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- BNZ cuts most fixed mortgage rates 48
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Video: 10 reasons to be cheerful despite the eco-gloom
Bernard Hickey finds 10 reasons to be cheerful despite the economic gloom enveloping the planet. There are plenty of silver linings to the Credit Crunch, including lower prices and New Zealanders returning home.
10 reasons to be cheerful
1. Mortgage borrowers should celebrate Mortgage rates will be under 5% within 6 months
2. Petrol prices up but still well under $2 a litre
3. Housing becoming more affordable, 30% by end 09
4. House prices falling. Young buyers easier to get in
5. Exporters should celebrate NZ$ under 50 USc soon
6. Other prices falling (cars/land/clothes/gadgets)
Related Topics
7. Easier to find staff (Employer)
8. NZers likely to come home
9. Sun is shining
10. Alex Tarrant February 26, La Cages aux Folles, Auckland Musical Theatre, wearing high heels
3 Comments
Is it true Bernard? You
Is it true Bernard? You have now conceeded defeat and lowered your 30% house price drop prediction to only 5%. I am sure I read that somewhere in another thread here that you commented on the Stuff website that it now only looks like 5%.
I guess you have a good excuse for changing your mind given that long term fixed mortgage interest rates are now set to go well under 5%.
Alex Tarrant wearing high heels?
Alex Tarrant wearing high heels? - I would say that's a potential disaster if he's not used to wearing them :-)
Regarding 6. With the NZ
Regarding 6. With the NZ dollar diving, I don't believe this will be the case in the next few months, as retailers have already begun to raise thir prices for imported goods. Certainly that is the case for Cars and most other imported goods. Perhaps land prices will drop, but land is overpriced anyway, as are houses.