The great bank switch

According to Kelvin Davidson of Cotality, borrowers face a delicate choice: fix mortgage rates for certainty or float to catch the cycle's bottom. Record numbers of Kiwis are switching banks, chasing generous cash-backs with low break fees.

Property sales are currently outpacing new listings, which could reduce buyer negotiating power if the trend continues. A more consistent market recovery is forecast for 2026, though new DTI rules will likely prevent another major boom.