Bit of a dead cat bounce here or real value?
never got to 1.10 .... bugger...
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Bit of a dead cat bounce here or real value?
never got to 1.10 .... bugger...
Weekly update:
Attachment 13936
well Winner(n) hope that tide doesnt come in to quick. :eek2:
Interestingly the NZ 10 year has fallen off a cliff over the last week, down from 4.25% to 3.6% currently. Really quite remarkable.
Am I correct in thinking that given construction costs in general have increased by say 20 % over the past 12 months that existing property entities are due for re rating ?.
Yesterday I had a conversation with a construction foreman employed by one of the bigger commercial building companies in CHCH...he said more than one project was on hold...Im talking millions.
ANZ cutting 2 yr interest rate today from 5.8% down to 5.45%. Still not as low as heartlands 5.29% rate (which is online only), but perhaps the first sign that mortgage rates may not be heading too much higher any time soon. Also might be a bit of price discovery going on and maybe they had stretched the maximum margin over the OCR & wholesale rates that the market would tolerate.
ACC upping there holdings in PFI from 6.4% to 7.4%
http://nzx-prod-s7fsd7f98s.s3-websit...899/374165.pdf