The Weekly Home Loan report looks at where mortgage rates are heading.

It was yet another strong month for New Zealand shares and global listed property. Tyndall Investment Management New Zealand Ltd managing director Anthony Quirk comments on the state of the markets.

House prices have continued to rise in most regions throughout the country despite repeated predictions of a downturn in New Zealand’s residential housing market, figures released in the AMP Home Affordability Report for the June 2005 quarter show.

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Sovereign, like other lenders, has reviewed its home loan business and is making a number of changes, including a reduction in its commission levels.

The fall-off in residential building is continuing, building consent figures released by Statistics New Zealand (SNZ) show.

The fall-off in residential building is continuing, building consent figures released by Statistics New Zealand (SNZ) show.

Public Trust has made an interesting move, chopping its floating home loan rate, despite the Reserve Bank leaving the official cash rate unchanged yesterday.

Queensland

The latest Managed Funds Industry Trends report from FundSource shows that retail funds under management have reached $20 billion, despite heavy outflows of funds.

The Reserve Bank has left the Official Cash Rate (OCR) unchanged at 6.75%.

Christchurch

Investor confidence in residential property is still the highest compared to other forms of investment, a survey shows.