Mortgage wars to boost real estate affordability / demand / prices ??
https://www.radionz.co.nz/news/busin...tinues-to-cool Nothing wrong with national average rising 2.5% per annum. "Affordability a key concern"
Mortgage wars broke out this week which saw 3 year fixed interest mortgages available for 3.95%, the lowest in 50 years to the best of my knowledge https://www.nzherald.co.nz/business/...ectid=12219508
Kiwibank at 4.29% for 5 years, the lowest ever.
OCR predicted to drop heaps https://www.interest.co.nz/bonds/989...ntinue-cutting
Immigration still growing at a fast pace. All the ingredients are there for the market to stabilise and continue to grow at a very modest rate on a nation average price basis.
Those fearmongering over some potential big correction have very little factual basis for their beliefs other that the rate of growth has slowed, but so what, its slowed from years of very high growth rates and had to do so sooner or later...
I maintain the number of units to be resold per annum will rise dramatically over the years ahead and we know the company is lifting its build rate to 600 units oer annum in the next 2-3 years.