Mortgage broker Julian Finch cautioned that a February rate cut was unlikely, pointing to trimmed mean inflation of 3.5 per cent, resilient demand, wage growth and restrictive policy settings offshore. He urged households to budget for higher repayments for longer and to review their loan structures. PIPA chair Nicola McDougall said buyers and investors were weary of waiting, and expected investor activity to lift once cuts arrived around mid-2025.
Reported by
Liv Adams, Real Estate Business, 22 January 2025
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