" far from Ruapehu"
pictures on a wall.....
Flooding also a problem at Rangimoana Ave down the eastern bays lake taupo.
Those WHS stores in some towns look far to small for the up tick in down market shoppers.
Printable View
" far from Ruapehu"
pictures on a wall.....
Flooding also a problem at Rangimoana Ave down the eastern bays lake taupo.
Those WHS stores in some towns look far to small for the up tick in down market shoppers.
That leaves us with the high country, no problems there...
Which still would be up 15% from one year ago, wouldn't it? Terrible how these house owners suffer - just imagine, only 15% gain in one year if it could have been 25!!!! Poor bastards, now they need to tighten the belt and eat from the neighbours trash can.
But hey - if there is no reason to complain then we just make one up, isn't it?
RBNZ know significant falls are coming with increasing rates. They would not dare use the wording they used today if they weren't confident and didn't want to be in a position of being able to say 'we warned you'.
We are just a few weeks away from completing our subdivision, built 2x 130m2 stand alone homes with garages. Have no intention to sell but still think the values will remain high as supply of new homes in the area is quite limited and you're lucky to get a townhouse with a carpark if new builds are available. Just looking forward to them being done and get some tenants in so I can spend my spare cash on OCA shares on discount :)
"high country, no problems there.."
imagine the VIEWS!!!! locations!!!
prices on those could be through the ranges!!
Nelson going to be the new retirement capital of NZ...
Golden Bay!!
Just like when Bill English said don't be in a hurry to buy? I'm of the opinion no one has a clue. Get a National govt next year and all bets are off. Before the GFC I had locked in 9.5% along with my broker at the time and it went to 5% rapidly but we all expected a return to the 80s. Sure debt has changed but so has everything else. Aside from cars and clothes. I really don't see much change there.
When you understand the relationship between prices and interest rates a 30% fall is easily justified. The big unknown is what happens to rates when the economy almost certainly hits the wall within the next 12 months. NZ rate hiking is 12 months ahead of the rest the world and we are arguably in one of the worst positions to handle rate increase. What if we enter recession 12 months before the rest of the world, but we have to maintain high rates to protect the currency?
Pain is ahead.