Finance minister Michael Cullen has reaffirmed that the government has no plans to introduce a new form of property tax.

Finance minister Michael Cullen has reaffirmed that the government has no plans to introduce a new form of property tax.

Money Managers has added a new trust to its FiRST STEP range that is designed for rate driven, fixed term investors. In that sense it competes with offers such as bank term deposits.

Christchurch

Click-simple property reports
_______________________________________________________

Price: downloadable reports range from free to $85 plus GST.
Overall rating: 4.5 out of 5
Website: www.qv.co.nz

Regional Highlights (The Real Estate Institute of New Zealand’s analysis of the real estate market for May, 2005.)

Investors still consider residential property is the asset which is likely to give them their best returns, well ahead of bank saving accounts and term deposits, managed funds and shares.

Investor confidence falls. BNZ selling share fund business? Another report on Pengana, Share options start next month, Existing note offers grandfathered, Tough conditions hit Spicers.

Ros Kirkland of Resi Mortgages explains some terms borrowers may come across when taking out a loan.

Wellington

Te Papa, Wellington

Money Managers new life insurance business is going to offer products which all have unique selling points.

Auckland-based Summit Financial Group, headed by Peter Morrison, has bought fellow advisory firm Broadview Financial Management.

New Zealand managed fund investors were rewarded with strong returns across all sectors for a second consecutive month in June.