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Kelvin Davidson

Kelvin Davidson

๐Ÿ‘ค Speaker
1066 total appearances

Appearances Over Time

Podcast Appearances

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

I wish it was the Raiders, but you know, if it can't be the Raiders, uh, you know, we'll go for the Waz as my second team.

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

So, um,

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

Yeah, no, things are good.

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

Feeling positive.

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

Sorry, nice one.

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

Yeah, it sounds like the weather's a good thing across the country.

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

Yeah, it was looking okay up until the last bit when it didn't look okay.

The NZ Property Market Podcast
Market fatigue and the stagflation shadow

But yeah, that sport.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

with that increase in the speed limit, people are showing a bit of a willingness to take up that higher LVR debt.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

Yeah, so, yeah, some kind of return to normality.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

I mean, obviously, the December numbers were just sort of off the charts in terms of craziness with all that bank switching going on or refi, as it's called in the industry.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

So, yeah, it all came back off that massive peak in January, which was as expected.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

And we've already seen that the sales volumes numbers dropped.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

tail off.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

So you'd anticipate the same thing to come through in the lending data.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

So we definitely saw that.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

About $14 billion of lending in December, as I say, driven by that bank switching, came back to about $6 billion in January, which there's going to be a seasonality thing in there as well with January always being quieter.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

So it was always likely to fall.

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

But when you compare January back to January 2025,

The NZ Property Market Podcast
The January lending reset & the record-breaking FHB

it was still up about a billion dollars or 900 million so you know not bad in its own right it just looks quite soft on a chart when you're comparing it back to that crazy december spike so um yeah it wasn't a bad month but quieter than december