Tweet
05/07/2010
While this article is about shares and equities, the economic situation is making the Banks extremely nervous about lending for property investment (as a generalisation).
IMHO, it is getting tougher for the average "Joe" to make ends meet and many are losing their homes.
Oil falls to 3-week low as recovery fears mount NZX-50 closes week on flat note NZ dollar gains against greenback Stalled development back on track Global woes keep market low Market flat at open Wall St falls on weak data Aussie dollar gains on US data Stocks to watch: July 2 Dollar claws back in overnight trade
With the global economy slowing, interest rates about as low as they can go, governments getting austere and banks being investigated for stress, it is getting harder for investors to keep putting on their bullish faces.
Heading into the first full week of the second half, investors are still committed to riskier assets such as equities and high-yield bonds in their portfolios, but are being battered with questions about whether this is the right stance.
With the global economy slowing, interest rates about as low as they can go, governments getting austere and banks being investigated for stress, it is getting harder for investors to keep putting on their bullish faces.
Heading into the first full week of the second half, investors are still committed to riskier assets such as equities and high-yield bonds in their portfolios, but are being battered with questions about whether this is the right stance.
While this article is about shares and equities, the economic situation is making the Banks extremely nervous about lending for property investment (as a generalisation).
IMHO, it is getting tougher for the average "Joe" to make ends meet and many are losing their homes.
Mortgagee sales still close to record highs
Jul 4, 2010
The pressure is still on the housing market, with mortgagee sales close to record highs.
Latest figures from Terralink show there were 246 registered mortgagee sales in April, compared with 250 for the same month a year ago.
The number is up 22 per cent on March.
Managing Director Mike Donald said this year's trend was similar to last year's and he expected property owners to continue to be under pressure for some time.
Auckland City and Northland fared worst in the latest figures.
Jul 4, 2010
The pressure is still on the housing market, with mortgagee sales close to record highs.
Latest figures from Terralink show there were 246 registered mortgagee sales in April, compared with 250 for the same month a year ago.
The number is up 22 per cent on March.
Managing Director Mike Donald said this year's trend was similar to last year's and he expected property owners to continue to be under pressure for some time.
Auckland City and Northland fared worst in the latest figures.