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NZ Home Loans Cheaper Than Oz

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  • NZ Home Loans Cheaper Than Oz

    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->
    http://xtramsn.co.nz/money/0,,5486-2886745,00.html

    Best Regards

    Marc
    Free business resources - www.BusinessBlogsHub.com
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