We will see that, but maybe 2023-25 if all goes to plan. If it happens earlier they would be either buying something or takeover
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Home equity release market to go crazy ….only way out of financial stress for many ..inevitiable
https://www.stuff.co.nz/business/opi...old-hard-facts
Darn boomers, first they ride the biggest and easiest multi decade property boom and then they go and cut my inheritance lunch by giving it back to the banks :scared:
Govt should increase mandatory kiwisaver contribution rates to 6%. What is Aussie up to? 10%!! Common NZ.
This would go a long way to solving the retirement issues we face as a country. It will also help battle inflation by taking money out of peoples pockets.
Then lift the retirement age to 67 for white collar office or light duty workers and keep it at 65 for blue collar workers. I have a mate that is a bricklayer. His body will be buggered long before my right index finger buggers out from clicking the mouse in my office.
Hey rawz …read this good article …..was written in 2007 and now the world is probably even more slanted to the Jagger Generation.
Don’t forget young man we worked hard to make NZ a great place to live….…rawz, you’ll just have to work harder and your due rewards will come
Whatever, have a happy and prosperous 2022
Looks as though the brokers' HGH pick is driving demand, as the current share price is $2.42.
Yeah the buy side shows large numbers of buyers possibly buying smallish parcels. Given the amount of people away at the moment the sell side could dry up quite quickly if this carries on.
I'm thinking $2.42 might be an All Time High? (Just going off the top of my head)
HGH is heading towards $2.75 imo - Jarden & Hobson Wealth have as their top picks which mean that they will be recommending & adding to clients' portfolio in the year ahead. Unlike others (as in MSL & NZSA), they are not allowed to recommend stocks unless they have research or a BUY recommendation.
One of my core holding since I bought the first lot when Georgie Porgie of PGC sold all of his shareholding at 52c back in 2012.
https://www.stuff.co.nz/the-press/bu...artland-shares
Averaged up all the way to 82c and have been happily collecting the dividends and enjoying the sp appreciation at the same time.