LJ Hooker reacts to RBNZ's OCR decision

LJ Hooker Head of Network NZ Campbell Dunoon

“The Reserve Bank’s decision to cut the Official Cash Rate 25 points to 3.25% marks a further step toward improving home ownership and is a positive signal for both buyers and sellers.

“Lower interest rates will ease borrowing costs giving more confidence to first-home buyers who have started to be active in 2025 and have been closely monitoring the market.

This move is likely to bolster buyer sentiment at a time when many have regained financial breathing room and are ready to act.

“We expect renewed activity in the months ahead as confidence lifts and more people look to take advantage of more favourable lending conditions.

With a broad range of properties available across the country and signs of price stabilisation in key centres, it’s a timely opportunity for Kiwis to re-engage with the property market.

“For sellers, this move provides the market uplift many have been waiting for.

With more buyers actively searching and finance becoming more accessible, listing conditions are set to improve. We expect to see an increase in listings as confidence builds and more vendors return to the market.”