The great bank switch

According to property economist Kelvin Davidson, borrowers face a delicate choice between fixing rates for certainty or floating to catch the cycle's bottom. Record numbers of Kiwis are also switching banks, chasing generous cash-backs with low break fees.

Meanwhile, property sales are outpacing new listings, which could soon reduce buyer negotiating power. Looking ahead, modest price growth is expected in 2026, though new Debt-to-Income (DTI) rules will likely prevent another market boom.