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W & K

Economic & Market Updates

New Year Financial Resolutions

27 Dec 2011

We have made it past Christmas and the ‘silly season’ has almost finished.   For many of us, the break provides us time to unwind and refresh, once the bustle of Christmas is over.  It is also a prime time to reflect over the past year, and consider how we wish to approach the coming year.  While New Year’s resolutions tend to focus on our physical health and wellbeing, it is also a great opportunity to review and plan your financial wellbeing.  This will have a dramatic impact on your retirement lifestyle.

Christmas Wishes 2011

20 Dec 2011

 

Dear Santa

We are really looking forward to catching up with you on Christmas Day.   We hope all is well with you and Mrs. Claus, and of course the little ones.   Your reindeer must be getting really excited about this coming Friday’s great big trip.

Apartment Pricing – Low or Realistic

14 Dec 2011

 

Last week in Whakatane there was a successful mortgagee auction of seven apartments. The receiver managed to sell all the apartments that were offered. There were plenty of people present at the auction, and there was good competition amongst the bidders. Most of the bidders were not from the Eastern Bay. The nationwide high quality advertising no doubt helped to attract the strong interest.

Low Interest Rates – the new Reality

 

Interest rates in New Zealand are at record lows. This week the Governor of the Reserve Bank, will most likely maintain the official cash rate at 2.5%. It is considered unlikely that this rate will increase for another year. If the economy slows further, the RBNZ could still decrease it to stimulate growth.

Partial Privatisation

01 Dec 2011

 

Now that the election is over, one of the major issues for the National led government is the partial privatisation of a percentage of the state owned assets. The various political parties hold divergent views over this. The major concerns relate to the assets becoming foreign owned.

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