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  1. #5026
    Trying to get outta here
    Join Date
    Nov 2013
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    House sales in Auckland down in May, but the average and median prices remain rock solid, thats the important bit for an elderly person selling up to move into a retirement unit.

  2. #5027
    The Bee's Knees
    Join Date
    Jun 2001
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    Quote Originally Posted by couta1 View Post
    House sales in Auckland down in May, but the average and median prices remain rock solid, thats the important bit for an elderly person selling up to move into a retirement unit.
    Suppose even if property prices crashed thst elderly person will get less for their house ..but the retirement unit will probably be a bit cheaper as well. Equilibrium
    "When investors are euphoric, they are incapable of recognizing euphoria itself"

  3. #5028
    Member
    Join Date
    Mar 2014
    Posts
    267

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    Quote Originally Posted by couta1 View Post
    House sales in Auckland down in May, but the average and median prices remain rock solid, thats the important bit for an elderly person selling up to move into a retirement unit.
    I've found this old document interesting to refer back to, im sure everyone one has already read it.

    http://www.rbnz.govt.nz/-/media/Rese...016jan79-1.pdf

    helps with understanding the importance of Auckland's market with rest of NZ.

  4. #5029
    Junior Member
    Join Date
    Aug 2010
    Posts
    21

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    shocking article in SMH today on 'the retirement racket'
    http://www.smh.com.au/interactive/20...dom/index.html

  5. #5030
    percy
    Join Date
    Oct 2009
    Location
    christchurch
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    Quote Originally Posted by Gonzo View Post
    shocking article in SMH today on 'the retirement racket'
    http://www.smh.com.au/interactive/20...dom/index.html
    No wonder the Australians are welcoming Ryman with open arms [and cheque books].
    I expect they would love to have SUM there too.
    Bring it on,as we are "well positioned.".

  6. #5031
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
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    4,559

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    I hope our companies are way better than this; they will come under scrutiny too. I feel ashamed about owning Aveo previously. 120 pages of dense legalistic contracts which most of us wouldn't understand.

  7. #5032
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    9,536

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    Quote Originally Posted by Joshuatree View Post
    I hope our companies are way better than this; they will come under scrutiny too. I feel ashamed about owning Aveo previously. 120 pages of dense legalistic contracts which most of us wouldn't understand.
    Maybe EHE welcomed Norah Barlow as a director, and then as CEO, so she could oversee "the New Zealand" way. ?
    Simon Challies told me years ago when I asked him about Aveum, that Australian retirement villages were "lifestyle" while their model was "total care".
    Interesting enough Aveum's CEO,Simon Owen, went on to run INA,which is a very different model altogether.buying a lot of holiday parks, and then leasing out land for retirees to put relocatable homes on.
    Last edited by percy; Today at 12:28 PM.

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