House Prices

Moving for a better life - but at a cost

Judie Carter and her family moved from Australia to New Zealand recently for a better life, but she has been staggered by the number of interest rate rises and the cost of housing.

Monday, November 01st 2004

Reserve Bank governor Alan Bollard yesterday announced the sixth rise in the official official cash rate this year.

Mrs Carter said when they arrived she was amazed at the number of recent interest rate rises.

"Even though the Australian economy hasn't slowed down, the government made the decision not to put it up in the last quarter because often it takes a long time to see the ramification of rises. A couple of months is only short term and people still have pocket money in the bank."

Mrs Carter and her husband sold their home in Queensland for $A300,000 ($NZ325,800) and she says it has taken every penny to find a suitable house for them and their three boys in Island Bay.

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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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