Moosie probably a disaffected non house owner praying for a collapse miracle so he can afford a house.
Different economists have different viewpoints regarding the future. Time will tell but I am very comfortable with the metrics.
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Moosie probably a disaffected non house owner praying for a collapse miracle so he can afford a house.
Different economists have different viewpoints regarding the future. Time will tell but I am very comfortable with the metrics.
This the same Tony who predicted in spring 2016 Auckland's housing prices to rise forever?
https://rwpukekohe.co.nz/news/tony-a...september-2016
BTW - he made good points why Auckland's property prices will keep rising. And I think all but one of his points (impact of foreign buyers) are still true.Quote:
And for the record, here is a link to my 2012 article on 19 reasons why Auckland house prices would keep rising. Most still seem valid. Enjoy if you have already bought. Despair if you have not. And if you have put off buying because of one of the many incorrect forecasts that house prices were about to fall – whoops a daisy.
And now you are saying he went to the dark side? Shudder :scared:
Half way through second quarter
Hope the mystery shopping is doing the trick and sales are booming, esp to n Christchurch and Auckland,
House prices set to rocket ...again
http://www.sharechat.co.nz/article/8...tion-of-7.html
I think the removal of capital gains tax which has been overhanging the market since Labour was gifted the election win by Winston Peter's in late 2017 is a significant factor as is the lowest interest rates I have ever seen. 3 year fixed mortgages from mainstream banks for around 3.8% is quite remarkable.
Different economists will have different views but I tend to agree with Westpac.
Useful to zoom out and have a look at the big picture. Immigration is still running really strong and will underpin the market demand-supply equation and the cost of building a new home has been rising at an alarming rate vastly in excess of the inflation rate in no small way due to the ridiculously expensive and draconian building consent processes.
SUM's metric s have never been more compelling since it listed 7 1/2 years ago, (a fact all the naysayers and doomsday merchants always very conveniently overlook).
Another factor they never mention is the quality of the management and the board and the unprecedented track record of profit growth SUM has achieved since listing which to the best of my knowledge is unmatched by any other company on the NZX including the much revered Ryman.
Excellent long term hold in my opinion.
Worry is that Dominic and I are on the same wavelength ....I said 5% plus a week or so ago but that’s dependent on the number of house sales picking up quite significantly.
But when it comes down to it we believe the things we read that are seen to be positive for SUM eh ...gives us the warm fuzzies eh.