What timing for the lockdown to occur! Just as we were awaiting the Reserve Bank Monetary Policy Statement (MPS) and subsequent lift to the Official Cash Rate (OCR), we were put into a snap lockdown, and everything changed!
The OCR stayed flat with the Reserve Bank attributing the decision solely to the lockdown and all the unknowns that come with it. Nick and Kelvin discuss the decision, the future and all the other housing detail from the MPS - there was quite a lot!
Nick also brings back the early market indicator data in the form of the pre-listing measure of appraisals generated by agents to review the immediate impact of going to alert level 4 last Tuesday night.
Kelvin also provides his take on the latest NZ Activity Index, and there's mention of the upcoming Pain & Gain report, plus the monthly video is now live.
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 nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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