Misc

Softening in prices on way

Listed property trust and company share prices could be in for a softening after soaring for six months.

Thursday, December 02nd 2004

Analyst Mark Lister, of ABN-Amro Craigs, has warned of an approaching adjustment in listed property share and unit prices, sparked by a looming economic slowdown.

He said after a heady six months, during which property unit and share prices soared, the sector was fully priced.

But he stopped short of telling investors to sell shares or units, recommending instead they regard the stocks as a "hold".

"We believe the sector is at the top of the cycle, but we are reluctant to recommend investors exit their positions in New Zealand listed property vehicles on the basis of recent strong prices alone," he wrote in an eight-page analysis.

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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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