For Chinese people, the festival is of special ethical significance, and family reunion on this occasion lying deep in their consciousness has been a sentiment and mindset for hundreds of years.
The festival dates back over 1,000 years, when ancient Chinese people counted the days by the phases of the moon. They found out that the moon would be at its fullest in the middle of every lunar month and at its brightest in the middle of autumn. The date of the festival was thus decided.
Its time this weekend to spend with family and friends!
Here is a snap shot of the property market in the last month and top headlines in the last week.
Bindi Norwell, Chief Executive at REINZ says: “Despite a good uplift in sales during July, August saw sales volumes fall by -6.1% from the same time last year – the lowest level of sales for 7 months. This was a bit of a surprise given the strength of July’s figures, however, an extremely wet August across most parts of the country and the past three months having the lowest number of new listings of any consecutive three months since records began in 2007 look to have been contributing factors.”
ANZ picks OCR to keep falling – three more cuts by May
“One can argue – and indeed we have – that while downside risks are
accumulating, the growth fundamentals remain solid,” she said.
“But the fact is, a continued slowdown over coming months, contrary to the RBNZ’s
projections, is hiding in plain sight.”
It wasn’t all negative, she said.
“If the world keeps it together – and that is an increasingly optimistic “if”, given
the relentlessly negative tone of most the global dataflow – the recent substantial easing of both interest rates and the exchange rate should support a decent pick-up in activity as we head into next year.”
The world is in turbulence out side our island lets just hold on and enjoy the chill.