The great bank switch

According to Kelvin Davidson of Cotality, borrowers face a key choice: fix their mortgage for certainty or float to catch the bottom of the rate cycle.

Record numbers of Kiwis are also switching banks for generous cash-backs, a move often possible with low break fees. Meanwhile, property sales are outpacing new listings, which could reduce buyer negotiating power.

Looking ahead, modest price growth may return in 2026, but Debt-to-Income (DTI) rules will likely prevent another boom.