Why sell now?
Daniel Coulson Chief Executive Ray White New Zealand
There are moments in real estate where the economics of decisionmaking change faster than headlines. Early October’ s 50 basis point cut to the Official Cash Rate( OCR) – to 2.50 per cent – is one of those critical points, says Daniel Coulson, Ray White New Zealand Chief Executive.
“ It alters the incentives facing homeowners and prospective purchasers, not by transforming market dynamics overnight, but by changing the reward for acting now versus waiting.”
Coulson says the Reserve Bank of New Zealand’ s( RBNZ’ s) decision to reduce the OCR by 50 basis points was made with a specific concern in mind: the economy isn’ t running at full strength – what policymakers call‘ spare capacity’.
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