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Housing market 'primed for takeoff', NZD marks time
Kiwibank says it's "pleased to be able to maintain leading rates across the major banks" in the six-month and one-year terms, "which have historically been the most popular terms for our customers". Kiwibank's increased its six-month offerings by 10bps, with a peak rate of 6.15%, while the rates from one-year and longer have all been dropped by between 5bps and 15bps. The number of residential properties being offered at auction declined for the second week in a row last week but there was no change in the overall sales rate. New Zealand’s services sector continued its path of expansion in February, according ... (full story)