I don’t think it’s a single seller, the market could be concerned that our current nursing shortage will look cute looking back in 6 months time when our health-system could be terminal from the effects of Covid-19. Remember you can still end up in hospital after 2 shots and our health staffing and infrastructure are an embarrassment.
Our residential property bubble is also ripe for a good pop as interest rates rise and some kiwi’s learn a hard lesson about diversification and leverage.
Happy to hold but these two risks are very real imo.