North Wellington Property Market update – 23rd March 2011 The median selling price is showing signs of some upward motion as 2011 unfolds. The stats don’t yet show the effects of the second Christchurch earthquake or the Japanese tsunami which has definitely had an impact on optimism and buyer confidence in recent weeks. The [...]
A lot can certainly happen in a month. It was only a few weeks ago that I discussed the possibility of interest rates remaining as they are until at least mid-2011 or possibly until September. However, last week’s tragedy in Christchurch has sparked several reports in the press speculating as to the impact of the [...]
This week the Reserve Bank raised the official cash rate for the first time since the global credit crunch hit home. This is significant as an indicator that the Government sees the light at the end of the recessionary tunnel. The economy appears to be recovering in a subdued way which is predicted to solidify [...]
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “The New Zealand economy is recovering broadly as expected and growth is predicted to pick up further through 2010. “Trading partner activity has recovered more quickly than we expected. Growth in Asia has been particularly [...]
