New Zealand's biggest bank, ANZ, has downgraded its forecast for property prices this year.

It says its previous forecast of 5% is looking unrealistic as the OCR looks to be making a turn soon and market prices are already falling - now saying a 2% rise is more likely.

Meanwhile, economists are laying out their predictions for when we'll see the OCR make that turn.

Many say it won't be until 2027, but some are predicting a rise as soon as the second half of this year.

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Normally when property comes up in discussion, it's focused on the plight of the youngsters who are fighting to get on to the property ladder. But today, we're switching it up a bit.

Your house is likely the most expensive thing you own, that applies for everyone who's lucky enough to own one. So how do you manage your money with it?

How old is too old to be investing in property? Are you worried that you've left it too late? At what point does it stop being worth it?

Managing director of property investment company Opes Partners Andrew Nicol joins Tim Beveridge to give advice on property investment.

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The no-consent granny flat law changes came in this week.

That means you can build an up-to-70sqm dwelling in your backyard without having to ask the council if you're allowed to.

Getting one set up on your property would set you back at least $200,000, but the question on minds of anyone with enough space for something like this is - how much value will it add?

They can be rented out for a bit of passive income - but it may not be worth the trouble of getting it fit to rent.

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