NZ interest rates just jumped. The RBNZ hiked the OCR to 2.75% to fight inflation, sending floating mortgage rates up instantly.

Fixed rates are holding steady for now. What's your play?

#NZProperty #RBNZ #Mortgages

NZ house prices hit a 3-year low this week, now 18% below the 2022 peak. Despite the RBNZ’s recent hike to 2.75%, a "buyer strike" remains in effect. High listing volumes and stagnant demand are testing a new market bottom. Sellers are losing their grip. #NZProperty #RBNZ

Smart NZ homeowners aren't putting all their eggs in one basket. They're splitting loans: pairing a sub-5% 6-month term with a 1-year term to ride the rate drops down. #MortgageTips #NZProperty

Westpac has shifted its RBNZ outlook, flagging the potential for aggressive 50bp OCR cuts if the economy further deteriorates. With house prices still sliding and mortgage rates falling, the pivot to a lower-rate environment is accelerating. A major shift for NZ borrowers. #NZProperty

Where did all the property investors go? 💸 Their share of new mortgages has dipped to just 18.9% as high rates bite. With fewer investors to compete against, first-home buyers are moving in fast.

#NZProperty #PropertyInvesting

RBNZ’s OCR hike to 2.75% hits just as NZ house prices sink to a 3-year low. With inventory at 12-year highs and retail banks already raising floating rates, the "W-shaped" bottom is official. A buyers' paradise on paper, but high rates remain the barrier. #NZProperty #RBNZ

NZ mortgage wars are heating up. With thousands rolling off 7%+ rates, challenger banks are crashing the sub-5% barrier to win your business. Time to shop around. #NZProperty #MortgageRates

RBNZ hikes OCR to 2.75%, the second jump in two months. Banks passed the full 25bps to floating rates instantly. With 4,000 homeowners now underwater and prices stagnant, the RBNZ admits the housing market has shifted into a structural ‘down phase.’ #NZProperty #RBNZ