Campbell Dunoon: LJ Hooker Group Head of Network NZ on the impact of the OCR cut on the property market
Early Edition with Ryan Bridge · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
An OCR cut could be behind an incoming boost in property market activity.
The Reserve Bank's cut the Official Cash Rate by 50-basis points to 4.75%.
Banks have lowered home rates in response to the cut.
Finance Minister Nicola Willis is celebrating the move as fantastic news and sees it as a sign inflation is under control.
LJ Hooker's Campbell Dunoon told Ryan Bridge this year's market has been cautionary
He says the stock has been there, and this will give buyers a nudge to participate.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.