Welcome to the 60th edition of Ray White Now.
As we hit the half-year mark, surprisingly for some, winter holds a sunnier
forecast for New Zealand’s residential property market.
Several significant policy decisions are helping Kiwis (and a growing migrant population)
to feel more confident about the economic road ahead, not least of which is our central bank’s assertion
that the recent 25 basis point rise in the Official Cash Rate (OCR) is expected to be the last.
At least for this tightening cycle.
What happens next will depend heavily on new data and, as always, the development of global events.
Ray White Now - June 2023