Comments on: Have your say: Mortgagee listings up 20% over November; sales hit new high in September

By: Nicholas Arrand

Nicholas Arrand — Mon, 23 Nov 2009 21:05:16 +0000

Thanks, jimmy;alex for yesterdays help.
Got better info. Sue got the figures ( amongst other details) transposed! Should have been $5.7m not $7.5 m ! But peace is regning in the family,again!

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104904295&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=61816089&s=vic&snf=ras&tm=1259010138

By: Brian

Brian — Mon, 23 Nov 2009 20:44:46 +0000

Hey Fellas,
The tone of this discussion is becoming lower and lower and not achieving anything remotely intelligent .
Get your brains up to speed.

By: ruru

ruru — Mon, 23 Nov 2009 20:31:38 +0000

ChrisJ: Why do journos interview another journo for an opinion when they could, in the old-fashioned so-last-millenium way, ask the people who have real expertise in the area? Unlike you, I do have respect for Bernard Hickey, but he’s an opinion broker, not the source of all wisdom, and that’s an art in itself. Journos could also stop looking for the definitive silver-bullet answer and accept there are shades of grey to every story. They could even (quelle horreur, it would require more than one phone call!) include more than one point of view in a story.

By: UK Kiwi

UK Kiwi — Mon, 23 Nov 2009 19:58:07 +0000

Bank Manager – The currency is obviously far from ideal sitting in my position. I would love to convert some GBP back to NZD but at the current exchange rate I think it would be an unwise move. I don’t proclaim to be a forex expert, but I think long-term it should bring itself back. I know BOE has been pumping out the QE, but NZ is hardly in a fantastic position itself. The e/r is not doing favours for Fonterra or tourism. Not coming back is a reality for a lot of my friends. I will always come back because it is home and I want to live there, but the way things are I am not in a hurry.

Wally – It certainly does have the ring of Ireland/Iceland my thoughts also, but if the worst financial crisis in living memory is not enough to bring things back to reality, I’m not exactly sure what will? A CGT or land-tax? Might slow it down for a year but it’s not going to break that ingrained NZ mantra I wouldn’t have thoughts.

By: Nicholas Arrand

Nicholas Arrand — Mon, 23 Nov 2009 19:57:24 +0000

The Bank Managers comment at 8.13am sums up nicely the problem that a debt fuelled property market poses for young New Zealanders, wherever they reside. An exchange rate driven ever higher by capital inflows to support a non productive enterprise is what most export businesses decry.