How Low Can It Go? The Reserve Bank cut the Official Cash Rate (OCR) on 20 August from 3.25% to 3%. This marks a 2.5 percentage point drop since the easing cycle began exactly a year ago. In May, the bank anticipated the OCR would bottom out at 2.9% in … Read more
Pause For Breath The Reserve Bank of New Zealand held the Official Cash Rate (OCR) at 3.25% on 9 July, as widely expected. According to Interest.co.nz, the Monetary Policy Committee opted to pause while it assessed persistent inflation pressures and the pace of the country’s economic recovery. While a rate … Read more
Cause for Optimism Despite ongoing uncertainty globally, positive momentum is returning to New Zealand’s property sector — and the signs are encouraging. “Despite the chaos playing out internationally, we’re seeing strong indicators of renewed confidence at home,” says Daniel Horrobin, Director of City Realty Group. “There’s a noticeable shift — … Read more
Plenty to Watch as 2025 Unfolds Uncertainty continues to shape the New Zealand property market, with ongoing global trade tensions keeping both buyers and sellers alert. As CoreLogic Chief Property Economist Kelvin Davidson recently noted, “These are uncertain times for New Zealand, with no one quite sure what impact the … Read more
Market Warming Up, But Brakes Not Fully Off Yet “Despite recent OCR cuts, with more anticipated in coming months, it would appear the economic recovery has not quite gained the momentum many expected,” says Daniel Horrobin, Director of City Realty Group. While rate drops have sparked optimism, many are still … Read more
OCR Drop Sparks Market Optimism The Reserve Bank’s much-anticipated Official Cash Rate (OCR) cut on February 19 did not disappoint, says Daniel Horrobin, Director of City Realty Group. As reported by Stuff on February 20, the OCR was lowered by 50 basis points to 3.75%, with banks quick to respond … Read more
Big Day Out “Our BIG Auction Day on 30 January was eagerly anticipated and did not disappoint” reports Daniel Horrobin, Director of City Realty Group. But first. “As we await the upcoming OCR announcement on 19 February” says Daniel, “banks generally appear to be getting on with business with Stuff … Read more
On December 17th, the City Realty Group celebrated the festive season in style at Parasol & Swing. Teams from Mt Roskill, Wynyard Quarter, Auckland Central, Sandringham, and Residents and Projects came together for an unforgettable evening filled with laughter, connection, and holiday cheer. It was a night to reflect on … Read more
Heads Up – Eyes Front “With 2025 off to a strong start, the year is shaping up to be incredibly promising, highlighted by our highly anticipated Auction Day on 30 January,” says Daniel Horrobin, Director of City Realty Group. “We’re gearing up for a huge Auction Day on 30 January, … Read more
Numbers Count “The November 27 cut in the OCR was predicted and very welcome,” says Director of City Realty Group, Daniel Horrobin. This marks the third consecutive cut to the OCR since August, which is now at its lowest level since November 2022. Further good news was reported in the … Read more