Property Market Stabilising

We note Quotable Value has come out this week with evidence of the property market now stabilising after a fall of 5.6% from the November 2007 peak – nationwide. This is a long way from the doomsayers’ predictions over the same period – makes you think.

Encouraging to see Kiwibank 2 year fixed rates fall to 6.59%. While most would agree, it’s been a tough year – there’s no doubt that for many, the current interest rate environment is providing a window of opportunity into home ownership.