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The Star: January 27, 2022

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<strong>The</strong> <strong>Star</strong> Thursday <strong>January</strong> <strong>27</strong> <strong>2022</strong><br />

6<br />

NEWS<br />

Latest Canterbury news at starnews.co.nz<br />

Market still bullish<br />

• From page 1<br />

“Some of us think declines<br />

are highly likely and that these<br />

could be significant; others are<br />

more sanguine,” he said.<br />

“What there is agreement on is<br />

that the market does look more<br />

vulnerable today than it has for a<br />

long time.”<br />

A survey of mortgage advisers<br />

conducted by economist Tony<br />

Alexander on behalf of mortgages.co.nz<br />

released this week<br />

showed most mortgage brokers<br />

were reporting fewer investors<br />

and first-time buyers, as well as<br />

a reduced willingness by banks<br />

to lend.<br />

Several New Zealand banks<br />

are expecting house prices to fall<br />

this year, with BNZ forecasting<br />

a drop of more than 3 per cent<br />

this year, with a smaller drop in<br />

2023.<br />

Bayleys Canterbury general<br />

manager of sales Rachel Dovey<br />

agreed increasing interest rates<br />

and tougher scrutiny by banks<br />

during the loan approval process<br />

could soften the market.<br />

However, the market was still<br />

bullish, and likely to remain so<br />

deep into <strong>2022</strong>.<br />

“<strong>The</strong>re’s too many positives<br />

going on. Employment is high<br />

here. You only have to look at<br />

our construction and building<br />

sector. <strong>The</strong>re’s really good<br />

employment, that’s one of the<br />

drivers why people are moving<br />

from other regions,” she said.<br />

“While those things are in<br />

play that holds your market. If<br />

there was high unemployment<br />

it’d be a different story. We’ve<br />

got too many good constants in<br />

our favour.<br />

“Interest rates could cut some<br />

buyers out, but small increases<br />

won’t bottom out the market.<br />

Apart from that it’s quite hard to<br />

see where those falls would come<br />

from.”<br />

Dovey would not be surprised<br />

if prices flattened out in<br />

Auckland, but property values<br />

in Christchurch and the Canterbury<br />

region should continue to<br />

thrive.<br />

“I think we’ve probably<br />

got a little way to go yet. Our<br />

campaigns and auctions are up<br />

around 50 per cent on the year<br />

prior. <strong>The</strong>re’s really good momentum<br />

even though we’ve gone<br />

into red (traffic light setting),”<br />

she said.<br />

“We’ve seen quite a lot of<br />

people moving down here from<br />

around New Zealand and it’s<br />

hard to see that momentum<br />

won’t continue.”<br />

“If you look at areas like<br />

Selwyn there’s been so much<br />

development. A lot of sections<br />

and house packages have really<br />

created another market.”<br />

—NZ Herald<br />

RAID: Police enter a Rangiora printing business where a<br />

signwriter has allegedly been making fake vaccine passes.<br />

PHOTO: KURT BAYER<br />

Signwriter accused of<br />

making vaccine passes<br />

• By Kurt Bayer<br />

POLICE HAVE swooped on<br />

a Canterbury signwriter who<br />

has allegedly been making fake<br />

vaccine passes.<br />

Officers yesterday raided the<br />

printing and graphics business,<br />

which operates out of a shed at<br />

the rear of the property on Rangiora’s<br />

Ashley St.<br />

It’s understood one person has<br />

been arrested.<br />

Local resident Peter David Solvander<br />

has been named by Stuff<br />

as the man accused of making<br />

fake passes.<br />

A sign on his front fence says<br />

“Stand up New Zealand!”.<br />

He allegedly told a Stuff<br />

reporter, who was given a fake<br />

vaccine pass, that he was doing it<br />

so people could “see their loved<br />

ones”.<br />

In October 2020, Solvander’s<br />

son James Harrison Solvander,<br />

33, was jailed for more than five<br />

years over the death of a father<br />

who died while out biking with<br />

his daughter during the first Coronavirus<br />

nationwide lockdown.<br />

Drugged driver Solvander<br />

crashed into Clint Hoeben, 48,<br />

and his daughter, 14, as they<br />

cycled near Fernside in North<br />

Canterbury on April 2, 2020.<br />

Hoeben was killed and his<br />

daughter suffered minor injuries.<br />

– NZ Herald<br />

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