Craig's will be loving this double ticket clipping from all their poorly advised Lemmings. PS-They will probably put out a buy note in a month or so.
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Craig's will be loving this double ticket clipping from all their poorly advised Lemmings. PS-They will probably put out a buy note in a month or so.
Yes I was just reflecting on that low this morning mate just after Labour were gifted power by Winston Peter's when I also bought some. Back then everyone thought the end of the world was upon us and since then over the last 18 months they have grown earnings and assets considerably. Taking that into account I would think anywhere around $5.00 would be taking advantage of an exceptional long term opportunity.
No worries Balance, this time its different as the market overall is still going up...you are not the first person to make the mistake of thinking Auckland real estate is a proxy for the national average and you won't be the last. They have villages spread throughout many parts of N.Z. including 2 in the fast growing Nelson area.
I see the market has finally woken up and realised that the mighty RYM operates in ostensibly the same market as the others lol
Where did you get the data regarding house prices.
Take a look at this link. Though 2 months old.
https://www.newshub.co.nz/home/new-z...time-high.html
Asking price vs selling price - two entirely different things!
Properties prices are being sold at discounted prices in Auckland - fact.
A contact of mine recently bought a nice bungalow in Glendowie for 15% below CV. Yet another bought a rental unit near Sylvia Park for $100k below CV - $500k vs $600k. All in the last 2 months.
I should know - I was there to advise on the offer prices!
Its simply not happening Balance. Have a look at some of the regional prices like Nelson as just one example that's on fire. The national average house price in N.Z. is up 2.5% year on year March 2018 to March 2019. That is a statistical FACT. Real estate agents opinion are quite frankly in my opinion worth a dime a dozen.
Ignore the bell ringing from Auckland, right?
Oh well, some will be right and some will be wrong.
I am happy to be out of what I believe will be a declining property market for the next 3 to 5 years.
Not often one gets the bell being rung!
PS. Check out the Hamilton property market, the bell is also ringing - very loudly!
https://www.trademe.co.nz/Browse/Cat...ch_suggested=0