Property investors to move back into predator mode – Kiwibank
Property investors – in the crosshairs of the Reserve Bank and policymakers for several years – are set to once again become hunters, as Kiwibank calls a 3.25% drop in interest rates.
Housing indicators will need to be watched closely to gauge how quickly the RBNZ is likely to proceed in this easing cycle.
The worm has turned for property investors, Kiwibank says.
The bank’s chief economist Jarrod Kerr said the Reserve Bank of New Zealand is now set to take interest rates – the country’s biggest driver of house prices – from very restrictive levels, to “stimulatory”, levels.
In an economic
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
