June Market Update: OCR Drop, Shifting Rental Trends, and Key Takeaways for Property Owners

Welcome to June!
May brought a wave of news and updates that matter if you’re a property owner, investor, or simply keeping an eye on the market. From interest rate shifts to rental trends and Budget updates, here’s what you need to know.

OCR Drop – Is It Time to Refix or Stay Put?

The Official Cash Rate (OCR) has dropped again — a move that didn’t shock the banks (most had already priced this in), but it’s still stirring plenty of conversation among investors and homeowners.

Property economist Tony Alexander suggests that a three-year fixed mortgage rate around 4.99% could be a sweet spot for many borrowers, depending on your goals and timeframe.

If you’re currently debating whether to refix, refinance, or simply stay put, we recommend reading this insightful article by Kris Pedersen:
How to Decide Between Refixing & Refinancing Your Mortgage
It’s a great practical guide for navigating your next step.

Letting Market: Slower, Tougher, and Tenants Are Pickier

Over the past few months, we’ve been watching the rental market shift — and May really cemented the trend. Instead of competing over limited stock, tenants now have more choice than we’ve seen in years.

That means:

• More listings on the market
• Longer decision times
• Requests for price reductions or property improvements before signing
• Greater pressure on property owners to stand out

We’re still getting properties rented, but it’s hard yakka right now. Our team is throwing everything we’ve got at it:

• Strong, tailored marketing
• Well-timed pricing adjustments
• Meeting tenant expectations head-on

In some areas, rents are softening, and renewals are worth gold. Our advice? Hold your good tenants and revisit rent reviews in the New Year when conditions may be more favourable.

Thinking of Selling? Choose Your Agent Wisely

Many property owners reach out to us when they’re considering a sale — and the number one question we get is:

“How do I choose the right sales agent?”

It’s an important decision — after all, your property is one of your biggest assets. Yet too often, the agent is chosen in haste, without digging into commission structures, marketing plans, or negotiation terms.

We loved this guide and think it’s worth your time:
Real Estate Agents Unveiled: A Lawyer’s Practical Guide to Selection and Collaboration
It’s full of practical advice on choosing, negotiating, and collaborating with your agent for the best outcome.

2025 Budget Recap – Cuts and Caution

The 2025 Budget arrived without fireworks — but with a clear tone of caution and cutbacks. While some infrastructure and housing projects remain on track, overall spending has been pared back across many sectors.

If you want the big picture in one place, check out the official summary:
NZ Budget 2025 – Summary and Key Takeaways

Wrapping Up

The market’s moving, and so are we — staying agile, informed, and focused on protecting your investment while delivering the best outcomes possible.

If you’d like to talk through how these updates affect your property, we’re just a phone call or email away.

Reach out any time. We’re here for you.