26/02/2026
February Market Wrap!
Moving further into 2026, the market continues to feel steady.
The Reserve Bank’s February announcement confirmed that the Official Cash Rate will remain at 2.25%. This means changes to mortgage rates will continue to be influenced by global and wholesale (swap) rates rather than the OCR itself.
Inflation is expected to trend back towards 2% over the next 12 months, which should give some relief to the cost of living. We’re also seeing economic growth, with lower interest rates supporting household and business spending.
In the property space, Cotality’s January Home Value Index shows that the national median property value in New Zealand is $802,617. Here in Christchurch, the average value is currently $684,714.
What does this mean for you?
Reviewing your personal circumstances and goals is important when making financial decisions. Many of my clients are currently seeing value in considering 2-3 year fixed rate options.
With wholesale rates trending upwards and the OCR expected to increase over time, it’s worth considering where rates may be when short-term fixes expire. Locking in longer could protect you from higher rates and provide stability.
Economists are still predicting a 10% rise in property sales this year, and a potential 5% rise in the national median values. Activity across the market is increasing, creating opportunities for both buyers and sellers, including first-home buyers.
Right now, I’m helping my clients in three key areas:
👉Refix - Could breaking and refixing put you in a better or more stable position?
👉Refinance - Are you with the right lender? Cashbacks and product differences can make a move worthwhile.
👉Restructure - Is your loan set up to improve your cashflow, reduce interest, and support your goals?
Want me to run your numbers, review your options, or talk through your first or next move? I’m here to help.
Call Melissa Rothman
Your Local Mortgage Adviser
022 635 0458
[email protected]
