Mortgage News July 12, 2020
House Prices Likely to Fall

New Zealand house prices are likely to fall as the coronavirus pandemic continues to impact domestic and global markets. While real estate assets are large, robust, and somewhat resilient, the current situation will be a huge test. Unemployment is just one of many factors likely to affect the market, with tourism, rental prices, and wider business confidence also likely to have a negative impact. Overall, house prices are likely to fall over coming months, with the speed and extent of the decline directly linked to the state of the global pandemic.


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Agriculture & the Recovery

Every sector of the New Zealand economy has been affected by coronavirus, and for the vast majority, the economic impacts have been severely negative. Businesses are closed, tourism is non-existent, and goods are moving through borders at a much slower rate than normal. In times like these, New Zealand is forced to rely on its most traditional and resilient industries, with a healthy dairy trade central to getting our economy back on solid ground.


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Keeping in Touch with Friends Remotely

As everyone becomes accustomed to staying at home, keeping in touch with friends and family is more important than ever. While handshakes are well-and-truly out of fashion and hugs are reserved to members of your family unit, there are lots of digital tools that help us to stay connected and keep in touch despite iso-life. From Facebook and Twitter to Skype and Webex, digital tools help us to work, play, and communicate easier than ever before.


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How to keep fit at home

The coronavirus is affecting every aspect of life, from work to play to exercise and fun. While going outside to exercise is one of the few things allowed at the moment, not everyone likes walking down empty streets or trying to avoid people while jogging. Gyms are off-limits, team sports are cancelled, and even beaches are a no-go area in many suburbs. While you should try to exercise outdoors while you can, it's also important to step outside your comfort zone and keep fit at home.


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Getting Creative with your Kids at Home

With many people in full lockdown mode due to the coronavirus, lots of us are stuck inside with the kids. While this situation can certainly be challenging and doesn't always run smoothly, there's a lot you can do to keep your kids entertained. Creative projects are a great way to spend some time, with even the simplest ideas likely to be embraced by your kids during this strange time. From recycled art projects and exercise play through to time-honoured board games, getting your kids away from their screens demands a little creativity.


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> In This Issue...
1. House Prices Likely to Fall
2. Agriculture & the Recovery
3. Keeping in Touch with Friends Remotely
4. How to keep fit at home
5. Getting Creative with your Kids at Home

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