The people in this room should be aware, in particular, of the special rights and protections provided to military personnel by the Servicemembers Civil Relief Act. The law’s purpose is to allow servicemembers to perform their duties without worry of foreclosure, eviction, and civil prosecution – under most circumstances.
During this period world prices for our exports rose strongly, while the exchange rate declined. Figure 2, which shows property prices in index form (i.e. in level terms rather than growth rates), illustrates the strong climb in commodity prices as expressed in New Zealand dollars. On top of this climb in export prices, export volumes also rose.