Nick Goodall

I'm really keen to hear about that.

My details are all from the notes of the podcast player listening through right now, and I'm sure I can get any feedback to the guys as well if you've got anything specific for them.

So please do get in touch.

Thank you once again.

Just need to say thanks again.

My name is Nick.

They are Diego, James and Tom.

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 Cotaldi for the 26th of January, 2026.

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

Kelvin, we'll give a final wrap for 2025.

off the back of our chart pack release last week.

But first, I want to go deep on the inflation data for Q4, which came out on Friday last week.

So do you want to kick us off with that, mate?

Obviously, we got that 3.1% figure for inflation over the year, higher than Reserve Bank's forecast.

um or much higher than the reserve banks forecast but higher than even the broader market expectations so yeah what does it mean let's get into some of the detail of tradable non-tradable i want to pick apart some of the other terminology that the economists use out there and yeah inflation day let's go yeah okay i've had to educate educate myself a little bit on some of this too because uh you know i might have learned it at one point and then forgotten it as the years have gone by but

Yeah.

And I guess, you know, everyone's question is then going to be, so what does it mean about the OCR?

And I think we'll get to that shortly.