Confidence builds as momentum carries forward
Treena Drinnan Chief Agency Officer Ray White New Zealand
The effects of the Reserve Bank of New Zealand’ s( RBNZ’ s) bold half-percentage-point cut to the Official Cash Rate( OCR) in October, to 2.50 per cent, are now clearly visible across the market. That move, the sixth in the current easing cycle, has helped re-energise buyer confidence, lifted affordability, and restored much-needed stability after a year of steady adjustment.
November has continued that momentum. Activity is building across every measure: more listings, higher enquiry levels, and stronger participation from motivated buyers.
For the first time in several years, sellers are responding to genuine competition in the market, and buyers are increasingly ready to transact rather than wait.
RAY WHITE NOW NEW ZEALAND | 16