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There are no doubt plenty of other things we could add to those two lists, but it's a weighing machine right, and at the end of the day I don't think the downside will be that great. I'll be surprised if we see greater than a 10% drop nationally, followed by 2 to 4 years of generally flat. Some areas won't drop at all, others will drop maybe upwards of 20%.
Life goes on and we like our houses.
Top post and I agree 100% with your conclusion. According to REINZ Auckland average was up 4.9% in the first quarter. In my opinion that probably corrects down and balances out by the end of the year and companies like MET with most of its assets in Auckland will see their NTA of $7.00 as at 31/12/2019 not materially different by the end of 2020.