- OCR 5.50% - Official Cash Rate remains unchanged
- First Home Grant is no longer available for applications: Kianga Ora is no longer supporting new applications for the FHG. However, those currently in progress or with pre-approved grants will still be eligible for the FHG benefits for a duration of 6 months.
- Increased activity among movers: Figures from CoreLogic NZ’s May Housing Chart Pack revealed the share of property purchases by movers edged up to 27% in April from 26% in Q1 2024.
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