Property Management

Business leader warns against rising house debt

Current "haywire" growth in the middle sector of New Zealand's housing market is not sustainable, a Canterbury business leader warned in Blenheim yesterday.

Thursday, December 11th 2003

Canterbury Employers' Chamber of Commerce chief executive Peter Townsend said the country's high household debt levels could cause havoc if interest rates suddenly increased.

"If we're going to play around in the housing market we have to be very careful. If interest rates rise, there could be an avalanche of problems in housing."

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Apartment demand still building

Unity First Home Buyer special	3.99
SBS FirstHome Combo	3.99
ICBC	4.25
TSB Special	4.39
Co-operative Bank - First Home Special	4.39
SBS Bank Special	4.49
Unity Special	4.49
ANZ Special	4.49
Westpac Special	4.49
Kiwibank Special	4.49
Co-operative Bank - Owner Occ	4.49

Kainga Ora	4.49
ICBC	4.59
Nelson Building Society	4.67
Unity Special	4.69
ANZ Special	4.69
BNZ - Std	4.69
Wairarapa Building Society	4.79
Westpac Special	4.89
SBS Bank Special	4.89
Kiwibank Special	4.89
Co-operative Bank - Owner Occ	4.89

ICBC	4.99
Kainga Ora	5.15
Westpac Special	5.49
ASB Bank	5.69
TSB Special	5.69
BNZ - Std	5.69
SBS Bank Special	5.69
Co-operative Bank - Owner Occ	5.69
AIA - Go Home Loans	5.69
Kiwibank Special	5.79
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	5.65
Kainga Ora	5.69

Property Management

Business leader warns against rising house debt

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