An OCR cut could be behind an incoming boost in property market activity.
The Reserve Bank's cut the Official Cash Rate by 50-basis points to 4.75%.
Banks have lowered home rates in response to the cut.
Finance Minister Nicola Willis is celebrating the move as fantastic news and sees it as a sign inflation is under control.
LJ Hooker's Campbell Dunoon told Ryan Bridge this year's market has been cautionary
He says the stock has been there, and this will give buyers a nudge to participate.
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