LAST name of Winston?
Who are you talking about?
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I have a client currently looking at retirement villages based on her needs and the perception that she will be much happier in a well supported caring retirement community.
I have suggested she visit a wide range of villages and the feedback she has provided is that the Karaka village of Summerset is very nice but probably a little far away from her friends and relatives. There's a wide range of choices and price options out there and she will have no difficulty whatsoever selling her $1m plus Auckland home and finding something perfectly suitable that leaves her with several hundred thousand dollars in capital that's released through the changeover process. She has plans for a new car and yet another world trip. She used to work for Qantas so has already travelled extensively. Just as an aside she has extensive cruising experience too but was extremely comp0limentary about the new Ovation of the Seas and very highly recommends it https://www.royalcaribbean.com/cruis...on-of-the-seas
Meant to say first name! My mistake.
You also know NZ First's policy is to cut corporate tax rate to 25%? (I am pretty sure) - that's why they have a $20 minimum wage, on the basis the cut on corporate tax will help allow a $20 minimum. Seeing some are getting carried away with one of NZ Firsts policies, might as well look at the others! Anyone on here think Labour will allow them to cut the coportate tax rate?
those increasing costs only mean higher unit costs if thats what you mean against falling house price or stagnated house prices and looks like over time less sales of units i reckon or the 2 tier market in retirement unit ones for poor folk ones for rich folk
Share price still within the 5 year uptrending channel
A weekly close below 470 would be ominious and 455 would be a disaster and break below the lower line.
No doubt activity levels will remain high in this sector (plenty of nw builds and sales) but that 'embedded' value could shrink pretty fast if there is a collapse in property prices (ie lower underlying profit on resales which might not offset the margin on new builds but I don't really know as I don't really believe in this underlying thing)