Jump to content
House Price Crash Forum
Sign in to follow this  
isv

Price Of Houses Will Drop, Says Reserve Bank Head

Recommended Posts

From today's New Zealand Herald:

===

Reserve Bank Governor Alan Bollard expects house prices to start falling by the end of the year as higher interest rates begin to bite.

...

"It takes longer for houses to come to market and longer for them to sell," Dr Bollard said. "Monetary policy is now having an effect and we feel more comfortable as a result of that."

===

And, not surprisingly, the estate agents disagree:

===

"Real Estate institute president Howard Morley said the property market was in positive territory and was likely to remain there."

===

Hmm... now who would I believe... the head of the estate agents trade body or the Govenor of the country's central bank...

http://www.nzherald.co.nz/section/story.cf...jectID=10388515

Share this post


Link to post
Share on other sites

From today's New Zealand Herald:

===

Reserve Bank Governor Alan Bollard expects house prices to start falling by the end of the year as higher interest rates begin to bite.

...

"It takes longer for houses to come to market and longer for them to sell," Dr Bollard said. "Monetary policy is now having an effect and we feel more comfortable as a result of that."

===

And, not surprisingly, the estate agents disagree:

===

"Real Estate institute president Howard Morley said the property market was in positive territory and was likely to remain there."

===

Hmm... now who would I believe... the head of the estate agents trade body or the Govenor of the country's central bank...

http://www.nzherald.co.nz/section/story.cf...jectID=10388515

The currency is taking a huge hit. Looks like they are propping up the economy with public-sector spending to avoid a full recession. Fortunately the UK has a prudent Chancer Chancellor so public-sector borrowing is under control. No need for panic.........yet. Coming to country near you soon!

Share this post


Link to post
Share on other sites

The currency is taking a huge hit. Looks like they are propping up the economy with public-sector spending to avoid a full recession. Fortunately the UK has a prudent Chancer Chancellor so public-sector borrowing is under control. No need for panic.........yet. Coming to country near you soon!

Isn't Brown supposed to decrease public spending in the next year to 2 years? I'm sure I've seen that (NHS anyone?)

Wonder what happens if we go into recession?

Edited by OzzMosiz

Share this post


Link to post
Share on other sites

Isn't Brown supposed to decrease public spending in the next year to 2 years? I'm sure I've seen that (NHS anyone?)

Wonder what happens if we go into recession?

We cannot have a recession because there's some bird called 'Prudence' balancing the books, init?

Share this post


Link to post
Share on other sites

Isn't Brown supposed to decrease public spending in the next year to 2 years? I'm sure I've seen that (NHS anyone?)

Wonder what happens if we go into recession?

He's said he aims to reduce it. But he wont - he'll rebrand it as 'investing'

And the B-T-Lemmings still pile in..... :lol::lol:

Economists had been predicting the demise of the market for four years but it still performed strongly.

Mr Morley said a recent survey of property investors showed that 90 per cent intended to increase their holdings over the next five years.

"This has shown real estate has been one of the better investments."

Not for much longer suckers!

Share this post


Link to post
Share on other sites

In NZ they rolled out all the same arguments against a crash we have in the UK. Now they are going to pay for this greed with high interest rates, a worthless currency and recession (if they're not already in one).

It will be a treat to go house-hunting here within a year or two. Nice bit of cheap ocean real estate anyone?!

.....and they're supposed to have a handle on the economy!!!!!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.