This reflects expectations of subdued growth and inflation. Short-term and variable mortgage rates are forecast to trend lower, supporting affordability, while longerterm rates are likely to hold steady.
Key dates to watch for monetary policy are:
• 28 May: Monetary Policy Statement and OCR Review
• 9 July: Monetary Policy Review and OCR Review
• 20 August: Monetary Policy Statement and OCR Review
• 8 October: Monetary Policy Review and OCR Review
• 26 November: Monetary Policy Statement and OCR Review
Despite being tempered by a shorter trading month, April’ s activity shows that underlying market momentum remains strong. Seller activity is ahead of last year, buyer pre-approvals are solid, and lending conditions continue to support transactions. As we move into winter, active participants will be well-placed to engage motivated buyers and capitalise on competitive market dynamics.
RAY WHITE NOW NEW ZEALAND | 17