Property Management

Turnaround in the market

John Paine of Global Pacific predicts a turnaround in the residential property market next year. "Annual net migration continues to fall from its peak in May due to fewer non-resident arrivals and an increase in resident outflow," he says. "The New Zealand Reserve Bank - albeit, I believe, pessimistically - expects net migration to fall to 10,000-15,000 in about two years. This doesn’t mean people

Monday, November 10th 2003

aren’t coming here. Short-term visitor arrivals continue to improve and tourism competes with dairying as New Zealand’s largest export sector. In all, expect a good summer. It’s on the cards that by winter interest rates and inflation will rise and prices for the average residential properties in average locations will stagnate or fall. There’ll be some bargains where these new residential investors have stretched themselves."
SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
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 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
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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