Market is subdued, despite higher sales counts nationally - REINZ stats April 2024

The Real Estate Institute of New Zealand’s (REINZ) April 2024 figures shows sales activity lifting in almost all regions compared to storm affected April 2023, and year-on-year pricing edging up, continuing a trend seen in recent months.

Healthy Homes no longer fit for purpose

The Healthy Homes Standards (HHS), introduced on 1 July 2019, aimed to improve substandard rental properties, a move widely celebrated by many groups.

Steady rates today, strategic cuts tomorrow

The Reserve Bank's recent decision to hold the Official Cash Rate (OCR) steady at 5.5% is a significant move that has instilled confidence in economists and the public, signalling a stabilising market. Infometrics forecasts that the Reserve Bank will initiate a series of OCR cuts starting from August.

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