yep be round an increase in funding if anything ( they been bitch.ing to govt about it for ages , see if robbo listened ) and your right in your order of thinking who benefits most
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trying to guess property bottom is pretty hard , so if your buying on that basis then your taking a punt as for order i would go for who's most leveraged to the cycle
remember we had a false buying opp a short time ago , i prefer buying large holdings when cycle change is confirmrd
I am not the one buying ...market maybe buying based on that assumption ...also the fact that first 20% off from bottom is very quick money if u get it right ...U want the middle part of the trend which is more sure part ...me will let market do its work ...not a trader at all ...prefer longer term plans as they are more easy then even swing trades ...
Given that the government have made it very clear this is going to be a "no frills" budget, focused "cyclone recovery and helping Kiwis through the cost of living crisis"- I think this jump in SP across the sector, is just wishful thinking. I have seen zero indication from them, that aged care is anywhere near the top of their "Priority" list.
I would be very happy to be proven wrong though.
Agreed, although the volume of buyers is promising that there is genuine interest and it's not just speculation.
More likely some funds are taking a confident view that property is at or near the bottom and buying at these levels is a lot less risky with potentially massive gains to be had over the medium term.
As I suspected - zero mention of the aged care sector OR care subsidies.
The best we can hope for is possibly some financial assistance to the sector for pay increases for nursing staff (as per announcement below).
A budget that offers sweet Fanny Adams for most of us.
Health and disability
- $2.6b over two years for cost pressures in the health system and reforms
- More than $1b to increase pay rates and boost staff numbers
no moola for RV providers ... maybe easier for them to get nurses though ? anyway the rise in RV stocks isnt because of budget ( they havnt plummeted on the news ) but i see treasury forecasting another 4% house decline in budget ( i dont know how good there forecasting is on this matter but i guess like most people they are guessing )
Strong week, who would've thought. I won't get too excited, but its good to see
Why such a strong week?, SUM went from about 8.20 to 9.20. Positivity over comments that interest rates have almost peaked and the house prices are close to the bottom? OCR is next week that will be interesting. Seasonally Sep to Dec are strong for the property market, it is some time away.