Hi all,
This is an interesting bit of news...
New Zealand home loans are now cheaper than those available across the Tasman.
Australia's central bank announced a 25 basis points hike to 5.25 percent while New Zealand has held firm at five percent.
A Wizard home loans study reveals Australians are preparing for more interest rate hikes.
Wizard head John Grant says most of them realise circumstances have been exceptional.
He says for a number of years, Australia's rates have been lower than that of New Zealand, but he says the tables have now turned.
But Mr Grant believes kiwis have a similar attitude and are prepared for interest rate movements in the New Year.
Source->
Best Regards
Marc
This is an interesting bit of news...
New Zealand home loans are now cheaper than those available across the Tasman.
Australia's central bank announced a 25 basis points hike to 5.25 percent while New Zealand has held firm at five percent.
A Wizard home loans study reveals Australians are preparing for more interest rate hikes.
Wizard head John Grant says most of them realise circumstances have been exceptional.
He says for a number of years, Australia's rates have been lower than that of New Zealand, but he says the tables have now turned.
But Mr Grant believes kiwis have a similar attitude and are prepared for interest rate movements in the New Year.
Source->
Best Regards
Marc