Tuesday, Jun 20, 2006

New Zealand House Prices - Half That Of The UK But Still Cause For Concern

Place In The Sun: Auckland House Prices Hit Record High Despite Talk Of Softening New Zealand Property Market

Interesting round-up of what is happening in the New Zealand housing market where things appear to be at much the same point as they are in the UK - prices rising fastest in the capital, concern regarding over-borrowing, talk of softening market, etc., - only prices seem to be half of what they are here.

Posted by Peter Argot @ 02:40 PM (582 views)
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1. Jake The Muss said...

As well as ridiculously overpriced houses, NZ has the highest interest rates in the OECD (7.25%) and a massive balance of payments deficit (circa 9% of GDP!!). The $NZD is also beginning to weaken which is likely to add significantly to imported inflation. The export sector has a massive job on it's hands to avoid the NZ economy going into serious recession in the next 2-5 years.

Wednesday, June 21, 2006 12:25PM Report Comment

2. tyrellcorporation said...

Cool, if NZ goes to pot, I'm gonna snap up huge swathes of it with my big strong pound notes. I'm then gonna live like Tony Montana in a vast mansion with my own personal militia, heli-pad, vineyards, Ferraris and uber-babes. I can't wait... :)

I can hear TickTock's teeth grinding from hear! :)

Wednesday, June 21, 2006 02:45PM Report Comment

3. Jake The Muss said...

Tyrrellcorp - I'd be happy to line up the uber-babes for you, Merino or Romney?

Wednesday, June 21, 2006 04:16PM Report Comment

4. tyrellcorporation said...

LOL :)

Wednesday, June 21, 2006 07:11PM Report Comment

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