Originally Posted by
Baa_Baa
Might be rates sensitive but that doesn't line up, OCA, RYM, SUM all peaked at end August/early Sept but the 18th August OCR announce was no-change, and the +0.25 change in OCR didn't occur until 6th October. Property industry values have been going crazy upwards the whole time.
To be fair also, it might not be entirely the Covid thing either as NZ was already in Level 4 since mid-August and daily case numbers had peaked and were falling by end-Aug/early Sept. Level 3 didn't kick in until about 22nd Sep and after only a week of falling case numbers, it's been all upwards since.
So, what happened at the end of August that they all turned over simultaneously. I must've missed something, or forgotten.