The tide has stopped rushing out waltz ....its turned big time ..... and will the waves will wash ashore to the excitement of those waiting ..... but they would have missed out on the best part of the bounce
Translation - its all up from here
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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.
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.
You are correct. Replacement costs rise and existing buildings will always follow.
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.
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Originally Posted by Waltzing
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