Originally Posted by
dibble
Awful lot of Adern-haters spraying this thread with their toxins. I dont recall National being much use on housing either, anyone remember nick Smith's promise of a "total overhaul" that quietly disappeared?
Housing is predominantly a supply and demand issue.Tax is messing at the periphery and no party seems prepared to really treat it as such. So I doubt prices will drop to any great degree from the latest tinkering, but I do expect a whole lot of ranting and steam from vested interests, as is already well evident.
Taking it further, is the retirement sector directly correlated to the price fluctuations of the general market? To a degree, yes of course, but our aging population ensures demand for a scarce and premium product on a graph whose trend is forever upwards so long term Im not worried. Who would have guessed craft beer would go up $2 in a recession. Human behaviour is not linear.
Input costs are probably a bigger story than house price fluctuations for OCA.
That said I dont think I will be taking up the offer, sentiment might take the SP lower than 1.3 over the next 3 months.