House Prices

Equities a winner for some punters - Mary Holm

Q. I see you still have many correspondents desperate to prove property is the only wealth-creation saviour. Good luck to them.

Monday, March 08th 2004

Over and above our debt-free home, my partner and I are still young enough to carry equity risk, and we prefer equities.

So, if your correspondents think that property has just had a great year, all I know is that with one month left in this tax year our portfolio, consisting largely of diversified share investments in NZ and overseas (without any gearing), has delivered more than 30 per cent post-tax in this tax year.

Yes, our portfolio lost nearly 16 per cent in value last year, but that is the only year in the last eight that this has happened. The average return, with no borrowing risk, over the eight years exceeds 10 per cent per annum.

Using your rule of 72, I believe this implies that we have doubled our original capital in this time frame. I'm happy with that.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
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 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
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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