Videos by ofInterestNZ

Panel 1 Rates falling fast OCR cut of 100 bps OCR at 4% by mid 09 Variable mortgages at 6-7% Panel 2 Fixed rates addiction May be broken Gap narrowing Variable rates cut hard In the last week Panel 3 All banks cut variable Down around 8% Only just above fixed Going short cheaper Panel 4 Monetary policy power Its coming back Gap now 30-100 bps Was 150 bps Rapidly closing Borrowers go short Savers go long

Hanover Press Conference Part Six

Bernard Hickey interviewed on home afford-ability on TVNZ 1

Bernard Hickey Close Up November 20

Panel 1 Wizard Home Loans Affordability index Big improvement 68.2% of income Down from 71.2% Panel 2 Tax cuts, wages growth NZ$20 extra a week Lower interest rates Cuts cost NZ$10 a week Panel 3 Much better than 80% But a way to go yet Lower interest rates Lower house prices More tax cuts Will help improve

Panel 1 Fear of auto collapses Ford, GM, Chrysler Worrying credit markets Banks exposed Panel 2 May force writedowns Bipartisan senate deal Much uncertainty Lame duck session Panel 3 S&P 500 near record lows Citigroup fell again Fears about future Fonterra payout cut due Recession well into 2009

Panel 1 Hanover restructure plan Delayed repayment plan Repay 100% over 5 years NZ$553 mln invested 17,630 investors Panel 2 Only capital, no interest Needs property recovery 30% in first 3 years Hanover to restart lending Panel 3 Hanover says restructure Better than receivership Vote on December 9 Receivership offers 82c/$ Panel 4 Hanovers forecast includes 10c from new lending Resumption of borrowing Panel 5 The game is over Run down the book Retail debentures dead Property speculation dead Put in the receiver

Hanover Press Conference Part Five

Hanover Press Conference Part Four

Hanover Press Conference Part Three