REINZ says the Reserve Bank held the Official Cash Rate at 2.75% on 28 October, giving buyers and sellers a period of stability after two increases since July. The Institute notes that borrowing costs are only one part of a property decision; affordability, personal circumstances and local market conditions also matter.
Its September figures show sales were down 11.6% year on year and the House Price Index was down 1.5%, with annual conditions diverging between the North and South Islands.
Source and credit: REINZ, 28 October 2026 — https://www.reinz.co.nz/Web/Web/News/News-Articles/News-Industry/REINZ_Reaction_OCR_hold_provides_stability_for_buyers_and_sellers.aspx?name=REINZ_Reaction_OCR_hold_provides_stability_for_buyers_and_sellers