Yeah, worked out well.
Was long silver & copper as well so a very good night indeed.
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More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert
https://www.landlords.co.nz/article/...ross-the-ditch
A real estate agent wanting to prop up the market with foreign buyers. Nothing new there.
It's not going to solve anything, but what it will do is make easier for others to exit and make property more unaffordable for Kiwis.
What really is required is a capital gains tax to put investing on an even keel with income, so its more attractive to build a business and less incentive for NZs fixation with property.
It doesn't pay to work in NZ, it pays to invest.
NZ Residential RE is way overvalued for our economic wealth, but the loss of the business investment funds is not good news. These fleeing folk are not convinced that the new government will make the tough reforms to make business investment for economic growth per person a priority?
Ask not what you can do for your country. Go to Australia instead.
One has to ask anyone with Capital to invest - "Is this where you could safely & securely put your business investment funds ? "
Or put it in the bank & let the bank carry the risk & can if wherever it gets lent out to from there falls over ..
I think the reports in the media, NZX of recent times, recessionary phases, closures, business failures, etc apparently with worst not all over yet may provide a few pointers on answers
The 20 bucks a week will apply from July 31. If you are lucky enough to get that and not 2 bucks/wk (most pensioners).