Doesn't seem to be the case where I am (NZ). The official cash rate here has gone from 0.25 to 1.00 since August last year. In my city, there are now almost 2-3

Doesn't seem to be the case where I am (NZ). The official cash rate here has gone from 0.25 to 1.00 since August last year. In my city, there are now almost 2-3x times as many residential homes on the market as there were this time last year (when the market was booming). Stock is building up as time-to-sell goes through the roof. Things are getting very interesting.