It's going to cycle by cycle. Current cycle is clearly not favour RV but the cycle won't last forever. Investors should take the chance to accumulate quality companies and wait for next cycle.
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IMHO it is about time that the IRD started taxing revaluations as we all know that they are smoke and mirror B S, if this was the case then all property companies would show a honest balance sheet.
What goes up can come down !
No, we dont have nor want a capital gains tax.
Tax it and the sector will fall further and harder, and the sector will need to scramble
for further Cash to sure up what surplus (if any) they have.
What we need is Honest Reporting - are they Rest Home Operators or Large Scale
Commercial Property developers as a taxable activity ?
Bear in mind there are many thousands of captive Unit occupiers in the Sector, so the least
possible shaking of the tree will be needed to protect them :)
Down another $ today, 8% !.
Could we go sub $ 5-00 ?
Must be a substantial capital raising in the offing.
Talks about capital raise with brokers and instos already behind the scene?