Reading Round Up
Banks go to war on mortgages
Mortgage rates have hit rock bottom as banks offer thousands of dollars in cash and slash advertised interest rates in response to pressure from home-buyers for deals.
Thousands use scheme to get a foot in the door
It’s less than two years since KiwiSaver members became eligible to withdraw their savings to help buy their first home, but already more than 7400 have taken that option to become property-owners.
Michael Coote explains why immigration is a good thing
…for NZ if we hope to avoid a national “death spiral”caused by crushing taxes and reduced public spending. Your thoughts?
A monetary policy for the 1%
The proper role of a central bank has been under much discussion lately. In its recent annual report, the Bank for International Settlements lamented central banks being forced into loose monetary policy as politicians fail to take steps to restructure their economies for growth.
NZ median house price and stratifed house price index hit record highs in June
but REINZ says market ‘just recovering from GFC, not booming’. Your view?