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Kelvin Davidson: Cotality NZ Chief Property Economist on first home buyers entering the property market
Manage episode 501638120 series 2098285
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.
7725 episodes
Manage episode 501638120 series 2098285
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.
7725 episodes
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