Articles Tagged ‘housing’

OCR steady at 2.5pc

The Reserve Bank (RBNZ) announced yesterday that the Official Cash Rate (OCR) would remain on hold at 2.5 per cent for the time being, however they have flagged further ‘modest’ falls over the coming months. Some economists were in favour of a downwards move now – something the Reserve Bank decided against as it waits […]

Residential market shows steady hand

A degree of confidence has returned to the residential real estate market, as indicated by recent sales figures from the Real Estate Institute of New Zealand (REINZ). Institute president, Mike Elford said the figures reinforce a level of stability in relation to price and turnover, especially considering April is traditionally a slower month due to […]

Confidence returning to property market

By Carey Smith, Ray White CEO Potentially there is a higher level of lending occurring through the main stream banks. This has been facilitated by a further reduction in the Official Cash Rate which now sits at 2.5 per cent, the lowest it has been since the Reserve Bank introduced the OCR. One other key factor which […]