Gee -- all this talk of takeovers & deep value .. just couldn't help myself - had to get a few lamp posts onboard to get OCA onto the active watchlist ;)
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Gee -- all this talk of takeovers & deep value .. just couldn't help myself - had to get a few lamp posts onboard to get OCA onto the active watchlist ;)
highly unlikely in my opinion they will double without a corresponding increase in wages or opening up to rich foreigners to buy all the housing stock and turn nz ers into a renting nation.
anyway this fellow who has a track record like key says this
Tony Alexander: Rate hike rumours put brakes on the housing market
https://www.oneroof.co.nz/news/tony-...g-market-45103
and my opinion is flat market all year .... no good for RV stocks
Up the Wahs, this is our year
Oceania faithful chant 'this is our year'
First game of season and Warriors go 12 nil up over the Sharks ......but end up losing 12-16 to a team they often beat
One fan commented 'Piss poor leadership and discipline and the expected stink attitude will suggest a rough 2024 for the warriors'
Methinks it's going to be one long year for both Wahs and Oceania faithful .....no championship for one and a languishing share price for the other.
New reports suggest New Zealand's housing market is stalling with "flattish" growth in the first half of the year expected
https://www.newshub.co.nz/home/money...ome-loans.html
New Zealand's average dwelling value increased by just $351 in February According to the QV House Price Index (HPI)
https://www.interest.co.nz/property/...klands-average
hammertime if property stagnates or declines
Refixing the lot at the beginning of April. I’ll be leaving it til the absolute last minute the way things are going.
Let's do a 'stock take' of the factors behind the property market :
1. Super low interest rates drove the property market boom over 2020 to 2022 when the market peaked.
2. Offshore buying drove the property market before then - especially China buyers.
3. Strong migrant flows also drove the market before 2018.
Fast forward to today :
1. Days of super low interest rates are over - reversal of boom back to more realistic levels. What is realistic level?
2. Ban on overseas buyers still in place. China buyers are grappling with their own property problems in any case.
3. Migrant flows are very strong - record levels - but 'quality' of migrants such that majority cannot afford NZ house prices. Hence, the rental squeeze because that's all that the workers from Philippines, India, Fiji and South America can afford.
Still plenty of supply of properties out there (record listings according to Barfoot & Thompson) - aided by tens of thousands of NZers leaving for Australia as they mostly leave a house to sell or a property to be rented out.
So how likely are we to see the property market boom again? And when?
PS. Don't listen to the banks too much as they have a very deep vested interest in keeping property prices up. They are nursing some serious default issues at present with developers and mortgagees.