Articles In ‘News’ Section
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 [...]
As trucking goes, so goes the economy »
2009.05.14 06:05:43 Are you waiting for the signal that the economy is recovering? Well there have been signs however take a read of this article, it provides some interesting insight into another way of looking at what is happening. So on my trips up to Auckland each fortnight I notice more and more trucks on the road. What have you [...]
WHY RATES ARE NOT TUMBLING »
2009.05.13 01:02:40 FROM STUFF.CO.NZ OPINION Many people will be wondering why it is that the Reserve Bank can cut its official cash rate 0.5 percent yet banks only cut their interest rates by tiny amounts. In fact the only cuts registered have been for the likes of six month fixed rates with no major bank cutting floating rates. There are two [...]
Blue Chip Victims »
2009.05.12 12:20:38 The hopes of around 250 Blue Chip victims are riding on a six-week High Court hearing, which began today. Barrister Paul Dale has brought before the court 34 representative cases of investors who lost money when the property investment scheme collapsed last year. The investors borrowed against their homes to put funds into [...]
