House Prices

Who's Smiling Now?

It's hardly surprising to hear a real estate agent hype property. But a Wellington agent should have checked his facts before telling a national magazine recently, "Quite frankly, other investment alternatives aren't looking very healthy. People are looking at the yields, and property wins every time."

Saturday, October 11th 2003

Oh yeah! So what's unhealthy about a 34 per cent gain since early March - close to an annual rate of 60 per cent?

That's how the index that measures much-maligned international shares has performed. And it doesn't include dividends.

Sorry, mate, but it makes house prices, which grew 14 per cent in the year to June, look like snails.

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Unity First Home Buyer special 6.55
SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Co-operative Bank - First Home Special 6.94
Wairarapa Building Society 6.95
TSB Special 6.99
Unity 6.99
ICBC 7.05
China Construction Bank 7.09
ASB Bank 7.14
ANZ Special 7.14
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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