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International Travel: April 2025

International Travel: April 2025

Scoop2 days ago

Press Release – Stats NZ
Overseas visitor arrivals were 267,300 in April 2025, an increase of 42,200 from April 2024.
International travel covers the number and characteristics of overseas visitors and New Zealand resident travellers (short-term movements) entering or leaving New Zealand.
Key facts
Monthly arrivals – overseas visitors
Overseas visitor arrivals were 267,300 in April 2025, an increase of 42,200 from April 2024. The biggest changes were in arrivals from:
Australia (up 33,800)
United Kingdom (up 4,000)
United States (up 3,300)
Hong Kong (up 1,600)
Indonesia (down 1,100).
The increase in the number of overseas visitors from Australia in April 2025 compared with April 2024 was partly related to the timing of school holidays. Easter and school holidays' impact has more information.
The total number of overseas visitor arrivals in April 2025 was 87 percent of the 307,400 in April 2019 (before the COVID-19 pandemic).

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Article – RNZ Many Auckland property owners have seen the capital value, or CV, of their properties drop in the past week. Valuations have been updated for the first time since 2021, when New Zealand's property market was hitting post-Covid heights. The new CVs are dated to mid-last year, and typically dropped 9 percent, on average. For some buyers, particularly those who purchased recently, that's been uncomfortable reading. But mortgage advisers say, in general, the CV of a property doesn't matter a lot to lenders. While a drop in value would decrease an owner's equity in a property on paper, they say lenders rely on other methods to determine a property's value and the owner's stake in it. 'It's yesterday's news,' said David Cunningham, chief executive of Squirrel. He said while people might look at a property's CV because it was public information, it was no longer used in calculations for a mortgage. 'In the old days it was but you know now you've got all these models from Cotality and Valocity and so on – and you can go on to or One Roof and find a pretty damn good valuation. They've got the benefit of being pretty much real time.' He said people did not need to worry even if their CV showed they now owed more than their home was worth. He said banks talked about home loan customers being 'delinquency managed' which meant that it was only if they stopped paying their home loans that the bank would investigate. Borrowers who were facing trouble with repayments should talk to the bank before that happened, he said. Some borrowers are paying low-equity premiums because they took out loans with less than 20 percent deposit. These margins can be removed once the loan is paid down, or the value of the property increases to the point where the owner has 20 percent equity. But Cunningham said the new CVs would not affect that process either. People who had built up enough equity to have the margin removed would typically be using banks' desktop valuation data to do so. 'Registered valuations might come into play if it's an unusual property or in an area where there aren't a lot of property sales. So some of the more provincial locations and properties … but for major centres the valuation models, called AVMs, automated valuation models, are what the bank uses.' Glen McLeod, head of Link Advisory, agreed banks would usually use desktop valuations to get an idea of the value of a property, or a registered valuation in situations where it was necessary to be precise about a value. 'If you have a sale and purchase agreement for $850,000 and the registered valuation comes in at $850,000 that's what it's worth even if the CV is $750,000.' Loan Market mortgage adviser Karen Tatterson agreed CVs were rarely used by banks to assess loan-to-value ratios, if ever. She said the problem was that CVs were quickly out of date. 'The Auckland Council CVs that were released yesterday are based on a value ascertained approximately a year ago so they are already out of date and do no reflect the true 'market' value of the home.'

What You Need To Know If Your CV Is Less Than You Owe On Your Property
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, Money Correspondent Many Auckland property owners have seen the capital value, or CV, of their properties drop in the past week. Valuations have been updated for the first time since 2021, when New Zealand's property market was hitting post-Covid heights. The new CVs are dated to mid-last year, and typically dropped 9 percent, on average. For some buyers, particularly those who purchased recently, that's been uncomfortable reading. But mortgage advisers say, in general, the CV of a property doesn't matter a lot to lenders. While a drop in value would decrease an owner's equity in a property on paper, they say lenders rely on other methods to determine a property's value and the owner's stake in it. "It's yesterday's news," said David Cunningham, chief executive of Squirrel. He said while people might look at a property's CV because it was public information, it was no longer used in calculations for a mortgage. "In the old days it was but you know now you've got all these models from Cotality and Valocity and so on - and you can go on to or One Roof and find a pretty damn good valuation. They've got the benefit of being pretty much real time." He said people did not need to worry even if their CV showed they now owed more than their home was worth. He said banks talked about home loan customers being "delinquency managed" which meant that it was only if they stopped paying their home loans that the bank would investigate. Borrowers who were facing trouble with repayments should talk to the bank before that happened, he said. Some borrowers are paying low-equity premiums because they took out loans with less than 20 percent deposit. These margins can be removed once the loan is paid down, or the value of the property increases to the point where the owner has 20 percent equity. But Cunningham said the new CVs would not affect that process either. People who had built up enough equity to have the margin removed would typically be using banks' desktop valuation data to do so. "Registered valuations might come into play if it's an unusual property or in an area where there aren't a lot of property sales. So some of the more provincial locations and properties … but for major centres the valuation models, called AVMs, automated valuation models, are what the bank uses." Glen McLeod, head of Link Advisory, agreed banks would usually use desktop valuations to get an idea of the value of a property, or a registered valuation in situations where it was necessary to be precise about a value. "If you have a sale and purchase agreement for $850,000 and the registered valuation comes in at $850,000 that's what it's worth even if the CV is $750,000." Loan Market mortgage adviser Karen Tatterson agreed CVs were rarely used by banks to assess loan-to-value ratios, if ever. She said the problem was that CVs were quickly out of date. "The Auckland Council CVs that were released yesterday are based on a value ascertained approximately a year ago so they are already out of date and do no reflect the true 'market' value of the home."

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