Lower mortgage rates and income growth have helped improve housing affordability. 

Cotality NZ’s new report finds the national value-to-income ratio reached its lowest point since mid-2019 in the June quarter, at 7.5%.  

National property values also remain almost 17% below their post-covid peak. 

Cotality Chief Property Economist Kelvin Davidson told Mike Hosking mortgage serviceability has seen a significant change, compared to its 2022 high of 57%. 

He says it now takes around 44% of the median household income, so it's getting close to normal. 

LISTEN ABOVE 

Lower mortgage rates and income growth have helped improve housing affordability.&nbsp;
Cotality NZ’s new report finds the national value-to-income ratio reached its lowest point since mid-2019 in the June quarter, at 7.5%. &nbsp;
National property values also remain almost 17% below their post-covid peak.&nbsp;
Cotality Chief Property Economist Kelvin Davidson told Mike Hosking mortgage serviceability has seen a significant change, compared to its 2022 high of 57%.&nbsp;
He says it now takes around 44% of the median household income, so it's getting close to normal.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Kelvin Davidson: Cotality Chief Property Economist on the housing value-to-income ratio reaching its lowest since mid-2019

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5c2d939a-20b8-48bb-ad57-b3460154afea/transcript

"We've answered every question": Hipkins defends decision not to front Covid Inquiry 

Labour leader Chris Hipkins says he's already answered the Covid Inquiry Commissioner's questions, negating any need for him to appear publicly. 

Hipkins and former Ministers Dame Jacinda Ardern, Grant Robertson, and Ayesha Verrall declined open hearings, leading the second part of the inquiry to be called off. 

Hipkins says lawyers raised several issues around them appearing, including setting a precedent and possible abuse.

He told Mike Hosking he doesn't see the point in repeating the process.  

Hipkins says the Commissioners themselves have said former ministers have answered every single question put to them and they are seeking no further information. 

LISTEN ABOVE 

<h2>"We've answered every question": Hipkins defends decision not to front Covid Inquiry&nbsp;</h2>
Labour leader Chris Hipkins says he's already answered the Covid Inquiry Commissioner's questions, negating any need for him to appear publicly.&nbsp;
Hipkins and former Ministers Dame Jacinda Ardern, Grant Robertson, and Ayesha Verrall declined open hearings, leading the second part of the inquiry to be called off.&nbsp;
Hipkins says lawyers raised several issues around them appearing, including setting a precedent and possible abuse.
He told Mike Hosking he doesn't see the point in repeating the process. &nbsp;
Hipkins says the Commissioners themselves have said former ministers have answered every single question put to them and they are seeking no further information.&nbsp;
LISTEN ABOVE&nbsp;

Best of 2025: Chris Hipkins defends decision not to front Covid Inquiry on the Mike Hosking Breakfast

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7b358163-18d7-4d8c-9d95-b3d00141761d/transcript

Hasn’t working from home become funny? 

Seek have produced a thing called Money Matters, and they look at work-life balance. 

Actually, hasn’t that become a thing as well – work-life balance. I can't place it exactly, but it seems like a Covid thing. The world changed and so did we. 

Working hard is now so last year, or so last decade. We all long for work-life balance with a good sprinkling of mental health days. 

But working from home is a scam because according to Money Matters if you got a pay rise you would go back to the office quick as you like. 

So is it about work-life balance or is it about money? 

Everything is about money. We just like to pretend it isn't. You feel more virtuous if you pretend it isn't about money. 

But Money Matters spills the truth. Working from home is easier, we save on the commute, you claim you are more productive, blah blah blah. "Hey, how about 20% more?" Then you're out of there. 

We would work more hours for more money, we would take on an increased workload for more money, and we would commute further for more money. 

There isn't much we wouldn't do for more money. 

The work from home thing, by the way, is funny because before Covid there was virtually no such thing. The idea that you could invent a thing and then having invented it, because we were all locked down anyway, turn it into a permanent thing that could only be broken by a pay rise is the ultimate in farce. It's an insight into how quickly a habit can form if it suits you. 

Anyway, the only other thing that can make us blow up our precious work-life balance is more time off. 

But it still doesn’t beat money. 

It's why lotto is popular I guess – money solves everything. 

Do we value work-life balance? My word we do. 

But do we value it more than money? Don’t make me laugh. 

Hasn’t working from home become funny?&nbsp;
Seek have produced a thing called Money Matters, and they look at work-life balance.&nbsp;
Actually, hasn’t that become a thing as well – work-life balance. I can't place it exactly, but it seems like a Covid thing. The world changed and so did we.&nbsp;
Working hard is now so last year, or so last decade. We all long for work-life balance with a good sprinkling of mental health days.&nbsp;
But working from home is a scam because according to Money Matters if you got a pay rise you would go back to the office quick as you like.&nbsp;
So is it about work-life balance or is it about money?&nbsp;
Everything is about money. We just like to pretend it isn't. You feel more virtuous if you pretend it isn't about money.&nbsp;
But Money Matters spills the truth. Working from home is easier, we save on the commute, you claim you are more productive, blah blah blah. "Hey, how about 20% more?" Then you're out of there.&nbsp;
We would work more hours for more money, we would take on an increased workload for more money, and we would commute further for more money.&nbsp;
There isn't much we wouldn't do for more money.&nbsp;
The work from home thing, by the way, is funny because before Covid there was virtually no such thing. The idea that you could invent a thing and then having invented it, because we were all locked down anyway, turn it into a permanent thing that could only be broken by a pay rise is the ultimate in farce. It's an insight into how quickly a habit can form if it suits you.&nbsp;
Anyway, the only other thing that can make us blow up our precious work-life balance is more time off.&nbsp;
But it still doesn’t beat money.&nbsp;
It's why lotto is popular I guess – money solves everything.&nbsp;
Do we value work-life balance? My word we do.&nbsp;
But do we value it more than money? Don’t make me laugh.&nbsp;

Best of 2025: Mike's Minute - Here's the truth on working from home

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e3b16421-c084-4d91-8f63-b3ce01419e05/transcript

Kate Hawkesby and Tim Wilson joined Mike Hosking once again to Wrap the Week that was. 

On today’s agenda was the gender pay gap, the Tom Phillips situation, and Kate finally got her chance to call out Mike’s behaviour from the week. 

LISTEN ABOVE 

Kate Hawkesby and Tim Wilson joined Mike Hosking once again to Wrap the Week that was.&nbsp;
On today’s agenda was the gender pay gap, the Tom Phillips situation, and Kate finally got her chance to call out Mike’s behaviour from the week.&nbsp;
LISTEN ABOVE&nbsp;

Best of 2025: Kate calls out Mike during Wrapping the Week on the Mike Hosking Breakfast

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/818ffc6b-a731-4f23-8a71-b3cd014180c7/transcript

Kelvin Davidson: Cotality Chief Property Economist on the housing value-to-income ratio reaching its lowest since mid-2019

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