It's Over ... The Bottom of the Market Has Been and Gone. What New Data Shows ⎜ Ep. 1446
- Author
- Opes Partners
- Published
- Sun 27 Aug 2023
- Episode Link
- https://podcasters.spotify.com/pod/show/propertyacademy/episodes/Its-Over-----The-Bottom-of-the-Market-Has-Been-and-Gone--What-New-Data-Shows--Ep--1446-e28dppb
In this episode, we discuss the recent Reserve Bank announcement and what it signifies for the property market.
The Reserve Bank has left the OCR at 5.5% and released new forecasts and data that both signal the end of the downturn in the property market.
According to their forecasts, house prices bottomed out in March and are expected to increase by 14.5% three years from today.
Alongside this, we discuss recent REINZ data, showing two months of rising Auckland property prices, and variation across different regions in New Zealand.
Main points discussed:
- Reserve Bank's new forecasts and its implications
- REINZ data and property price trends
- Is it too early to declare the end of the property market downturn?
- The possible impact on interest rates.
Also we mentioned the House Price data on our website, click the link to see all the latest updated data.
