Brought to you by CoreLogic and produced by Agents TV. Each week co-hosts Nick Goodall and Kelvin Davidson will bring you all the latest news, stats and insight...
Send us a question/idea/opinion direct via text message!In this episode of the New Zealand Property Market podcast, Nick Goodall interviews Mike Bloy, a mortgage advisor from Loan Market. They discuss Mike's journey into mortgage advising, the daily responsibilities of a broker, the importance of building relationships with lenders, and the challenges faced in the current market. Mike shares insights on navigating the second tier and non-bank lenders, as well as strategies for overcoming obstacles in providing excellent service to clients. In this conversation, Mike and Nick discuss the intricacies of navigating the real estate market, focusing on strategies for home buyers, the importance of building trust and setting expectations, and insights into current market dynamics and interest rates. They explore the changing behaviours of borrowers, particularly first-time buyers, and the emotional aspects of property purchasing. The discussion culminates in predictions for the future of the market and the role of brokers in guiding clients through the process.Contact Mike https://adviser.loanmarket.co.nz/mike-bloy Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected]
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51:07
The impact of monetary policy loosening
Send us a question/idea/opinion direct via text message!In this episode of the New Zealand Property Market Podcast, Nick Goodall and chief economist Kelvin Davidson discuss the latest trends in the property market, including insights from the Pain and Gain report, current sales volumes, and the impact of economic indicators on consumer spending and the rental market. They also explore the cautious borrowing behavior of consumers in light of recent interest rate changes and provide forecasts for the upcoming economic landscape.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected]
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33:50
Trump wins - potential NZ property market impact
Send us a question/idea/opinion direct via text message!After a quick run through the release of the CoreLogic First Home Buyer Report for Q3, Nick and Kelvin ponder the potential impact of the US election result and Donald Trump's return to the Whitehouse.Then, there's the relatively inconsequential (to RBNZ's liking) Financial Stability Report to digest as well as the important official Labour Market statistics for Q3, which were better than expected on the surface but a bit of devil in the detail to be mindful of. There were also some very interesting changes in the terms being chosen by mortgage holders in September to analyse. Plus, how about those All Blacks?!Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected]
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37:16
Let's get down to business
Send us a question/idea/opinion direct via text message!After running through the highlights of the latest CoreLogic Home Value Index results for October, Nick and Kelvin delve into all the relevant data, assessing the state of our economy and business sector.There's filled jobs data, highlighting the weakness across the labour market, detailed by @MusicalChairs14 on a twitter thread and discussed by the guys. Kelvin also took the time to delve into the latest release from the Xero Small Business Insights showing ongoing declines in sales and increases in firms downsizing their workforce.Things don't look great from a business perspective, however there's reason for optimism when analysing the ANZ business confidence survey, in particular expectations of future activity and inflation.A lot to take on board, and that's without considering the detail within each of the above releases when it comes to the construction industry, alongside signs building consents may be at or approaching a respectable trough.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected]
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44:58
Investor focus
Send us a question/idea/opinion direct via text message!Coming to you prior to the long Labour Weekend, Nick and Kelvin review all the property and lending data from the week.Starting with a focus on property investors, following the release of the CoreLogic Monthly Chart Pack where Kelvin highlighted the upwards trend in sales to multiple property owners, as well as the RBNZ lending data showing investors taking on a greater share of lending above 65% LVR.The other (unexpected) meaty piece of content to get stuck into was the Reserve Bank Governor's speech in the US, which Nick reviews and picks out a few quotes to help guide expectations for the next OCR review (and MPS) on November 27. Is a 75 basis point cut really a possibility?The rest of the round up includes other insights from the chart pack (first home buyers) and lending data (interest only lending), the NZ Activity Index for September, rounding out Q3 in anticipation of official GDP data (in about 6 weeks!) and a surprise hit to consumer confidence.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected]
Brought to you by CoreLogic and produced by Agents TV. Each week co-hosts Nick Goodall and Kelvin Davidson will bring you all the latest news, stats and insight to keep you up to date with everything to do with the NZ residential property market. Including sales volumes, house price indices, buyer activity, interest rates, loan-to-value ratio restrictions and all of the macro economic factors that influence our largest asset class. Contact us on twitter @NickGoodall_CL or @KDavidson_CL
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