Housing Market 2024 Interest Rates Nz

Housing Market 2024 Interest Rates Nz. Slowly but surely, the property market ship will steady. However, even if 10 per cent more homes are put up for sale, the number of listings would still be about 20,000 below the typical average of 95,000.

New zealand’s central bank cut the official cash rate and signalled more cuts were coming at its last meeting. The property market had been relatively stable since late 2022, with the average asking price ranging between $860,000 and $890,000, realestate.co.nz chief.