It’s just people needing a home to live in. Trying to get to grips with where the property market is going is really difficult, and it really does depend on who you are talking to. Commentators all have their viewpoint while Real Estate salespeople at the sharp end know that right now, sellers have an advantage that they have not had for nearly two years. Buyers have arrived back in the market and they need homes to live in.

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Auckland houses

Two articles in the New Zealand Herald are tipping that house prices are about to rocket by up to 30%! This, along with predictions that nationally they will rise by 24 %.

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Image: Bloomberg News/Landov

The Reserve Bank of New Zealand has just decided not to alter the Official Cash Rate. If you are borrowing right now it is unlikely you will see further big interest rate reductions, so while you can get money at 5.4% the banks are suggesting you fix that rate for the short to medium term.

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