Housing Market 2024 Interest Rates Nz. But interest rates are already high, with many kiwis finding it difficult to pay back their home loans. Anz bank has changed its official cash rate forecast, predicting the first cut to land in february, rather than may 2025.

An august 2021 reuters poll of 11 property market analysts predicted a 5% nz house price. Lower interest rates may take time to ripple through the housing market.