Opinion

Cow cockies go coastal

Friday, February 08th 2008

I wondered if Tony Alexander had been reading the NZ Property Investor Magazine after I read this latest economic note.

In there Tony, who is BNZ’s chief economist, wrote a piece about how coastal property prices may be directly related to the fortunes of the dairy industry.

February’s issue of NZ Property Investor has a piece saying just the same thing. What’s happening at the moment is that diary farmers have so much money they are looking for places to park it. One option is to buy a coastal property as an investment and uses the losses for tax purposes.

The drawback now though, is that the drought is negating the impact of higher milk solid payouts and therefore farmers won’t be that much richer after this season.

Obtaining finance a strictly Auckland issue

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SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
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	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

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