THE MARKET IN NZ

The Reserve Bank has left the Official Cash Rate (OCR) on hold at 2.5%. The decision to leave the OCR on hold was in line with market expectations. The Reserve Bank has indicated that if the New Zealand dollar remains elevated without other economic settings changing, then it would need to reassess its previous assumptions […]

CONFIDENCE CONTINUES TO GROW IN NZ

Confidence is returning to the housing market. The recent REINZ release of the March residential statistics shows a 25 per cent increase in the volume of sales, and a reduction in the number of days between listing to contract date. Buyers are viewed to be more strongly motivated than sellers in all parts of Auckland […]

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