homebase

Listings are drying up so it could be a good time to sell; we heard that the rate of property price falls has reduced from 9.2% to 9.1%, whoppedy doo!

Interest rates are low and the 'high up guy' at the ANZ bank told me that short term rates are probably the way to go for a while, because the longer term rates are getting a bit high, because depositors are after a good return on their money and the various company bond issues are competing with longer tern deposit rates....wow did you get all that??

Unemployment is going to keep things subdued for a while, but the earth is still spinning, both NZ and Aus are looking at peaking around 8% unemployment so as usual, if you are not forced to sell then you still do have choices – its actually always the same – it’s about the difference between what you will sell your house for and what it costs to buy the next one – if you can sell well and buy well then you take two steps forward, it’s a bit like snakes and ladders, if you sell badly and buy badly then you end up sliding down the snake and it can take you a long time to get back to where you were!