Housing Market 2024 Interest Rates Nz. Despite aggressive interest rate rises, home prices in new zealand are just 19 per cent below their november 2021 peak, less than half their over 40 per cent surge during the. Residential property investors have come out of hibernation now that interest rates are comfortably off their peaks.
As new zealand holds its collective breath, waiting for interest rates to start falling again, here are the key ocr announcement dates you need in your diary for 2023 and 2024. While anz downgraded its estimated property price increase in 2024 to 4%, it said that faster than expected decreases to interest rates could fuel demand.
