InfoAnda - WRAPUP 1-NZ property market shows signs of levelling out

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Thai government demotes national police chief | 28 November 2008
S. Korea wins $1.8 major order for container ships | 21 February 2011
Hariri gives up bid to form Lebanon unity government | 11 September 2009

South African far-right leader Terre'blanche murdered | | 4 April 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : WRAPUP 1-NZ property market shows signs of levelling out

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: WRAPUP 1-NZ property market shows signs of levelling out Reuters - 2 hours 45 minutes ago * NZ housing market showing signs of levelling out ADVERTISEMENT * Retail electronic card spending up for second month * No change in view for RBNZ to cut key rates By Mantik Kusjanto WELLINGTON, April 9 - New Zealand's housing market showed signs of bottoming out in March, with prices and sales rising for a second consecutive month, but analysts said the broader bleak economic outlook backed the case for further rate cuts. The Real Estate Institute of New Zealand said on Thursday sales by the group's members rose 28 percent on February and by 30.5 percent on a year ago, while the national median house price gained 1.5 percent from the previous month. [ID:nWEL000878] Earlier, government agency Quotable Value said property values fell 9.3 percent in the 12 months to March from a 8.9 percent decline in the year through February although market activity was continuing to improve and prices were settling in many regions. [ID:nWEL492958] But analysts were unconvinced that this would lead to a strong recovery. "We still wonder if this is more in a nature of a catch-up rather than the start of a genuine recovery," said Bank of New Zealand senior economist Craig Ebert. New Zealand is in its longest recession in more than 30 years, and the contraction is expected to last through much of 2009, suggesting more help would be needed to stimulate the economy. The Reserve Bank of New Zealand has cut its official cash rate by a total of 525 basis points to a record low 3 percent since last July. The latest Reuters poll has 8 of 11 economists expecting a cut of 50 basis points at the next meeting on April 30, with three expecting a 25-basis-point cut. Banks have responded to the RBNZ's rate cuts by lowering lending rates, and a surge in demand to lock in lower fixed mortgage rates has seen a spike in housing loans in recent weeks. "The indications are that there is renewed interest in the real estate market stimulated by the drop in interest rates and the affordability of properties," REINZ President Mike Elford said in a statement. Partial retail data also showed a second monthly lift in electronic card retail sales in March, with seasonally adjusted sales up 0.3 percent. [ID:nWEL466584] But economists said the economy is expected to sink deeper into recession following an influential survey this week. The NZ Institute of Economic Research said in its quarterly survey that business confidence had worsened to a 35-year low in the first quarter, with firms planning to cut investment and shed staff. [ID:nWEL425392] "We expect the RBNZ to cut the OCR by 50 basis points in April, in order to offset recent upward pressure on market interest rates and in recognition of the ongoing deteriorating in the business sector," said ASB chief economist Nick Tuffley. RBNZ Governor Alan Bollard signalled last month that the easing cycle was near an end, saying there was not much room for further rate cuts. His comments lead to a steep selloff in the swaps market, which in turn saw the five-year government bond yield soar 80 basis points in just two days last month. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Nintendo says Wii losing lustre but no price cutAFP - 1 hour 17 minutes ago TOPWRAP 2-Japan details record stimulus plan, banks struggleReuters - 1 hour 28 minutes ago Nintendo to launch new Wii Sports in JuneReuters - 1 hour 28 minutes ago S.Korea holds rates again, easing cycle seen endingReuters - 1 hour 28 minutes ago PREVIEW-India midcap IT firms' Jan-March profit seen lowerReuters - 1 hour 31 minutes ago Most Popular – Business Viewed Harry Potter actor arrested over cannabis find Israeli Jews hold rare prayer to bless the sun Journalists get shock with 'sexy' White House call German, Japanese data jolts investors UN sounds warning after Antarctica ice shelf rips View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Thursday, 9 April 2009
Italy holds quake funerals, rescuers dig in rubble | International |
Bomb near Iraq Shi'ite shrine kills 7 | International |
Captain of hijacked U.S. ship held hostage: report | International |
Jewish settlers rampage through West Bank village | International |
Moldova blames Romania after anti-government riots | International |
Savvy young heirs give Mexico drug cartels new face | International |
Georgia rules out revolution ahead of mass rallies | International |
Six powers invite Iran for nuclear talks | International |
North Korea celebrates launch, makes new threat | International |
Sims creator Will Wright leaving Electronic Arts | Technology |
Oman Web forum trial raises transparency concerns | Technology |
Fear of viruses could be causing PC attacks: report | Technology |
FCC opens effort to boost broadband to nation | Technology |
U.S. consumers snub mobile banking on security fears | Technology |
Has power grid been hacked? U.S. won't say | Technology |
Yahoo's plan: create community from isolated sites | Technology |
Taiwan's Elan sues Apple over touchscreen patents | Technology |
U.S. plans new government-owned satellites | Technology |
Actor resurfaces in White House after suicide | Entertainment |
Actor Jackman condemns Wolverine leak | Entertainment |
Miley Cyrus says she's smarter than you think | Entertainment |
Miller, Sarsgaard say new film a sign of indie woes | Entertainment |
Cheryl Cole tops Glamour's best dressed 2009 list | Entertainment |
Songwriter retires as head of music rights group | Entertainment |
Film tackles Iraq war with humor | Entertainment |
Leno brings comic relief to battered Motown | Entertainment |
Sony nabs international rights to Obama documentary | Entertainment |
Warner Bros. warns Bollywood: Don't touch 'Button' | Entertainment |
Suicide blast kills four Afghan cops and child
Iran says to review powers' offer of nuclear talks
'Dracula bandit' gets 20-yr jail sentence
Nintendo to launch Wii Sports Resort in June
Iraq reviews US-freed prisoners after blasts
Italy buries quake victims, toll reaches 272
Nintendo: to launch new Wii Sports Resort in June
U.S.-Iranian journalist charged with espionage
Fed sees no economic recovery this year
"Sims" creator Will Wright leaving Electronic Arts
British terror raid follows security breach
Has power grid been hacked? U.S. won't say
Bomb near Iraq Shi'ite shrine kills 7
De Beers prepares for turnover to halve: FT
Study points to calorie-burning fat
Semiconductor revenue down 5 pct in 2008: Gartner
Jewish settlers rampage through West Bank village
Harry Potter actor arrested over cannabis find
Bomb near Shiite shrine kills 7 in Baghdad
Australia government faces upper house broadband battle
Fischer to be appointed interim Czech PM Thursday
US regulators mull rules to check short selling
Three British managers held in French 'bossnapping'
U.S. plans new government-owned satellites
The 'Twitter Revolution' of Moldova's high-tech teens
Iran to say mastering final stage of nuclear cycle
British managers held in French 'bossnapping'
Italy quake toll hits 260, including 16 children
FCC opens effort to boost broadband to nation
Israeli Jews bless the sun in rare 28-year prayer
Facebook to welcome 200 millionth user
Obama looking at cooling air to fight warming
Hijacked ship captain's family holds tense vigil
'Terror everywhere' at KRouge prison says survivor
US says to play full role in Iran talks
Philippines' Arroyo weeps for dead aides
Captain held as US crew battles Somali pirates
For US, few military options to deter piracy
Cargo plane crashes in eastern Indonesia; 6 killed
Australian jailed over deadly lawn-watering fight
Philippine police recover body of 8th crash victim
Suspected Nazi can stay in US for now: officials
Thai protesters threaten Asian summit
Ship's owner: US warship now off coast of Somalia
5,000 clash with police in China: rights group
Crew of hijacked ship worried about pirate attack
2 Italian sailors rescued from stricken sail boat
NZ court convicts woman for abandoning baby
Five killed in Papua violence as Indonesia votes
Japan set for 150 bln dlr stimulus spending
WRAPUP 1-NZ property market shows signs of levelling out
Seoul shares extend gains, up 3.5 pct
HIGHLIGHTS-South Korean central bank chief's main comments
Bank of Korea keeps key interest rate at 2 percent
Japan machinery orders unexpectedly up in February
SKorea says US$3bln bond issue a success
S.Korea c.bank head says ready to help bond market
China Life says 2008 profit down 45 percent
Taiwan dollar firms on exporters, rising stocks
Indonesians vote for new parliament
Indonesia votes in elections to set pace of reform
Polls open in Indonesian parliamentary elections
Eastern Indonesia hit by pre-election violence
Actor Jackman condemns "Wolverine" leak
Hong Kong gambles on more race days
Public asked to vote on favorite Simpsons stamp
Singapore's born-again Christians thrive
US-ENTERTAINMENT Summary
Q&A: Rogen enjoys making people squirm in "Observe"
Brittany Murphy cast in "Expendables"
Pakistan rape victim marries for women's rights
China dissident becomes Tibet's unlikely champion
"Idol" down to seven after MacIntyre elimination
Top game designer leaving EA
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01