Every man and his dog is loaded to the gills here waiting for the pump, even a small disappoint its pph-2
Disc: hold avg 71c not buying....... too much uncertainty
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Every man and his dog is loaded to the gills here waiting for the pump, even a small disappoint its pph-2
Disc: hold avg 71c not buying....... too much uncertainty
I bought the dip. But then it kept dipping. Now 10% of my portfolio and yes a lot of uncertainty.
But only weak hands would sell now..
A 4 bedroom house sold down the road from me today for $2m. It’s really only worth $1.8m. The economists have never got the property market right, been reading about a correction for various reasons for two decades. They make a good headline and sell papers. But it never comes true.
Increased interest rates might stabilize housing prices for a few years which would be a good thing, but a big correction is rubbish. As if the RBNZ would increase them so much as to crash the economy.
There is a massive floor of FHBs sitting in the wings. And once covid is gone and immigration cranks up we will be back to more housing shortages.
Can’t see PPH2 happening here.. totally different kettle of fish.
Yeap, economists have predicted 18 of the last 2 recessions. I'm not expecting much for the half year report but the second half should be very good.
I will play possum stuck in the headlights.
Finally exited ATM and put almost all of the proceeds into OCA. Massively overweight but eventually couldnt resist at 134.
Boom !! National median house price up 12.6% on last month !!
https://www.reinz.co.nz/Media/Defaul...ber%202021.pdf
]Boom !! National median house price up 12.6% on last month !!
https://www.reinz.co.nz/Media/Defaul...ber%202021.pdf[/QUOTE]
It will be interesting to see how they report property Price increase in their Portfolio on 29/11 not withstanding that this if prices continue will be part of Full Year. I can't see how this effects the sector given they use medium house price.
Even the HPI is up 3.3%! OCA price is still down even if volumes are low.
The US 10 year bond spiked aggressively last night on their huge inflation numbers and the NZ bond yeilds are also up strongly today. I think this is what the market worries about the most.
Not to mention that Evergrande just defaulted on bonds which is likely to create more shockwaves.