4 Reasons the property market is improving

There are a number of factors now in play that should affect the property market for the better:

1. This weeks drop in the OCR of 1.5 basis points to 5% will ultimately flow through to lower retail rates.
2. The low kiwi dollar is increasingly making the New Zealand property market attractive.
3. Tax cuts next April.
4. The cost of borrowing vs. cost to rent is making renting less attractive

We expect these ingredients will increase the number of sales being made through this next season.