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RBNZ Cuts Rates, House Prices Dip Amid Oversupply

9/1/2025

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Summary

Story summary

The Reserve Bank of New Zealand reduced the official cash rate by 2.5%, but house prices fell by 0.5% in July.
New listings reached an 11-year high, leading to an oversupply in the housing market.
Buyer sentiment is positive, with many perceiving it as an opportune time to buy.
Experts warn that a significant price rebound is unlikely due to ongoing market uncertainty.

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Story summary

The Reserve Bank of New Zealand reduced the official cash rate by 2.5%, but house prices fell by 0.5% in July.
New listings reached an 11-year high, leading to an oversupply in the housing market.
Buyer sentiment is positive, with many perceiving it as an opportune time to buy.
Experts warn that a significant price rebound is unlikely due to ongoing market uncertainty.