News and Insights
Keep up with the property market, interest rates, lending rules and other useful updates for anyone who wants to make smarter property and financial decisions.
November wrap-up | An OCR cut and encouraging signs heading into summer
Last week brought the news many Kiwis were waiting for: The Reserve Bank dropped the OCR (Official Cash Rate) by 0.25% to 2.25 It was widely predicted, but still a very welcome shift heading into the end of the year, especially with the RBNZ now on holiday until late February.
September update | Economists call for RBNZ action as GDP slows
GDP slows and economists are calling for rate cuts but there is some good news for the property market. Lending rules are easing, interest rates are dropping, and first home buyers are stirring. Spring is bringing renewed activity, giving builders and buyers a reason to feel optimistic.