Developers buoyed as latest OCR cut fuels growing optimism
One Waikato property developer who went from selling zero homes in the first half of last year to 68 in the latter half after the first Official Cash Rate drop sees the latest big cut as set to fuel some much needed optimism.
When the Reserve Bank sliced another 50 basis points off the OCR on Wednesday, bringing it down to 2.5%, developers across the region felt the lift.
Poll: Have you tried this spot?
Tucked in the heart of Matamata’s farming and industrial business area, Pepper Street Kitchen defies expectations.
The cafe is owned by contracting giant J Swap and located in their Matamata workshop. Originally it was set up just for employees about six years ago, but once word got out around town about the stellar food they switched to the commercial operation.
Have you tried this spot? Tell us more in the comments (adding NFP if you don't want your words used in print).
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0% Yes
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100% No
One size fits all rates cap model ‘unworkable’, says Waipā DC
Waipā District Council says the government’s “one size fits all” proposal to cap rate rises could disproportionately harm fast-growing councils such as Waipā.
On Wednesday, Strategic Planning and Policy committee members debated the council’s submission on the proposed rates cap model.
Time to Tickle Your Thinker 🧠
If a zookeeper had 100 pairs of animals in her zoo, and two pairs of babies are born for each one of the original animals, then (sadly) 23 animals don’t survive, how many animals do you have left in total?
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