At the same time, investors and owner-occupiers are reading different signals.
“ Many investors remain careful about speculative short-term gains, but for those focused on long-term yield and portfolio diversification, tangible assets are regaining appeal.
“ Owner-occupiers, meanwhile, are gradually moving from defensive budgeting to practical decision-making – arranging inspections, refinancing, and re-considering relocation or renovation plans as serviceability improves.”
Policy tone is a strong motivator. Under the new Governor, Dr Anna Breman, the RBNZ’ s approach has shifted to reducing the premium on inactivity.
“ The decision makers at the Monetary Policy Committee( MPC) have signalled a willingness to adjust the cash rate further if needed – a clear message that the path of rates is now conditional on activity as much as it is on inflation.
“ Markets interpret that as increased optionality for borrowers, and a clearer planning environment for those taking properties to market before year-end.”
RAY WHITE NOW NEW ZEALAND | 9