House Prices

The good times roll

This year has begun as last year ended; the good times continue to roll.

Sunday, April 04th 2004

In the first quarter of the year, an investor with a balanced portfolio - as used by the average pension fund - would have enjoyed a gain of 2.8 per cent before tax and fees.

The return for the 12 months to the end of March - 15.2 per cent - appears the best for some time, although, looking back over three years, most portfolios will still be underwater after fees and tax.

As the graph shows, each of the major investment classes made a positive contribution this quarter.

Highlights included the Japanese market, which stormed away, rising 14.4 per cent on confidence that deflation is a thing of the past and renewed hope that corporate Japan is now managed for shareholders ahead of anyone else.

The global listed property index rose 11 per cent in the three months as investors, particularly in the US and Europe, aggressively chased yield. That should please the NZ Superannuation Fund, which is putting some money into listed property.

In contrast, the New Zealand listed property index rose only 2 per cent in capital terms, though it now offers one of the developed world's highest yields on securitised property.

Read More - Opens in a new window

Most Read

SBS FirstHome Combo 4.29
Unity First Home Buyer special 4.29
Co-operative Bank - First Home Special 4.85
China Construction Bank 4.85
TSB Special 4.89
ASB Bank 4.89
Kiwibank Special 4.89
Westpac Special 4.89
Kainga Ora 4.89
BNZ - Std 4.89
AIA - Go Home Loans 4.89
Nelson Building Society 4.93
Westpac Special 4.95
BNZ - Std 4.95
China Construction Bank 4.95
Wairarapa Building Society 4.95
Kiwibank Special 4.95
AIA - Go Home Loans 4.95
TSB Special 4.95
ANZ Special 4.95
ASB Bank 4.95
SBS Bank Special 4.95
SBS Bank Special 5.39
Westpac Special 5.39
Co-operative Bank - Owner Occ 5.59
ASB Bank 5.59
BNZ - Std 5.59
BNZ - Classic 5.59
AIA - Go Home Loans 5.59
Kainga Ora 5.69
Kiwibank Special 5.79
ANZ 5.79
TSB Special 5.89
SBS Construction lending for FHB 3.94
AIA - Back My Build 4.44
CFML 321 Loans 4.99
Co-operative Bank - Owner Occ 5.95
Co-operative Bank - Standard 5.95
Heartland Bank - Online 5.99
Pepper Money Prime 6.29
Kiwibank - Offset 6.35
Kiwibank 6.35
TSB Special 6.39
China Construction Bank Special 6.44

More Stories

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Leaving last year's stumbling housing market behind

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.