Nick Goodall

Please do get in touch with any questions or feedback.

Let us know if you are one of those video listeners keen to hear about that.

But otherwise, just want to say thanks once again.

My name is Nick.

He's Kelvin.

You've been listening to the Zealand Property Market Podcast.

Mā te wā.

Kia ora, and welcome to the New Zealand Property Market Podcast, brought to you by Cotality for the 9th of February, 2026.

I'm Head of Research, Nick Goodall, and today I'm joined as per usual by Chief Economist, Kelvin Davidson.

Kelvin, two pretty important releases last week, and we'll talk about those intriguing labour market stats shortly.

But first, we have the first month's result for the housing market out with the Cotality Home Value Index for January now published.

Yeah, no, I think that's good.

And I think, yeah, for me, it's the mixed signals of the economy, right?

Like we keep saying, as soon as the economy grows, then we're likely to see that confidence flow through to the housing market and growth in prices off the back of that.

But I think it is just, we're just seeing these mixed signals and the economy maybe is doing better, but it's not storming away.

And so then when you're talking about some of those, you know,

shorter term next couple of months type thing it's hard to go yeah but you know things things don't change that much the next couple of months then why would the property market change that much than what it did at the end of last year or in january this year which are the results we're talking about now and i think that's where that caution comes through saying

Yeah, look, if things haven't changed yet, then there's not much in the short-term horizon which is likely to change that over that period of time either.

And that's where it's like, yeah.

But if they still do eventuate, it just takes longer than we expected, then that's when it might flow through the property market.