Has the housing market found its floor?

(Image: Getty)

Thu, 20 Apr 2023

The fact that banks didn't fully pass on the Reserve Bank of New Zealand's latest 50 basis-point-cash rate hike to 5.25% suggest the current real estate cycle has hit bottom, a property economist says. Kelvin Davidson, the chief property economist at property analytics group CoreLogic, said there had been little movement among banks and lenders to pass on the most recent interest rate hike, which signals that rates may have reached their peak, providing both buyers and sellers with more confidence. Several of the banks did tic...

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