End of downturn not the same as start of upturn

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Inflation dropped in Q1, which is great news for everybody. The guys run through the latest data, the risk of any suprises in the coming quarters, and of course what it means for the official cash rate and mortgage rates.

They then quickly cover off the latest rent figures, before a discussion of the signs that this housing market downturn may be on its last legs (for better or worse, depending on your perspective). But there's also a long list of reasons why the end of the downturn won't suddenly give way to another upturn.

There's finally the usual run-through of upcoming data, including the NZAC, business and consumer confidence, filled jobs, and mortgage lending.

And they also manage to cover off a recent story about asking prices vs final selling prices: https://www.stuff.co.nz/business/131813174/property-owners-selling-for-395k-below-asking-price-on-average--corelogic

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