About this episode

The episode discusses the rise in New Zealand's unemployment rate and its implications for the mortgage market.

Send us a question/idea/opinion direct via text message! New Zealand’s unemployment rate rose to 5.6% in Q2 2026 - the highest level in over a decade. However, beneath the headline number lies an encouraging trend for the residential property market: total employment actually expanded, meaning the unemployment jump was driven by an expanding labour force rather than mass job destruction. This week on the New Zealand Property Market Podcast, Head of Research Nick Goodall and Chief Economist Ke...

People in this episode

Host: Nick Goodall

Topics covered

• unemployment
• mortgage defaults
• residential property market
• labour force
• economic trends

Keywords

• unemployment
• mortgage defaults
• New Zealand
• property market
• economic trends

Mentioned in this episode

Organizations: Cotality NZ

Places: New Zealand

More episodes of The NZ Property Market Podcast

• Values drift -0.4%: Time to forget the market peak? 📉 · September 6, 2026 · 30 min
• OCR Hikes to 2.75%: Why Mortgagees Shouldn't Panic 📊 · September 1, 2026 · 16 min
• The drift lower continues for property sales · August 31, 2026 · 21 min
• Affordability is back: Are the housing market drops over? 📊 · August 23, 2026 · 34 min
• 13% of homes sell at a loss: Q2 Pain & Gain 📉 · August 16, 2026 · 33 min
• NZ vs AU Property: Lessons From NZ’s 17% Fall 📊 · August 4, 2026 · 56 min

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