Auckland

The New Zealand residential property market started spring early with a sooner-than-expected burst of activity in August, according to the latest Real Estate Institute of New Zealand residential real estate figures.

Mortgage brokers plan publicity campaign, Market reaction to election, NZX index changes, Propertyfinance Securities to raise funds.

New Zealand

Auckland

A privately owned New Zealand Company operating since 1997. The company’s main activities are those of a financier, raising funds from the public and lending those funds to individuals, partnerships, Trusts and companies.

August statistics released by QV indicate the residential property market is still on the rise, as residential property values grew by 14.7% for the 12 months, up from 14.3% annual growth to July.

Comment: Research house FundSource provides its view on investing in finance companies.

Wellington

The Reserve Bank has left the Official Cash Rate unchanged at 6.75%

The National Bank/ANZ Bank merger has reached ING, adding a further $650 million to the funds management firm.

Institutional investor commitment to alternative investments is poised to reach record levels by 2007, according to the seventh global report on alternative investing released today by Russell Investment Group.

Wellington