Letters to the editor: Rates a sensitive topic in Tauranga
8 Mar, 2021 11:00 PM
3 minutes to read
Rates are a sensitive topic at the moment. Photo / Getty Images
Bay of Plenty Times
In your paper, Tuesday March 2, you presented a rates comparison. You show a Tauranga Capital Value of $750,000 with a $2210.00 rate take. I have an actual rates bill in front of me for a $775,000 Capital Value for $2637.52 plus regional rates, making a total of $3146.97 - which is only below Wellington and Christchurch in your comparison.
May I ask when you are quoting such comparisons in the future, you say what is in and what is out and source your material directly.
Market close: Property stocks tumble as bond yields rise
9 Mar, 2021 04:36 AM
4 minutes to read
NZ Herald
By: Graham Skellern
The interest rate sensitive property stocks tumbled on the back of rising bond yields but overall the New Zealand sharemarket steadied itself from recent falls and went the other way. The S&P/NZX 50 Index gained significantly in late trading, closing 59.96 points or 0.5 per cent ahead at 12,145.15 after reaching an intraday low of 12,057.9. There were 73 gainers and 68 decliners over the whole market with 66 million shares worth $211.2 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said the market has a flighty and heavy feel about it. You are getting 3/4/5 per cent price movements for no obvious reason.
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