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

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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

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