Feature article
The great bank switch
Why record numbers of Kiwi are chasing cash-backs
AI summary
According to property economist Kelvin Davidson, record numbers of Kiwis are switching banks for generous cash-backs. Homeowners also face a delicate choice: fix their mortgage for certainty or float to catch the bottom of the interest rate cycle.
Meanwhile, property sales are outpacing new listings. If this trend continues through spring, buyers may lose negotiating power. A more consistent recovery is possible in 2026, though new Debt-to-Income (DTI) rules will likely prevent another housing boom.
The borrower's dilemma: to fix or to float?
The great bank switcheroo
Spring listings vs. sales
Outlook for 2026
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