Property Stocks

[Bling_Bling]

Have you guys notice that all the property stocks are rallying?

APT, CNZ, ING, TTP, MGP, CDI, PFI, URB, KIP

Can this rally continue?
How come interested rate rise have not affected these property stocks?

[cdt18]

Rally caused by raid on CNZ by KIP methinks.

[Bling_Bling]

The funny thing is that with interested moving up for the last few months hav not slow down the rise in these property stocks.

[Halebop]

I suspect we are now appraching the "wacky" end of the property cycle. Will it end in tears?

[Bling_Bling]

Me thinks the NZ property market is a hard one to pick. On the one hand our economy is strong and will continue to stay strong as long as the commodity prices are strong. But on the other hand, we are seeing a slow down on net migration into NZ and the property is artificially cropped up by wealth foreign investors and traders.

"She's a tough one mate"

HALEBOP I certainly hope so

[Steve]

quote:Originally posted by ENIGMA

HALEBOP I certainly hope so

Enigma, you are hoping to see tears?!

Halebop Really bigtears buckets of them from the owners of residential properties.

[troyvdh]

Enigma,why would that be then.

[Bling_Bling]

Enigma, you must have sold out your properties recently and underweight in your portfolio... LOL

Me think this property market will only drop a little and not see the crash like before. NZ economy is in good shape and interest rates have leveled off.