Send us a question/idea/opinion direct via text message!The latest suburb-level data confirms that the housing market's gentle downward drift is highly widespread, with approximately 79% of house suburbs and 74% of townhouse suburbs recording value drops over the three months to September.This week on the New Zealand Property Market Podcast, Head of Research Nick Goodall and Chief Economist Kelvin Davidson discuss Cotality’s newly released Mapping the Market interactive data. They outline the sharp geographical splits - where Auckland and Wellington suburbs sit firmly at the bottom of the pile, while farming-backed hubs in Canterbury, Southland, and Otago continue to show structural resilience.The team also looks ahead to Thursday's highly anticipated Q2 GDP release. With the Performance of Manufacturing Index (PMI) marking its 14th consecutive month above neutral expansion and the services sector (PSI) edging back into growth at 51.2, the guys discuss whether a surprisingly resilient economy gives the RBNZ a green light to hike the OCR again sooner rather than later.This week we discuss:Mapping the Market Suburb Release: Why nearly 80% of suburbs saw declines, and how to use the interactive map to compare townhouses versus standalone homes.The Regional Agrarian Shield: Why farming economies are keeping southern suburbs buoyant while services-heavy Auckland and Wellington softenEconomic Green Shoots: Analyzing the 14th consecutive month of PMI expansion (+50.0) and the PSI’s return to positive territory at 51.2.Q2 GDP Preview: Why major bank forecasts of a +0.1% to +0.3% lift show the economy is weathering geopolitical headwinds better than expected.OCR October vs. December: Will a resilient GDP track encourage the RBNZ to implement a pre-election rate hike on October 28?🔗 Explore the interactive Mapping the Market map: https://www.cotality.com/nz/press-releases/regional-affordability-shines-in-flat-nz-housing-market Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected] 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.

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