House Prices

Beware of emerging markets

Every 10 years or so emerging markets seem to flash on to local investors' radar screens, but if the 1.3 per cent per annum performance of the IFC index during the past 10 years is any guide, it is unlikely that too many locals have got rich through this asset class.

Sunday, October 10th 2004

While today the sector's performance looks uninspiring, it hasn't always been so.

In the heady days of 1994, when two closed-end emerging markets specialist funds run by industry leader Templeton and British manager Foreign & Colonial listed on the NZ stock exchange, the IFC index boasted a return of 42 per cent in 12 months.

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Property sector still strong in Manawatu

Unity First Home Buyer special	3.99
SBS FirstHome Combo	3.99
TSB Special	4.39
Co-operative Bank - First Home Special	4.39
ICBC	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
ANZ Special	4.69
BNZ - Std	4.69
Wairarapa Building Society	4.79
Nelson Building Society	4.87
Westpac Special	4.89
Kiwibank Special	4.89
Co-operative Bank - Owner Occ	4.89
Unity Special	4.89
TSB Special	4.89

Kainga Ora	5.15
ICBC	5.19
Westpac Special	5.29
BNZ - Std	5.29
SBS Bank Special	5.69
Co-operative Bank - Owner Occ	5.69
TSB Special	5.69
ASB Bank	5.69
AIA - Go Home Loans	5.69
Kiwibank Special	5.79
Westpac	5.89

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
Kainga Ora	5.69
Kiwibank	5.75

House Prices

Beware of emerging markets

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