What no change to the OCR Means for New Zealand's economy

After six months of debate among New Zealand's leading economists about the possibility of increasing the Official Cash Rate (OCR), the consensus reached at the latest review was to keep rates unchanged. Given the current global economic uncertainties and signs of local recession, this decision reflects a cautious approach.
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Market moving in 2024

We continue to monitor lifestyle sales (1 ha-20 ha), and with March REINZ data for the first quarter now to hand, the market is $100m up on the same time last year with 834 sales, for a billion dollars to March 2023.
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Momentum in multiple market measures - REINZ stats March 2024

The Real Estate Institute of New Zealand’s (REINZ) March 2024 figures show a significant increase in listings, stock levels and median sale prices creating even more options for buyers.
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