Despite Auckland’s overpriced housing market, it actually cooled over the summer. The Real Estate Institute figures for January showed sales volumes in Auckland fell around 10% in seasonally adjusted terms from December 2015 after the government and Reserve Bank imposed new restrictions last October and November.
Chatter is that the Reserve Bank may cut the Official Cash Rate by as early as next week, and with inflation not expected to increase this year or next, we could see further interest rate cuts in 2016 – good news for those looking to buy property over the coming months.
Contact a Haven adviser today to assist you on buying new property both residential and investment, and also on refinancing your mortgage. No matter what part of the country you’re in, a Haven adviser can help. Call us on 0800 700 699. Read more about what we can do here.
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