Property Update for the week ending Sunday 26 October.

At the time of writing, news media around the country have just released the announcement of Reserve Bank governor Alan Bollard’s decision to cut the Official Cash Rate by an unprecedented one whole percentage point. This in turn will tend to flow through as a similar cut in the floating mortgage interest rate from most major banks.

So what may this mean for the real estate market? Well, we’d like to think that this is generally good news all round.

For those of us with existing mortgages, then there could be some considerable savings to be had, and for those in the market to buy, we see this as a great opportunity to secure what is now a more competitive finance rate. This, together with real estate prices having come back from the high of last year, means we firmly believe now is a fantastic time to invest in the security that only real estate can offer.

So do check out this week’s range of quality property from the team at JVL, and remember the saying ‘carpe diem’ – seize the day!