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  • Originally posted by Gary Lin View Post
    I'm expecting rates to drop more =)
    Who knows!
    www.ilender.co.nz
    Financial Paramedics

    Comment


    • Originally posted by brokerman View Post
      Who knows!
      If the banks (who spend millions per year on interest rate assurers) are willing to give out lower and lower long term rates.

      Be sure long term rates will drop.

      Banks don't lose money. (When they do, tax payers bail them out)

      Comment


      • Originally posted by Gary Lin View Post
        If the banks (who spend millions per year on interest rate assurers) are willing to give out lower and lower long term rates.

        Be sure long term rates will drop.

        Banks don't lose money. (When they do, tax payers bail them out)
        Ain't capitalism grand! (tongue firmly in cheek)

        Craig

        Comment


        • Originally posted by Courham View Post
          Ain't capitalism grand! (tongue firmly in cheek)

          Craig
          That's just the rules of the game (capitalism).

          Kieran Trass calls the property game a casino, who hangs on the longest wins lol.

          Comment


          • Unless you're in Ireland or Japan, then you might end up the biggest loser

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            • Sure if the rules are be as irresponsible as you like, ignore all economic rules/principles and when it ll goes to custard renege ones belief in the free market and going crying to the gov't asking for a socialist style bail out when it all goes horribly wrong. The game is broken.

              The banks have a lot to answer for but as of yet are yet to be held accountable.

              Craig

              Comment


              • Originally posted by Damap View Post
                Unless you're in Ireland or Japan, then you might end up the biggest loser
                Well the property game is a casino.

                But different locations (where jobs are) are presented by the different tables or a different version of the game (poker vs texas holdem).

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                • Went to a Corelogic seminar today. The facts and figures are pretty emphatic in that Auckland grew 18% odd in last 12 months and next 12 expected to be 12 to 15%. Interestingly the main focus of Investors is central City Apartments. Only for the brave I say!
                  www.ilender.co.nz
                  Financial Paramedics

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                  • That would be largely foreigners surely who like apartments having grown up in them?

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                    • Originally posted by Damap View Post
                      That would be largely foreigners surely who like apartments having grown up in them?
                      Nope
                      Vast majority locals.

                      Apartment sales booming with Chinese buyers out in force

                      Comment


                      • Originally posted by Damap View Post
                        That would be largely foreigners surely who like apartments having grown up in them?
                        Well that's the questions really as there is no current reliable data, just lots of press scaremongering. However there is quite a lot of feedback from mortgage brokers suggesting that a lot of locals are buying Apartments by leveraging on their homes.
                        www.ilender.co.nz
                        Financial Paramedics

                        Comment


                        • Originally posted by brokerman View Post
                          a larger birdie just got 4.49% for 3 years!
                          Indeed! I believe BNZ will do that for 1, 2, and 3 years happily. This isn't a published special of course.

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                          • Originally posted by Neongreen View Post
                            Indeed! I believe BNZ will do that for 1, 2, and 3 years happily. This isn't a published special of course.
                            More secret squirrel!
                            www.ilender.co.nz
                            Financial Paramedics

                            Comment


                            • Originally posted by Gary Lin View Post
                              I'm expecting rates to drop more =)
                              Why did you fix for 1 year then rather than 6 months?
                              Next you'll be wanting to break.

                              Comment


                              • Originally posted by Wayne View Post
                                Why did you fix for 1 year then rather than 6 months?
                                Next you'll be wanting to break.
                                Because the 1 year rate is like 0.4% cheaper than the 6 month rate.

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