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-percent.

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's under control.

LJ Hooker's Campbell Dunoon says this year's market has been cautionary

He says the stock has been there - and this will give buyers a nudge to participate.