Sold. Will consider buy back upon decent results and fair SP entry opportunity if presents itself.
Printable View
Sold. Will consider buy back upon decent results and fair SP entry opportunity if presents itself.
Tony Alexander thinks there's no longer a brain drain but a brain gain.
http://www.tonyalexander.nz/resources/TV%2016%20July%202020.pdf
“Imagination is more important than knowledge. Imagination is the language of the soul. Pay attention to your imagination and you will discover all you need to be fulfilled” so said a guy called Einstein
I can imagine having Oceania having a good year and It’s shareprice over $1.50 by this Christmas ...I’m paying attention to that imagination.
Good luck with that combination of events.
Yep, I too like the odd episode of TV (Tony's View). Probably even better now that he's left the bank and out on his own.
Re the discussion on immigration flows of late, I suspect a lot of the exodus will be low paid foreign workers who've suddenly found themselves out of work with no support to be had in NZ, plus a bunch of foreign students (I sat next to a young German lad on the plane the other day who said a good chunk of other German exchange students bailed in March but he did the full 6 months and loved it). Can't really see too many others making the choice to depart NZ ATM unless the wheels have been in motion and plans well advanced.
Inbound, sure, there'll be a bunch of young ones that have had their OE curtailed, but there are also likely to be plenty of Kiwis returning that would like to get into the property market...maybe those that had been sitting on the fence about returning anyway, or have found themselves out of work in their chosen place of residence.
Overall, I suspect flat to slightly positive in favour of the NZ property market.
Of course the numbers out vs in are tracking the way they are.
NZ is proving damn hard to get into - 3 weeks flight stoppage etc
The folks leaving have been as much the stranded foreigners as much as anything else and folks whose work visas cannot be renewed.
We have any number of mates stuck overseas unable to get home.
Looking at short term arrival/departure COVID skewered stats and drawing a longer term conclusion for in this case OCA is a very very long bow indeed.
No, it is definitely true. I am stuck in the UK at the moment where 60,000 kiwis wanting to come home are in a single queue, all 2 meter socially distancing and wearing face masks, that stretches along the A4 from London Heathrow Airport to Chippenham.
I am about half way along sitting on the pavement in the western outskirts of Newbury.