Spring into action

Street view of houses in Auckland suburb

The latest data from Realestate.co.nz is showing that there are signs of the usual spring life in property sales happening.

In August, Realestate.co.nz received 7,729 new listings which are a 5.90% increase from July, and they are expecting this improvement to continue through until October. Even though the hike is still 11% lower than August last year, it is a good sign that some productivity is occurring in our economy.

It looks like the rate cut just before spring, along with the unexpected reduction in banks' servicing rates, has encouraged kiwis to upgrade or enter the market.

With rates as low as 3.25%, now is the best time to explore options and make smart financial moves.

How does this impact me?