Property Weekly Wrap: Rates, affordability pressures and housing supply dominate the week

LawNews has pulled together the key property market data, housing trends and policy developments from the past week, with rising interest rate expectations, affordability pressures and housing supply continuing to shape the outlook for New Zealand’s property sector.

The Reserve Bank’s decision to hold the Official Cash Rate at 2.25% signalled that the low point for borrowing costs may now have passed, with economists increasingly expecting mortgage rates to rise over the second half of the year. At the same time, new data showed first home buyers remain highly active, rental supply remains elevated, and affordability pressures continue to influence both buyers and investors.