BNZ’s Chief Economist, Mike Jones, dives into whether house prices have truly become affordable, the likelihood of further OCR drops, and what banks are forecasting for mortgage interest rates. The discussion also covers rental vacancy issues, new lending trends, and how Reserve Bank projections could impact the market in the coming years. If you’re looking to stay ahead in the ever-changing property landscape, this is a must-watch!
The NZ property market is constantly shifting, with interest rates, housing affordability, and rental trends all playing a crucial role in shaping the future. With discussions around OCR cuts, lending trends, and the cost of homeownership versus renting, many are wondering what’s next for property buyers, investors, and renters alike. Understanding these factors can help you make informed decisions about your financial future in real estate.
Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact an adviser from mortgagehq.
