The NZ Property Market Podcast
OCR set to stay high and first home grants gone!
It's been a busy day for property news, and in this shorter, reactionary episode, Nick and Kelvin first discuss the Reserve Bank's tough-talking monetary policy statement, then quickly cover off the announcement that first home grants have been canned.
In a nutshell, inflation is still a problem, and OCR cuts seem off the table until 2025 - meaning 'higher for longer' mortgage rates too.
Regarding first home grants, the decision will be disappointing for some would-be first home buyers (FHBs), but there are still lots of other factors in their favour, and the market still looks generally positive in the next little while for FHBs.
Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
It's been a busy day for property news, and in this shorter, reactionary episode, Nick and Kelvin first discuss the Reserve Bank's tough-talking monetary policy statement, then quickly cover off the announcement that first home grants have been canned.
In a nutshell, inflation is still a problem, and OCR cuts seem off the table until 2025 - meaning 'higher for longer' mortgage rates too.
Regarding first home grants, the decision will be disappointing for some would-be first home buyers (FHBs), but there are still lots of other factors in their favour, and the market still looks generally positive in the next little while for FHBs.
Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz