https://www.newshub.co.nz/home/new-z...f-funding.html
Printable View
The fact the stories are becoming more frequent and dire ...makes me think will lead to some action finally ...as now its not just question of profitability but continuing operations or not ....which any Govt cant afford as its such a sensitive issue ...Not taking care of our aged people !!
The HPI is Auckland City & Wellington City is down 5.6% & 7% over the past 3 months respectively. The author has literally used the least accurate metric we have of tracking the market simply because it looks the best and he wants to defend his bags.
The settlement data is behind by several weeks, the reality on the ground is people are worried and values are falling at breakneck pace, much faster then I recall US home values falling in GFC.
I think regardless the OCA share price has fallen much more than justified but it's clear the housing market crash (and it is a crash) is playing a part in the sentiment.
P.S - For the sake of NZs future and retaining young people who are we desperately need to pay for all the boomers heading into care, this is a good thing and and great relief.