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  • NZ Property Investor

    MIXED EXPECTATIONS

    Oct 03, 2019 4 minutes

    Expectations were riding high that the Reserve Bank’s hefty OCR cut in August (and the subsequent impact on mortgage rates) would prompt a noticeable property market pickup. Well, to date, that hasn’t happened. It seems the market can still turn in some surprises.

    That’s because the latest data doesn’t provide evidence of a wholesale market pickup. Instead it presents, once again, a mixed bag of results. This has left commentators somewhat divided in their interpretations of what it all means for the market.

    There is one constant in the analysis: the doomsday crash talk has disappeared. On the contrary, commentators are pretty optimistic about the outlook for the market going forward. It’s just that they differ in their

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