Articles In ‘News’ Section
OCR Stays At 2.5 percent »
The latest news this morning from the Reserve Bank is that the OCR is unchanged and remains at 2.5 percent Alan Bollard, the Reserve Bank Governor said: "The outlook for the New Zealand economy remains consistent with the projections underlying the December Monetary Policy Statement." He continued with "Global activity continues to [...]
Tauranga, Auckland Among World’s Most Pricey »
This particular article caught my eye in the Herald today probably because of the fact that 3 of the places they talk about i.e Tauranga (basically the Mount), Auckland and the Gold Coast are where I am based. The article follows and I have interjected occasionally with my comments in italic and preceded with tpr: Tauranga is in the top 20 [...]
Property developer pleads poverty »
Property developer pleads poverty By GARRY SHEERAN - Sunday Star Times | Sunday, 01 February 2009 Property developer Dan McEwan is claiming debts of more than $100 million as he faces sentencing for breaking the Securities Act with two property schemes. The criminal convictions - two against McEwan personally and a further three against [...]
Good News Thursday »
We expect to keep the OCR at or below the current level through until the latter part of 2010. The OCR could still move modestly lower over the coming quarters." - Alan Bollard "Dwelling consent numbers fell in seasonally adjusted terms in March, with the number issued last month 30.4 percent lower than a year earlier. Statistics New Zealand [...]
Record month for FHOG in NSW »
First home buyers set a record in May with more grants paid out than ever before, NSW premier Nathan Rees said yesterday. With $178 million in grants and stamp duty cuts benefitting around 7,300 first home buyers across the state Mr Rees said May was the third record month for first home buyers in a row. Compared to the 3,859 grants [...]
Scarcity »
The number of new property listings declined for the third month in a row, with listings in May dropping a further 5 per cent on April, according to the property website Realestate.co.nz. The website's monthly NZ Property Report showed only 9993 new listings were added to the market in May, 29 per cent down on the same figure for May 2008, said [...]