Is The Kiwi Property Market On The Turn?

September 20, 2024 • 00:08:34
Is The Kiwi Property Market On The Turn?
Digital Finance Analytics (DFA) Blog
Is The Kiwi Property Market On The Turn?

Sep 20 2024 | 00:08:34

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Show Notes

The Real Estate Institute of New Zealand’s (REINZ) House Price Index (HPI) reported a 16.7% decline nationally from the market peak reached in 2021. This has taken real inflation-adjusted house prices back to their pre-pandemic level at the start of 2020. But in August the Reserve Bank of New Zealand cut the official cash rate by 0.25% and has signalled that significant further cuts would be made over the next 18 month. Business confidence took a leg up, bouncing to a net 51% positive from just 6% in response, banking on the end of the recession which has gripped the […]
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