The NZ Property Market Podcast
Brought to you by CoreLogic and produced by Agents TV. Each week co-hosts Nick Goodall and Kelvin Davidson will bring you all the latest news, stats and insight to keep you up to date with everything to do with the NZ residential property market. Including sales volumes, house price indices, buyer activity, interest rates, loan-to-value ratio restrictions and all of the macro economic factors that influence our largest asset class. Contact us on twitter @NickGoodall_CL or @KDavidson_CL
The NZ Property Market Podcast
S2.E31 - OCR hike on the horizon
In a big week for economic data the chances of a lift in the official cash rate (OCR) have increased dramatically.
Nick and Kelvin firstly cover off the Monetary Policy Review from the RBNZ, where they left the OCR on hold, but announced an almost immediate end to Government bond buying - a clear sign of reduced support for a surprisingly well performing economy.
Then, combined with the CPI data for Q2 reporting 3.3% inflation over the prior year, it seems more likely than not that the OCR will be on the move up next month.
There was also rental price data for June, firming up the view that the increased cost burden of the interest deductibility changes may well be passing through to tenants.
And a quick look over the REINZ HPI data provided further evidence of a slowdown in market growth, with variability around the country perhaps a sign of things to come.
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