Today I took the time to have a look at a few of the headlines that have made their way through to the news over the last few days.
It makes for bleak reading mostly but there are the odd good bits of news.
Out here on the barrier you would not think there was a global credit crisis or a property market that has just crashed. The big boats keep rolling into Fitzroy harbour like money is no objetc.
I guess the indicated drop in the official cash rate of another 1% has got people excited again with the prospect that interest rates will come down.
I expect to see some activity with investment property in the new year as the very low cost to hold property will once again make it the darling of Ozzies and kiwis.
Any way just for fun here are a few of the headlines I found from the last few days.
New Zealand’s economy shrank at twice the pace predicted by the central bank in the third quarter
The recession is probably only halfway through and the Reserve Bank may slash official interest rates from 5 per cent to 4 per cent next month
New Zealand’s economy shrank at twice the pace predicted by the central bank in the third quarter, raising the prospect of more interest rate cuts to revive the worst slump in 10 years
The New Zealand sharemarket has been hammered this year by global economic turmoil but one stock not caught in the net is fishing company Sanford
Nine directors of failed finance companies Bridgecorp and Nathans Finance face having to pay $500,000 each in compensation to investors if new court action is successful
Eight houses valued at more than $12 million on neighbouring sites in the Auckland seaside suburb of St Heliers have been sold in one of the country’s most unusual real estate deals.
Auckland’s swanky Herne Bay has become the first suburb in New Zealand where the average house price has broken the $2 million barrier.
A Government agency has banned Auckland property developer, model and former policeman Jason Peters from being in business for reckless trading.
If there’s one mistake Andrew Krukziener will admit to, it is turning down a $14 million offer to buy the land the Metropolis tower now stands on – a week after he’d paid $11 million for it.
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