08/07/2026
RBNZ has increased the OCR by 0.25% to 2.50%. While that will add pressure to borrowing costs for some households, it’s unlikely to shift the market overnight. Instead, it reinforces the more measured, cautious conditions we’ve been seeing in recent months.
LJ Ho**er Head of Research Mathew Tiller said buyer activity is still there, and the LJ Ho**er network continues to see healthy enquiry and good numbers through open homes. However, buyers remain selective and value-driven: taking more time, comparing more properties, and negotiating harder, often with conditions in place.
For vendors, the message is consistent: a good result is still achievable, but it’s increasingly about meeting the market with realistic pricing, quality presentation, and well-informed expectations.
Read more here here: https://ljh.co/rbnz-lifts-ocr-july26
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