Property Investment Information

The Reserve Bank has today announced that they are looking for more weapons in their fight to control inflation. Unfortunately it is New Zealanders that they are fighting and they will fight us on our beach houses, they will fight us in our Towns and City's. Like Winston Churchill, they will never surrender, especially as their job security rests on keeping inflation within a reasonably narrow band.

With the introduction of the Reserve Bank Act, which was brought about to curb inflation, the Reserve Bank and ordinary New Zealanders have been in a struggle reminiscent of the cold war arms race. The Bank introduced its mighty weapon, altering the Official Cash Rate, which was deployed to influence our spending choices. (more...)