Corelogic stories
Auckland City and the North Shore are weighing on the market, with average property values down 1.5% over the past year.
Borrowers could see lower mortgage rates after the Reserve Bank cut the official cash rate to 1.5% and hinted at another fall this year.
Auckland's weaker market is likely to drag on national property sales, even as CoreLogic sees New Zealand prices edging up about 3% this year.
CoreLogic says tighter lending and higher costs have left investors and first home buyers tied on 24% of purchases in early 2019.
Low mortgage rates should keep property demand supported after the Reserve Bank left the official cash rate unchanged again, though risks remain.
Strong demand and scarce listings are expected to keep Dunedin property values climbing in 2019, despite higher insulation costs for landlords.
Building consents must stay high if New Zealand is to make a dent in its housing shortfall, with the industry already running at full tilt.
Policy changes in 2019 could dampen buyer demand and reshape lending as New Zealand's housing market enters another year of low, steady volumes.
Lower December-quarter activity masked a 40% annual rise in the value of construction starts to GBP £13.1 billion, CoreLogic said.
Buyer demand in Tauranga stayed strong as all five auctioned commercial properties sold for USD $10.9 million, with out-of-town interest lifting prices.
Customers, cloud, data, engagement, backup, migration and recovery have been the stars of the show at Commvault GO in Orlando, Florida this week.
Delivering meaningful data is CoreLogic's modus operandi. It's not just about serving data anymore, it's now about serving it with action.
