Campbell Dunoon: LJ Hooker Group Head of Network NZ on the impact of the OCR cut on the property market - Early Edition with Ryan Bridge

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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