Surging house prices a thing of the past

The New Zealand housing market went nowhere in 2024. (Image: Alex Burton, NZME)

Mon, 10 Feb 2025

Wednesday, Feb 19, is shaping up to be a red-letter day for the New Zealand housing market.It marks the Reserve Bank of NZ’s first monetary policy statement and official cash rate (OCR) review of the year, in which it is widely expected to cut the OCR by another 50 basis points.With inflation of 2.2% now back inside the policy target band and the economy doing little better than dogpaddling, the country desperately needs a financial booster.(The High Court swung back into action last week after its lengthy break and the pent-up list of 12...

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