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."

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Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
TSB Special 4.49
ICBC 4.49
Co-operative Bank - First Home Special 4.49
Unity Special 4.49
Kiwibank Special 4.49
SBS Bank Special 4.49
BNZ - Std 4.59
Co-operative Bank - Owner Occ 4.59
Kainga Ora 4.59
Unity Special 4.89
ICBC 4.89
BNZ - Std 4.89
Kiwibank Special 4.89
Kainga Ora 4.95
China Construction Bank 4.95
TSB Special 5.09
ASB Bank 5.09
SBS Bank Special 5.09
Nelson Building Society 5.09
AIA - Go Home Loans 5.09
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
TSB Special 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
ASB Bank 5.69
BNZ - Std 5.79
Kiwibank Special 5.79
Co-operative Bank - Owner Occ 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank Special 5.65
Kiwibank 5.65

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