID-…

댓글 0 | 조회 440 | 2021.05.19
There are no new cases of COVID-19 to report in the community in New Zealand today. There are six new cases to report in recent returnees in managed i… 더보기

No new community cases; 1 new case of COVID-1…

댓글 0 | 조회 178 | 2021.05.18
There are no new cases of COVID-19 to report in the community in New Zealand today.Thereis onenew case toreport inarecent returnee inamanaged isolatio… 더보기

Billions more for environment and climate in …

댓글 0 | 조회 92 | 2021.05.18
Billions more will be invested in vital environmental and water infrastructure, transport, and parks and community facilities under Auckland Mayor Phi… 더보기

No new community cases; 5 new cases of COVID-…

댓글 0 | 조회 206 | 2021.05.17
There are no new cases of COVID-19 to report in the community in New Zealand today.There are five new cases to report in recent returnees in managed i… 더보기

Downtown shines as a uniquely Tāmaki Makaurau…

댓글 0 | 조회 151 | 2021.05.15
Together Auckland Council, Auckland Transport and Mana whenua have reimagined waterfrontTāmaki, the gathering place of waka, the gathering place of pe… 더보기

1 new case of COVID-19 in managed isolation

댓글 0 | 조회 606 | 2021.05.13
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in a recent returnee in our managed… 더보기

Expansive new recreation space for Kaipātiki …

댓글 0 | 조회 320 | 2021.05.13
The restoration of Kaipātiki Reserve (formerly Parakai Recreation Reserve) is taking another step forward with plans to create an expansive new play s… 더보기

No new community cases; 1 new case of COVID-1…

댓글 0 | 조회 148 | 2021.05.12
There are no new cases of COVID-19 to report in the community in New Zealand today.There is one new case to report in a recent returnee in our managed… 더보기

Service improvements help with rising consent…

댓글 0 | 조회 143 | 2021.05.12
With building consent numbers at an all-time high, Auckland Council is looking to new online tools and services to help manage increases in service de… 더보기

No change recommended to Quarantine Free Trav…

댓글 0 | 조회 195 | 2021.05.12
The Ministry of Health’s current assessment is that the public health risk to New Zealand from the Melbourne community case announced today is low.On … 더보기

No new community cases; no new cases of COVID…

댓글 0 | 조회 152 | 2021.05.11
There are no new cases of COVID-19 to report in the community in New Zealand today.There are also no new cases to report in recent returnees in our ma… 더보기