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New Zealand and Australia's banks lower home loan rates, likely boosting property prices.
New Zealand banks are lowering home loan rates, with ANZ and ASB both offering a two-year fixed rate of 4.99%, amid increased competition.
In Australia, over 50 lenders, including major banks, are cutting variable home loan rates by 0.25 percentage points following the Reserve Bank of Australia's decision to lower the cash rate.
This is expected to boost property prices, with Sydney and Melbourne seeing strong increases in dwelling values.
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Los bancos de Nueva Zelanda y Australia bajan las tasas de los préstamos hipotecarios, lo que probablemente impulse los precios de las propiedades.