Market Trends is a new resource aimed at property stakeholders, including lenders, real estate professionals, mortgage advisors, developers, valuers, investors, journalists and policymakers with a multitude of relevant metrics to help them make more informed decisions about the housing market.
Providing a variety of perspectives and search filters, Market Trends enables users to customize their data view according to their requirements at a suburb, postcode, territorial authority, regional, and national level*.
The research tool offers users the flexibility to explore and compare, at the selected geographical level, aggregated data regarding property types, based on several attributes such as number of bedrooms, lot size, floor space and different geographical areas.
Users can also filter data by property type, and extract information on the proportion of owner-occupiers compared to rental ratios, total number of properties, number of listings, change in listing volume, median days on market, median sales price, and average hold period.
Filtering the data by bedroom count shows 43% of Auckland’s houses had three bedrooms in March 2023, compared to Gisborne, which has the highest proportion of three-bedroom houses of all regions at 57%.
For the same period, an analysis of residential land sizes across NZ’s main regions shows Northland has the largest median vacant block size at 911sqm while Auckland has the most spacious houses with a median floor size of 135sqm.
Market Trends also offers insights into the rental market, including the median rental asking price, change in rents over time, and estimated gross rental yield.
With more than 80 aggregated property metrics, CoreLogic NZ Head of Research Nick Goodall said Market Trends presents an extensive and inclusive use of New Zealand property data available.
"We're excited to launch Market Trends in New Zealand, which provides valuable insights into the New Zealand property market and is a reflection of the sophisticated data we use for research internally on a regular basis," Mr Goodall said.
"We believe our product’s flexibility and diverse use cases enable customers to gain a comprehensive understanding of the market to make the best property decisions."
Mr Goodall said CoreLogic’s data provides the means to analyse trends and patterns in the property market, including changes in property values over time, fluctuations in demand for certain types of properties in different areas, and the impact of economic and demographic factors on the market.
“It’s an incredibly powerful resource that can help business decision makers and property professionals identify areas of potential growth or opportunities in the market and shifts in demographics,” he said.
“Having a comprehensive understanding of a country's residential property landscape is an invaluable asset for real estate agents and property managers, lenders, developers, government bodies, councils and investors. It’s about providing businesses with the tools to accurately assess broader economic and social trends from a national perspective right down to a granular suburb level.”
Market Trends is now available, learn more at corelogic.co.nz/our-data/market-trends
* All four granular geographic levels are accessible through Market Trends’ National and Regional plans. The major city plans only offers postcode and suburb views.
Source: CoreLogic NZ