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Shocking news from the CEO of New Zealand’s ANZ bank David Hisco where he essentially warns of the New Zealand housing bubble bursting.
When I got home the other night I found a note from a real estate agent saying she had buyers for properties in my street.
As any Auckland house-hunter can testify, there are slim pickings at the moment — it’s something I mentioned a few months back when the trend started to emerge. But the shortage of houses for sale has become a lot worse, leaving wannabe buyers starved of choice and at least some real estate agents scratching around for something to sell.
The Property Council has welcomed Labour’s plan to build 100,000 affordable houses over 10 years and sees it as a game-changer in alleviating the housing affordability crisis.
Under the opposition party’s plan, half the homes will be built in Auckland and
Quite agree with Max Keiser here, although I might not have announced it with so much excitement. If you have shares in Deutche Bank – sell them now. If you …
For a man who routinely says that throwing money at problems is not the answer, Prime Minister John Key’s $1 billion offer to help solve the country’s housing crisis is a huge U-turn.
It’s a common misconception that banks use their savers’ money when making loans to people such as you and I to buy something we don’t have the cash for.
In reality, the money we borrow is created by the banks out of thin air at the time it is borrowed.