29 August 2025
OCR down to 3% but…
New Zealand’s OCR came down to 3% from 3.25%. This comes from the Reserve Bank of New Zealand’s Monetary Policy Statement August 2025. You can find the full statement here.
Meanwhile, Economist and speaker Tony Alexander predicted in his latest article published on One Roof, that interest rates are likely to take U-turn and start going up in the near future.
Said Tony, “Interest rates move in cycles just as economies do, and borrowers at the moment need to be careful not to fall into the trap of thinking that borrowing costs won’t rise again.”
In fact, rates are likely to rise faster as a result of the Reserve Bank’s generous comments last week,” he continued, “That’s because, by buying an extra stimulus to our economy now, the banks increased the risk of extra inflation once growth is chugging along at a good pace.”
You can read the full article by Tony Alexander here.
Residential market remains slow and steady
As per the latest REINZ June 2025 property report, the data shows a 3.4 % decrease in the Auckland median sale price, compared to the same period last year and a 17.8% increase in the sales count. Compared to the previous month, the Median Price is up 1.0% and Sales Count is down 18.3%. REINZ reports that the market will probably stay the same over the coming months – slow and steady.
For Sale
3 Falkirk Street, Blockhouse Bay
Great Do-Up Opportunity
Good sized Kiwi Bungalow consisting of 3 bedrooms. One bathroom with separate bath and shower, separate toilet.
Laundry and basement garage.
Located on the New Lynn – Blockhouse Bay border.
Walking distance to Chaucer School.
Building permit issued for retaining wall to remediate slip at rear. Subject to Resource Consent.
Tenanted till December 2025.
Motivated Vendor.
Contact Mohijit for more info.
More market activity expected in spring
As per the latest REINZ July 2025 property report, the data shows a 2.6% increase in the Auckland median sale price, compared to the same period last year and a 0.5% decrease in the sales count. Compared to the previous month, the Median Price is down 1.5% and Sales Count is up 4.2%. REINZ reports that market activity might lift in the spring, but no significant changes are predicted until early 2026.
To view the full REINZ report, click here.
NZHL Property Report July 2025
Economist Tony Alexander shares his insights in his latest NZHL Property report, which compiles the response he has received from 265 real estate agents. The results show the following:
- Most indicators have improved slightly this month but remain at very weak levels indicative of a market where buyers are in no rush to transact.
- FOMO is creeping higher but stands well away from the frenzied days of the pandemic.
- Investors are indicating interest in selling their properties.
To view the full report, click here.
Auckland median sale price movement over last 5 Years (July 2020 – July 2025)
Graph is based on statistical data published by REINZ.
For Rent
190 Boord Crescent, Kumeu, Rodney, Auckland
$630 Per Week
3 beds, 1 bath
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