The NZ Property Market Podcast
Brought to you by Cotality, formerly CoreLogic. 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
This podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.
The NZ Property Market Podcast
13% of homes sell at a loss: Q2 Pain & Gain 📉
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Property resellers are feeling the squeeze. In Q2 2026, 13% of New Zealand properties sold for a loss - a significant shift from the peak of the market where losses were practically zero. However, the data reveals a stark contrast based on one critical factor: how long you hold the property.
This week on the New Zealand Property Market Podcast, Head of Research Nick Goodall and Chief Economist Kelvin Davidson dive deep into the latest Q2 Pain & Gain report. They unpack why the median hold period for properties selling at a profit has hit a record high of 10.4 years, while those selling at a loss were typically held for just 4.3 years (purchased right at the market peak).
The guys also break down regional and property-type disparities, explaining why Auckland is seeing higher loss ratios (20.9%) compared to Wellington (18.4%), heavily driven by the apartment sector. Plus, Kelvin clarifies the latest net migration figures - unpacking the difference between New Zealand citizen departures and net new arrivals, and why this is keeping rental growth surprisingly subdued.
This week we discuss:
Q2 Pain & Gain Realities: Why 13% of properties are now selling at a loss, and how stricter credit controls prevented a GFC-style slump.
The 10-Year Golden Rule: The record-high 10.4-year median hold period for profitable sales versus the 4.3-year danger zone.
Auckland's Apartment Drag: Why flats and apartments are driving Auckland's loss ratio up to 20.9%, and the yield vs. capital growth trade-off.
The Migration Misconception: Breaking down the 17,500 net migration figure - including net 37,500 NZ citizens leaving versus net 55,000 new migrants arriving.
Rental Market Squeeze: How low household creation (people staying flatting or with parents) is holding rents down despite population growth.
Affordability Preview: A sneak peek at the upcoming housing affordability report and how dropping interest rates are shifting the dial.
🔗 Read the full Q2 Pain & Gain Report
🔗 Watch the latest Monthly Video Update
Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.com
This podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.
