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21 Feb 2025 15:01
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      Home > News > Business

    Anticipation's building in the property market, with expectations the Official Cash Rate will be shaved by another 50-points today

    Anticipation's building in the property market, with expectations the Official Cash Rate will be shaved by another 50-points today

    19 February 2025
    Real Estate Institute figures show house prices are 21.5 percent below their peak in Auckland, and 15.7 percent below nationally.

    Institute Chief Executive Jen Baird says it's still a buyer's market.

    She says a further OCR cut could help make entering the market a bit more affordable.

    Baird says they're already hearing from agents across the country, of a more positive sentiment.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     21 Feb: Spark's reporting a 78-percent drop in first half profit
     21 Feb: Exporters are continuing to benefit from high commodity prices and the low Kiwi dollar
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     21 Feb: Air New Zealand expects to be short of planes for at least another two or three years
     21 Feb: The country's construction costs could improve - following a 44-percent average rate increase over the last four years
     20 Feb: The Child Poverty Reduction Minister attributes stagnant progress to tough economic conditions
     20 Feb: The economic downturn is hitting bottom lines, in latest half-year business results
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