I heard on the radio the other day that more adult nappies are sold in Japan than those for babies or infants. Scary and just saying...........:-)
Announcement
Collapse
No announcement yet.
Interest Rates
Collapse
X
-
Originally posted by Meehole View PostI heard on the radio the other day that more adult nappies are sold in Japan than those for babies or infants. Scary and just saying...........:-)www.PropertyMinder.co.nz
# Property Management
# Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices
Comment
-
Kiwibank Pauses On Low Deposit Lending
24 November 2014
Originally posted by StuffKiwibank has temporarily closed the door on mortgage borrowers with
small deposits, after sailing too close to the Reserve Bank's
restrictions. Banks are not allowed to issue more than 10 per cent of
their new loans to borrowers with less than 20 per cent equity.
Lenders that breach the rules risk losing their banking licence.
Kiwibank spokesman Bruce Thompson said the bank had hit its own
self-imposed limit, which provided a safety buffer to the Reserve
Bank's 10 per cent.
Comment
-
NZ Banks being required to hold more capital will mean higher lending costs.
So, not so much what is happening here; but what is happening in Aussie.
Martien Lubberink asks just how well capitalised New Zealand’s major banks actually are
In case our Reserve Bank does not impose high requirements or restrictions on capital transfers, the Australian parent banks will find ways to repatriate capital.
Given the poor performance of Australian banks in the latest stress test, this may happen sooner rather than later.
As a result, the New Zealand subsidiaries may end up having less capital soon.
Comment
-
so economists feel nz has
too many with people with money in property
and not enough with money in the bank
the carrot and stick approach would be
to make property less attractive
and saving more
this is going to be tricky because property's %return has been much, much higher than term deposit rates...
1 of the advantages of money in the bank has been the ability to get it out quick
breaking a term deposit usually takes just minutes
much, much faster than selling property which usually takes at 4-40 weeks
however there now seems to be a move to remove this advantage of term deposits
Westpac and BNZ have already announced a compulsory one-month wait period for people accessing term deposits early
Other banks are expected to follow
who's smoking crack
to think that a 'stick and stick' approach will boost savers?
maybe smart savers will move to rabo bank?
a chinese bank?
or another property?Last edited by eri; 29-11-2014, 06:35 AM.have you defeated them?
your demons
Comment
-
Originally posted by eri View Postmaybe smart savers will move to rabo bank?
a chinese bank?
or another property?
Liquidity was one of the advantages I mentioned to them.
They are very happy with their decision, although not much around on the market these days.
Personally I don't have too much of a problem with a months notice being required.
As long as people are told up front, and given other options to consider.Last edited by speights boy; 29-11-2014, 07:01 AM.
Comment
Comment