It's Over ... The Bottom of the Market Has Been and Gone. What New Data Shows ⎜ Ep. 1446

<p>In this episode, we discuss the recent Reserve Bank announcement and what it signifies for the property market.</p> <p><br></p> <p>The Reserve Bank has left the OCR at 5.5% and released new forecasts and data that both signal the end of the downturn in the property market. </p> <p><br></p> <p>According to their forecasts, house prices bottomed out in March and are expected to increase by 14.5% three years from today.</p> <p><br></p> <p>Alongside this, we discuss recent REINZ data, showing two months of rising Auckland property prices, and variation across different regions in New Zealand. </p> <p><br></p> <p>Main points discussed:</p> <ul> <li>Reserve Bank&#39;s new forecasts and its implications</li> <li>REINZ data and property price trends</li> <li>Is it too early to declare the end of the property market downturn?</li> <li>The possible impact on interest rates.</li> </ul> <p><br></p> <p>Also we mentioned the<a href="https://www.opespartners.co.nz/house-prices" target="_blank" rel="noopener noreferer"> House Price</a> data on our website, click the link to see all the latest updated data.</p>