Tony Alexander provides his recommendations in relation to borrowing in the current market: “I would fix for two years at 5.4% with some of my mortgage left at the floating rate of 5.74%. I would do this because the two year fixed rate is nicely below the floating rate. The chances of the floating rate […]
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A simple dynamic for our continuing strong housing market is that we have a shortage of housing (largely Auckland). The shortage is exacerbated by lack of construction of new homes and funding for developers. At the moment, the buzz word is Auckland but with people trading stories of being out-bid at auctions, investors are looking […]
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The outlook by a leading economist is that there will be no change in interest rates until 2014. What influences our interest rates is a list too long to print, however, some of the key influencing factors are: how high the NZD goes, will it go higher? Other factors influencing interest rates are the uncertainty […]
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New listings rose during September with an increase of 7.6% on August but up only 0.3 when compared to September last year. The early spring property market continues to show signs of confidence and heightened activity. Confidence amongst sellers bringing their properties onto the market stabilised in September, with the truncated mean asking price steadying […]
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