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.
Roadworks on SH1 between Hampton Downs and Rangiriri
From 7 to 18 December, there will be night-time closures on SH1 between Hampton Downs and Rangiriri (Sundays to Thursdays, 9pm to 5am) to carry out wire rope barrier maintenance. Please expect delays when travelling through this area.
Poll: Should we be giving the green light to new mining projects? 💰🌲
The Environmental Protection Authority announced this week that a proposed mine in Central Otago (near Cromwell) is about to enter its fast-track assessment process. A final decision could come within six months, and if it’s approved, construction might start as early as mid-2026.
We want to know: Should mining projects like this move ahead?
Keen to dig deeper? Mike White has the scoop.
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53.1% Yes
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46.9% No
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