• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 10 of 10
  1. #1
    Join Date
    Jul 2003
    Location
    Kapiti in New Zealand
    Posts
    4,031

    Default Australian exposure to New Zealand banks

    Free business resources - www.BusinessBlogsHub.com

  2. #2
    Join Date
    Aug 2003
    Posts
    7,609

    Default

    Great - made sense to me. Let's get it happening.

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  3. #3
    Join Date
    Sep 2008
    Posts
    7,557

    Default

    1'10" to 1'17"

    "a severe and protracted recession in nz could easily lead to a 50% fall in house prices"

    ouch!
    have you defeated them?
    your demons

  4. #4
    Join Date
    Dec 2008
    Location
    Wellington
    Posts
    76

    Default

    This was an interesting video - thanks for posting it.

    Another call for a common currency - economically New Zealand is essentially an off-shoot of Australia, its about time we had a common currency even though I expect most NZ'ers would hate it.

    If we do have a major recession, causing wide-spread unemployment, of course house prices will plunge. If no one has work they can't afford to borrow etc etc. The million dollar question is how severe will the recession be.

    I'm now moving away from future purchases in NZ and starting to look to Oz. NZ is just to risky - the economy is so small and there is far to much chance of something like foot and mouth turning up and wiping us out economically.

  5. #5
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    Thanks Marc.
    I despair at these economists. What about addressing the real issues?
    For example, where is money created? With the US$ as the main reserve currency of the world, the Fed creates money, and countries like NZ pay the interest on it.

    A common NZ/Oz currency. It's irrelevant nick-picking.

  6. #6
    Join Date
    Aug 2003
    Posts
    7,609

    Default

    Quote Originally Posted by Steve Netwriter View Post
    Thanks Marc.


    A common NZ/Oz currency. It's irrelevant nick-picking.
    Umm maybe - I suppose people feel we can do something to predict our fate.

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  7. #7
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    IMO if we want to be masters of our own fate we need to first recognise the negatives of the current debt-based interest bearing fiat money system which is just draining NZ dry. I think you know that's true. That's why their are so many discussions about how to keep NZ assets owned by us.

    Then we need to start using a better system. In this current situation complementary currencies look like the best bet.
    We have the chance of being world leaders in this. Unfortunately I am skeptical that we will take on the challenge.

  8. #8
    Join Date
    Sep 2008
    Location
    Tauranga
    Posts
    1,518

    Default

    Shallow analysis of the situation and he should be more concerned about Aussie than NZ. Numbers are much bigger there and they are still running an economy run by the unions and counting export receipts that will not eventuate.

  9. #9

    Default

    Very Informative posts thank you
    It is a global thing all of this things happening it's sad that right now it's in NZ.
    May the market recover soon...

  10. #10
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,737

    Default

    Quote Originally Posted by InvestmentGuru View Post
    Very Informative posts thank you
    It is a global thing all of this things happening it's sad that right now it's in NZ.
    May the market recover soon...
    Interesting what was said over 30 months ago. Has it actually happened? Have prices dropped? If so, by what percentage?


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Australian resident for tax purposes investing in New Zealand
    By manny in forum Finance, legal and tax (NZ)
    Replies: 15
    Last Post: 08-08-2013, 11:51 AM
  2. Australian Tax Resident with an LTC in New Zealand
    By SSInvestor in forum Finance, legal and tax (NZ)
    Replies: 1
    Last Post: 19-10-2012, 12:31 AM
  3. Australian banks 'gouging billions'
    By muppet in forum General (NZ)
    Replies: 0
    Last Post: 03-06-2010, 12:14 PM
  4. Australian class action could hit NZ banks
    By muppet in forum General (NZ)
    Replies: 7
    Last Post: 17-05-2010, 09:41 PM
  5. Banks' exposure to eastern Europe
    By muppet in forum Regions News (Euro)
    Replies: 0
    Last Post: 15-06-2009, 06:32 PM
  6. Australian Banks Bailed Out
    By muppet in forum Finance, legal and tax (NZ)
    Replies: 4
    Last Post: 09-10-2008, 08:38 AM
  7. Property Owning Trusts
    By Marc in forum Finance, legal and tax (NZ)
    Replies: 0
    Last Post: 16-12-2004, 07:41 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •