We’re only 0.25% off the Reserve Bank’s (RBNZ’s) forecasted peak OCR – so will Kiwis be hit by other OCR hike, or have interest rates in New Zealand already peaked for this economic cycle?
Investors largely remain concerned about interest rate levels and access to bank finance. So when will they return to the housing market, and what will be the catalyst?
With most of New Zealand holding its breath as we wait to see what interest rates are going to do next year, here are the Reserve Bank announcement dates you need in your diary.
It's pretty scary out there right now - but despite appearances, the foundations are already being laid for the housing market's recovery.
Do we have any evidence in hand of the impact on the residential real estate market yet of the recent round of fixed mortgage rate increases undertaken by banks? Yes, we do.
The Reserve Bank met expectations this week with another 0.5% increase in the official cash rate so it now sits at 3.5% compared with the record low just over a year ago of 0.25%.