As we close out 2025, I want to start by saying a heartfelt thank you.
On behalf of my whole team, we’re extremely grateful for all the love and support from our new and existing clients this year. Your trust means everything to us, and it’s what keeps us going, year after year.
We’ve seen big changes, new systems, and plenty of challenges, but your support has made all the difference. Here are some of the highlights from across the market:
Interest rates
The Official Cash Rate (OCR) dropped from 2.50% to 2.25% on 26 November, and banks have responded with some of the biggest cashbacks we’ve seen – a whopping 1.5%.
These cashbacks have made a real difference, especially for first home buyers and those refinancing, helping more people secure lending and boosting activity in the market.
Who’s buying?
First home buyers are still leading the charge, making up about 40% of our lending volume. Lower interest rates, realistic home prices, and those generous cashbacks have made it easier for many to take the leap.
Property investors are also getting more active, now making up 10% of our applications—roughly double what we were seeing earlier in the year.
The Canterbury property market
As we head into 2026, Christchurch and the South Island property market are looking positive.
- Canterbury’s median price rose 2.2% year-on-year to $705,000, while the national median dipped slightly to $770,000. Sales activity has picked up, with Christchurch finishing the year strong and momentum carrying into 2026.
- Construction & supply—new builds are ramping up, but land and section stock is tightening. If you’re thinking about building, keep an eye on land prices. We could see a rise in prices next year as quality sections become harder to find.
- The city’s vibe is upbeat, with new developments like the stadium and metro sports facility adding to the appeal. More first home buyers from Auckland are choosing Christchurch as their preferred place to live, work, and play.
Personal Advice & Looking Forward
With the OCR drop and those cashbacks on offer, now is a great time to review your options, whether you’re buying, selling, or refinancing.
If you’re considering fixing your mortgage, remember: everyone’s situation is different.
Splitting your loan between one- and two-year terms can offer flexibility, but getting personalised advice is key—and our team of expert advisers is always happy to help.
Thank you again for your trust and support this year.
On behalf of the whole team, I wish you and your families a very Merry Christmas and a wonderful holiday season. We look forward to serving you and catching up in the new year.