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Is the Property Market Finally Rebounding?
There’s growing optimism that New Zealand’s property market is making a comeback, fueled by a third consecutive cut to interest rates. The Reserve Bank of New Zealand has slashed the Official Cash Rate (OCR) by another 0.5% to 4.25%. While it’s still early days for the latest reduction, the effects of previous cuts are already…
Affordability on the Rise as Interest Rates Drop
With mortgage rates starting to ease amidst a sluggish economy, many are debating whether this shift will spark an increase in property prices or leave the market relatively unchanged. Experts are predicting the Official Cash Rate (OCR), currently at 4.5%, could drop another 1% to give the economy a boost. For the Kiwi property market,…
Three Factors Shaping the Minds of NZ Buyers Right Now
New Zealand's property market is navigating an uneven recovery, with luxury areas breaking price records while other regions face a mix of economic challenges and high mortgage rates. Auckland, often seen as the bellwether of the Kiwi real estate market, is experiencing its own ups and downs. The good news for homeowners is that the…
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