FIXED RATES RISING, OCR BOTTOMED OUT, WHAT'S NEXT?
There’s a bit of movement out there this week. The OCR looks like it’s hit the floor at 2.25%, but Westpac has jumped ahead of the pack and lifted its 2-5 year fixed rates by 0.30%. That’s a pretty strong signal that long-term borrowing isn’t heading down from here.
Buyers right now are still very selective, but interestingly, they’re also showing a little more confidence to step forward and purchase. Enquiry levels are lifting, open-home conversations feel more purposeful, and quality homes in premium suburbs are still attracting serious attention.
A Quick Look at What’s Been Selling Locally
It’s been a busy few weeks across the inner-city suburbs:
11A Richard Street, Westmere Sold for $2,707,000
9 Arthur Street, Freemans Bay Sold for $3,450,000
2 Third Avenue, Kingsland Sold for $1,930,000
10 Edwards Road, Grey Lynn Sold for $2,850,000
13 Winsomere Crescent, Westmere Sold for $2,180,000
A real mix, but the constant theme is that well-presented, well-priced properties are still moving, even with the financial landscape shifting.
Heading Into Christmas & 2026
As we roll into December, it can actually be really useful to have a clear sense of where your property sits in the current market. A pre-Christmas appraisal gives you something concrete to chat about over the barbecue, on the beach, or while planning your 2026 goals.
