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Kelvin Davidson: Cotality NZ Chief Property Economist on first home buyers entering the property market

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Manage episode 501638120 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Investors may sit back and wait for further cuts to the Official Cash Rate as first home buyers surge into the housing market.

The Cotality Monthly Housing Chart shows first home buyers account for 27% of market activity in July – the highest proportion in 20 years.

The Reserve Bank this week cut the OCR another 25-basis points to 3%.

Cotality NZ Chief Property Economist Kelvin Davidson told Mike Hosking first home buyers are taking advantage of a quiet market as others hold off.

He believes a reason people are waiting is job uncertainty and the labour market.

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See omnystudio.com/listener for privacy information.

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7725 episodes

Artwork
iconShare
 
Manage episode 501638120 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Investors may sit back and wait for further cuts to the Official Cash Rate as first home buyers surge into the housing market.

The Cotality Monthly Housing Chart shows first home buyers account for 27% of market activity in July – the highest proportion in 20 years.

The Reserve Bank this week cut the OCR another 25-basis points to 3%.

Cotality NZ Chief Property Economist Kelvin Davidson told Mike Hosking first home buyers are taking advantage of a quiet market as others hold off.

He believes a reason people are waiting is job uncertainty and the labour market.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7725 episodes

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