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Thousands gather across the country to commemorate Anzac Day

Thousands gather across the country to commemorate Anzac Day
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Community Scoop » The Time To Protect Our Oceans Is Now

Scoop Community provides New Zealand Community news and views ....

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Adrian Orr frets over soaring asset prices as ASB warns more people low on cash

People should take that on board, especially when leveraging their property interests to buy more houses, he said.
Orr’s warning came despite the bank last month forecasting a further small rise in house prices of 3.9 per cent in the year to the end of March next year, and criticisms it is the bank’s own policies that have helped drive an asset bubble.
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ASB chief executive Vittoria Shortt says it is closely watching a worry trend of customers’ “rainy day” funds dropping below $1000.
Even as many homeowners’ paper wealth and confidence has been boosted by low interest rates, ASB chief executive Vittoria Shortt sounded a different alarm. ....

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