Interest rate rises fail to deter investors
Monday 1 November 2004
Residential property consultant Hybrid Group claims investors undeterred by rising interest rates as another hike tipped
By The LandlordProperty investors claim they will still be be buying houses, even if interest rates rise again today.
The Reserve Bank is carrying out its review of the Official Cash Rate.
Economists are unanimously picking the OCR will be lifted for the sixth time this year, bringing it to 6.5 percent.
Residential property consultant the Hybrid Group say a survey has found 87 percent of property investors intend to buy within the next 12 months.
Read More - Opens in a new window
Commenting is closed
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.