Turnaround in the market

John Paine of Global Pacific predicts a turnaround in the residential property market next year. "Annual net migration continues to fall from its peak in May due to fewer non-resident arrivals and an increase in resident outflow," he says. "The New Zealand Reserve Bank - albeit, I believe, pessimistically - expects net migration to fall to 10,000-15,000 in about two years. This doesn’t mean people

Monday, November 10th 2003, 12:46AM

by The Landlord

aren’t coming here. Short-term visitor arrivals continue to improve and tourism competes with dairying as New Zealand’s largest export sector. In all, expect a good summer. It’s on the cards that by winter interest rates and inflation will rise and prices for the average residential properties in average locations will stagnate or fall. There’ll be some bargains where these new residential investors have stretched themselves."

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Special Offers

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Lender

Flt

1yr

2yr

3yr

AIA - Back My Build

3.34

AIA - Go Home Loans

5.89

▲4.65

▲5.25

▲5.49

ANZ

5.79

5.29

5.89

6.09

ANZ Blueprint to Build

7.39

ANZ Good Energy

1.00

ANZ Special

4.69

5.29

5.49

ASB Bank

5.79

▲4.65

▲5.25

▲5.49

ASB Better Homes Top Up

1.00

Avanti Finance - Near Prime

6.35

Avanti Finance - Specialised

7.45

Basecorp Finance

6.35

Lender

Flt

1yr

2yr

3yr

BNZ - Mortgage One

5.94

BNZ - Rapid Repay

5.94

BNZ - Std

5.84

4.65

5.09

5.29

BNZ - TotalMoney

5.94

CFML 321 Loans

3.95

CFML Home Loans

6.05

CFML Prime Loans

6.25

CFML Standard Loans

6.95

China Construction Bank

6.44

4.85

4.95

China Construction Bank Special

6.44

5.85

5.95

Co-operative Bank - First Home Special

4.55

Lender

Flt

1yr

2yr

3yr

Co-operative Bank - Owner Occ

4.99

4.65

5.29

5.49

Co-operative Bank - Standard

4.99

5.15

5.79

5.99

Credit Union Auckland

7.70

First Credit Union Special

4.89

5.49

First Credit Union Standard

6.49

5.29

5.89

Heartland Bank - Online

5.30

5.89

Heartland Bank - Reverse Mortgage

7.99

Heretaunga Building Society

6.50

5.50

5.65

ICBC

5.39

4.49

4.89

5.15

Kainga Ora

5.79

4.59

4.95

5.19

Kainga Ora - First Home Buyer Special

Lender

Flt

1yr

2yr

3yr

5.65

5.39

5.79

6.05

Kiwibank - Offset

5.65

Kiwibank Special

5.65

4.49

4.89

5.25

Liberty

6.65

6.55

6.22

6.20

Nelson Building Society

6.49

4.69

5.09

Pepper Money Near Prime

6.55

Pepper Money Prime

5.99

Pepper Money Specialist

8.00

SBS Bank

5.84

▲5.29

▲5.79

5.75

SBS Bank Special

▲4.69

▲5.19

5.15

SBS Construction lending for FHB

3.74

Lender

Flt

1yr

2yr

3yr

SBS FirstHome Combo

3.29

▲4.19

SBS FirstHome Combo

SBS Unwind reverse equity

7.99

TSB Bank

6.59

▲5.39

▲5.99

▲6.29

TSB Special

5.79

▲4.59

▲5.19

▲5.49

Unity First Home Buyer special

3.95

Unity Special

5.79

4.59

5.09

Unity Standard

5.79

5.39

5.85

Wairarapa Building Society

6.15

4.79

▲5.29

Westpac

5.89

5.29

5.79

5.89

Westpac Choices Everyday

5.99

Lender

Flt

1yr

2yr

3yr

Westpac Offset

5.89

Westpac Special

4.69

5.19

5.29

Median

5.94

4.69

5.29

5.49

NZ's Financial Adviser News Centre

News

Turnaround in the market

Monday, November 10th 2003, 12:46AM

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