Reserve Bank Drops OCR to Record Low

10 Dec 2015

With a drop to 2.5%, with potentially more to come in the New Year, this should be a sign to anyone not sure of where the property market is headed. Whilst we are not suggesting more rampant growth, any downward correction is not sustainable given immigration growth and continued supply constraints. However, if you want the best deal, you are likely to get a new home and we do have several Builders wanting to move 1-2 houses pre Christmas, at sharper than normal pricing, so they can buy more land, for what the industry still expects will be a very active New Year. Contact one of the KEY2 or me directly for details.