The Reserve Bank has delivered a deeper than expected Official Cash Rate cut, dropping 50 basis points to 2.5%‍

In even better news for buyers, the five major banks quickly followed suit, lowering mortgage rates by up to 40 basis points across both short and long-term loans.

With cheaper finance options now in play, we expect to see buyer confidence rise - particularly in high-demand areas like Birkenhead.‍

For investors, the combination of lower borrowing costs and rising rental demand (driven by Auckland’s growing population) makes this an ideal moment for a savvy step in the property market. ‍

Why is this such good news for people buying a Chelsea Rise apartment off the plans?
‍Securing an apartment at today’s prices with a 10% deposit, and locking in the new low interest rates for the remainder to be paid on settlement, could deliver strong capital gains by completion.

Apartments are selling quickly, but we do still have excellent options available across our 1, 2, and 3 bedroom configurations. Talk to our team about how to make the most of this financial landscape.

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