colinrealestate

Not much has changed since I reported last month. The NZ OCR looks likely to remain as it is for much of if not all of this year and some are suggesting that if the Euro mess effects the UK market and in turn the downturns in both of those markets effect demand for Chinese-produced goods [appliances, cars, heavy engineering etc]…then export sale income into NZ could well slow, thereby effecting our economy resulting in a drop in the OCR aimed at encouraging us all to spend!

Sooner or later that decision on whether or not to fix a mortgage will confront us all, but that seems not to be likely for a while.

Filed under: REAL ESTATE | Tagged: Real Estate