Feature article
2025 significant economic and property news so far
Economist weighs in on the 10 most recent events
AI summary
The 2025 property market is entering a slow recovery, with the price downturn appearing to be over. While mortgage rates have dropped, the biggest falls may be behind us. It remains a buyer's market with high listings, though property values are beginning to rise modestly.
Sales volumes are projected to increase, with investors potentially becoming more active. Debt-to-income (DTI) limits will be a factor but aren't expected to halt the recovery. Rents may stay flat, and the construction sector shows signs of bottoming out.
1. Mortgage rates have continued to drop but the biggest falls might be behind us
2. Global conditions remain uncertain and inflation risks are worth watching
3. Weighing up floating/short-fixes versus longer-term rates
4. Little near-term effect from Adrian Orr’s resignation
5. Buyer’s market could prevail for some time yet
6. But property values could begin to rise more consistently
7. Sales volumes to rise and all buyer groups to purchase more properties
8. Debt to income ratio limits will at least become ‘part of the conversation’
9. Rents to remain fairly flat for a while yet
10. Builders to have a slightly better year
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