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Two OCR hikes are on the cards. Here's what nobody can predict yet
OCR rises are expected in October and December. Brad Olsen explains why 2027 is the bigger unknown for property.
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Economist Brad Olsen from Infometrics expects two more Official Cash Rate (OCR) hikes this year, in October and December. This is widely anticipated due to recent economic pressures, and the Reserve Bank's decision is unlikely to be swayed by the election.
While short-term rate rises are expected, the main uncertainty is the outlook for 2027. The property market's direction will depend on unpredictable factors like economic recovery and population growth, which will become clearer over summer.
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