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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


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