This morning the central bank of NZ cut the bank lending rate by 0.5% to 7.5%. That was after a cut of 0.25% in july.
The good news is the banks are passing it all to mortgage holders.
It is a good sign for Australian home owner as Australian banks would likely do the same for future cuts.
Today also new data of unemployment in August going down to 4.1% from 4.3% in july, it is much better then expected(from ABS)
I guess these are all good news for property owner that can squeeze out more rent from more workers and more buyer might join the property market.
The good news is the banks are passing it all to mortgage holders.
It is a good sign for Australian home owner as Australian banks would likely do the same for future cuts.
Today also new data of unemployment in August going down to 4.1% from 4.3% in july, it is much better then expected(from ABS)
I guess these are all good news for property owner that can squeeze out more rent from more workers and more buyer might join the property market.
