Feature article
2025 significant economic and property news so far
Economist weighs in on the 10 most recent events
AI summary
The property downturn appears over, with a slow recovery expected for 2025. While mortgage rates have dropped, the biggest falls may be past. It remains a buyer's market with high listings, though CoreLogic data shows values are slowly rising.
Sales volumes are projected to increase, and Debt to income ratio limits will be a background factor. Rents are likely to remain flat due to high supply, while 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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