NZ FINANCIAL SITUATION 2010

KIWI FINANCE COMPANIES----

But whats the future look like for those already heavily committed & finance companies ability to invest successfully

• Finance companies are not doing too well and those who have funds invested should check again on their investments as at July 2010. With real estate slowing down this could see more finance comanies on the brink

MORTGAGEE SALES RISING JULY- AUGUST 2010

• Household and external debt are still high. 8 properties per day under mortgagee sales in NZ as at July 2010 and this will continue. 121 registered mortgagee sales in February, 246 registered mortgagee sales in April 2010 & in July 343 mortgage sales that really is around 24% of total sales of real estate being mortgagee sales. Manawatu has approx 22 sales per month?? This is not the end but the start as costs increase and homeowners find it harder to make ends meet. Electricity and vehicle costs just increased and rents will rise due to the governments inability to stop hikes. Buying a mortgagee property sale is another matter

The Reserve Bank of New Zealand should stop raising interest rates as its not building up business confidence. Australia is not increasing rates just yet and can see what is happening but they have had a trade surplus and sold record coal and gold in May 2010 highest in 14 months.

In NZ small business is suffering and will continue to do so because of interest rates, tax changes, material costs and goods & service increases. We could be looking at a double dip recession which we feel is on the cards as things get harder. Manufacturing has taken a bite as they leave our shores & building projects have stalled as steel and building materials keep rising and householders are now going slow on spending. TVNZ just laid off more staff and this will continue as our plight gets worse.

The other worry is will Crafer farms the 8000 hectare enterprise be sold to China which will be the start of the end of NZ selling off our lands to outsiders. Remember its only a matter of time before our lands are sold to outsiders. Overseas soveriegn debt European governments are cutting budgets due to the Euro crises & metals like copper are now hittin grecord highs due to the world shortage.

With the EU still fighting the Euro even Australia stock market has dropped.

[ Save NZ Farms for Kiwis: STOP ] [ Building Tax depreciation NZ ] [ Hubbard vs Securities Commission ] [ Banks & Subprime Mortgage ] [ Failed Finance Companies July 2010 ] [ Finance Report 2010 ] [ Property Report May 2010 ] [ Buying Mortgagee Property Tips ] [ Kiwisaver good or bad Providers ] [ Bank Lending Report 2010 ] [ George Soros Mortgage answers March 2010 ] [ USA Printing $$$$ 2010 ]

WHY ARE MANUFACTURERS & BUSINESSES LEAVING NZ: [ Read the story ] The issues are economics nothing else and many a time the owner is blamed for moving when in fact he has no say in the matter otherwise he will go bust. However read the reasons why NZ has lost the plot ---[ Compare to Thailand ] & why more factories are heading abroad now. It makes sense.[ Check WHY THAILAND ] is better for Manufacturers & any Kiwi Company. Why NZ is lost [ NZ Deficit increases ] Yes we owe money????? [ Government $250m a week borrowing ] [ Transmission Gully Impact costs ] [ Kiwi Family Savings Plan ] [ Benefit cuts good or meaningless ] [ Quit smoking-heres how ] [ Levin Business dying ] [ NZders lose out ] [ World population exploding ]

" Invest in finance companies--- crazy--- they can do what they like with your $$$$ "

LIST OF PROPERTY CONTRACTORS IN WELLINGTON / HOROWHENUA [ House & Property Contractors ]

NZ 2010 ARE WE HEADING FOR RECESSION AGAIN [ NZ- lost ] [ Kiwisaver good or bad ] [ NZ- deficit ]

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