Property Management

Slowdown - what slowdown?

You’d be hard-pressed to read much of a slowdown into the latest housing market figures....

Friday, May 23rd 2003

Darren Gibbs, senior economist at Deutsche Bank, also attribute’s the declines in activity in April to the "Easter" factor – it fell partly in March last year but was all in April this year.

"The housing market remains a significant source of strength for the New Zealand economy at a time when a number of external factors are acting to push growth below trend," Gibbs says.

"Further reductions in interest rates and robust migrant inflows are expected to ensure the housing market undergoes only a modest slowdown in activity over the coming year," he says.

He is predicting the Reserve Bank will cut the Official Cash Rate (OCR) by 50 basis points to 5% in June and by a further 25 points in July.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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