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	4.09
ICBC	4.49
Co-operative Bank - First Home Special	4.55
Kainga Ora	4.59
BNZ - Std	4.65
Co-operative Bank - Owner Occ	4.65
AIA - Go Home Loans	4.65
ASB Bank	4.65
TSB Special	4.69
SBS Bank Special	4.69
Nelson Building Society	4.69

China Construction Bank	4.95
Kainga Ora	4.95
ICBC	4.99
Nelson Building Society	5.09
BNZ - Std	5.19
SBS Bank Special	5.19
Westpac Special	5.19
ASB Bank	5.25
AIA - Go Home Loans	5.25
TSB Special	5.25
Kiwibank Special	5.29

ICBC	5.65
Kainga Ora	5.69
Westpac Special	5.79
BNZ - Std	5.79
SBS Bank Special	5.79
Co-operative Bank - Owner Occ	5.89
ASB Bank	5.89
AIA - Go Home Loans	5.89
Kiwibank Special	5.99
TSB Special	5.99
China Construction Bank	5.99

AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Standard	4.99
Co-operative Bank - Owner Occ	4.99
ICBC	5.39
Kiwibank	5.75
Kiwibank Special	5.75
Kiwibank - Offset	5.75
TSB Special	5.79
ANZ	5.79

Property Management

Business leader warns against rising house debt

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