The dips are there for you to take advantage of if you think they aren't rational.
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Yes...No...maybe...no hellfire and brimstone changes to immigration like some were predicting https://www.msn.com/en-nz/news/natio...cid=spartandhp
SUM have $430m in embedded value in their units as at 30/6/2017 which is up significantly on 31/12/2016. The Auckland market according to REINZ official median price data has still been increasing this winter despite record rainfall, much tighter lending policies applied by the banks and political uncertainty.
Now that political uncertai9nty is out of the way and there's no major sea change to immigration AKA what Winston Peter's wanted, its business as usual and I expect on a national basis, (remember SUM only has 6 retirement villages in Auckland) to see that Embedded value continuing to increase.
NZ superannuation fund now a 5% shareholder, average buy price 5.08.