I must say I'm finding the last 4-5 posts by Blue Skies , Curly and Baabaa rather refreshing!
Agree-The Govt NEED retirement companies to build stuff, they are so good at it. They will not be even close to their gun sights. These recent policies are openly not designed as tax grabs, or some sort of tall poppy punishment.
Agree-Retirement villages DO NOT rely on housing prices rising to increase profits. (although I calculate it is necessary to get a CAGR over 15%)
Its been a nearly a week now since the tax changes and its become apparent down here in little olé Wanganui nobody give a rats arse anymore. That stuck boat thingy was far more exciting. The good folk down here have moved on with impressive ambivalence. But lets face it, their opinions do actually count as they are the actual house buyers/owners. I take this as a positive sign that the sky isn't about to fall just yet.
FWIW we had the highest price growth with Gisborne the last couple of years so we have become quite property nutty like the rest of NZ.
So just maybe property doesn't crash for now and maintains from here with just rises inline with wages . A CAGR of 18-22% is still most likely IMO with OCA.