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07-08-2016, 10:53 AM
#391
U r def right, went to an auction yesterday in mount Eden, ghost house, sold for 1.55million. There were a lot of bidders, he not slowed down. Still has at least a year to go or whatever.
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07-08-2016, 01:28 PM
#392
Originally Posted by SCHUMACHER
P.S I read an article somewhere where Americans are SERIOUSLY considering coming to live in NZ - quick shut the gates , ESPECIALLY if they are ex Wall Street Bankers LOL
And many NZ realtors are spending big in advertising to the Yanks ...along with many other's .....NZ is up for sale quick get it while its cheap
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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21-09-2016, 11:24 AM
#393
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21-09-2016, 02:13 PM
#394
Auckland houses will still sell at "reasonable" prices. It sounds as though expectations have yet to adjust downwards - but they will!
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22-09-2016, 12:01 PM
#395
Member
Reserve bank this morning "House price inflation remains excessive, posing concerns for financial stability. There are indications that recent macro-prudential measures and tighter credit conditions in recent weeks are having a moderating influence."
Fundamentals don't mean anything when the credit taps are turned off.
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22-09-2016, 02:05 PM
#396
Originally Posted by Mush
Reserve bank this morning "House price inflation remains excessive, posing concerns for financial stability. There are indications that recent macro-prudential measures and tighter credit conditions in recent weeks are having a moderating influence."
Fundamentals don't mean anything when the credit taps are turned off.
"Fundamentals" meaning what, in this context?
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22-09-2016, 02:18 PM
#397
Member
Originally Posted by macduffy
"Fundamentals" meaning what, in this context?
The underlying supply/demand in-balance in the market.
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24-09-2016, 04:55 PM
#398
This time is not different. By 2019/20 we could see the next trend and real picture.
Last edited by Valuegrowth; 24-09-2016 at 05:09 PM.
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26-09-2016, 04:08 PM
#399
Thing is, without the ability to borrow, people need more money to push up prices. Otherwise, sellers could push up prices if are disinclined to sell.
Since the LVR has increased, it's possible for prices to continue to rise (even with less sales occurring) if sellers don't believe there's going to be a drop.
Of course, there's speculation (described above) and market factors. I doubt that there are going to be any market factors causing a drop in house prices, as these would need to be things like recessions or a reduction in immigration.
To summarise the above, I think the only way that prices would drop is if the media caused fear of a drop (possibly by publishing results of a lack of sales). However, the thing to remember is that demand is still there due to immigration and lack of choice in terms of investments in NZ AND every time the LVR has been increased these past few years, sales have taken about a 3 month pause, then started up again. Obviously the higher the LVR goes, the less leverage bonus investors get, which is worth noting.
Personally, I'm expecting a pause, possibly with a bit of a drop, OR a pause then continue to increase.
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12-10-2016, 02:25 PM
#400
... Well, it looks like the property market has had it's pause and is starting up again
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