We expect to keep the OCR at or below the current level through until the latter part of 2010. The OCR could still move modestly lower over the coming quarters.” – Alan Bollard
“Dwelling consent numbers fell in seasonally adjusted terms in March, with the number issued last month 30.4 percent lower than a year earlier. Statistics New Zealand (SNZ) today said 1091 new dwellings were authorised in March, of which 104 were for apartments.” – NZPA
So what doe’s that mean for us property investors?
Lower Interest rates and declining dwelling consents….hmmmm good times if you ask me.