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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