Latest / Early Edition with Ryan Bridge
Campbell Dunoon: LJ Hooker Group Head of Network NZ on the impact of the OCR cut on the property market
An OCR cut could be behind an incoming boost in property market activity.
The Reserve Bank's cut the Official Cash Rate by 50-basis points to 4.75%.
Banks have lowered home rates in response to the cut.
Finance Minister Nicola Willis is celebrating the move as fantastic news and sees it as a sign inflation is under control.
LJ Hooker's Campbell Dunoon told Ryan Bridge this year's market has been cautionary
He says the stock has been there, and this will give buyers a nudge to participate.
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