Commercial

Fields of gold

After nearly 20 years selling rural real estate, Bill Symonds has seen his fair share of ups and downs.

Monday, May 31st 2004

As the high dollar began to bite late last year he, like many in the rural sector, was prepared for the economic fallout.

Six months later he is still waiting.

"The downturn hasn't happened and I don't think it will happen," he says.

"Commodity prices have ups and downs but we've had strong demand for five years now. It's still strong. We've got more buyers than sellers."

Symonds - who is based at Te Kuiti and specialises in large sheep and cattle farms - is convinced that this long boom is sustainable.

"Buying a farm is not about a short-term investment. Most of the people I deal with are in for the long haul," he says. "There is long-term confidence."

It's not hard to find experts to back up Symonds' gut feeling.

Read More - Opens in a new window
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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