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14-05-2019, 10:58 AM
#7801
https://www.msn.com/en-nz/money/home...cid=spartandhp
National medium price up 6.4% year on year and unchanged from March. Hardly the massive fall that the naysayers keep predicting but I am sure some will twist these statistics to read whatever they want to read out of them.
https://reinz.co.nz/residential-property-data-gallery
Canterbury up 4.3% YOY and Auckland flat.
As we know from SSH notices Kingfish have added to their position in SUM http://nzx-prod-s7fsd7f98s.s3-websit...516/299801.pdf
Westpac economist predicts house price increase of 7% https://tmmonline.nz/article/9765148...t+will+rebound
Last edited by Beagle; 14-05-2019 at 12:09 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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14-05-2019, 12:35 PM
#7802
Originally Posted by minimoke
Yup, you know what it is time for. Another picture!
From 12 April
And todays picture
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14-05-2019, 12:42 PM
#7803
Originally Posted by minimoke
From 12 April
And todays picture
No this can't be right MM, there must be a mistake in there somewhere, surely ?...National medium price up year on year 4.5% last month but now up YOY by 6.4% April 2018 to April 2019. Wait, this trend is for the medium rate of increase to be actually increasing, surely not !...This cannot be right as everyone tells me the sky is falling on real estate and its falling off the edge of a cliff
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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14-05-2019, 12:46 PM
#7804
Originally Posted by Beagle
No this can't be right MM, there must be a mistake in there somewhere, surely ?...National medium price up year on year 4.5% last month but now up YOY by 6.4% April 2018 to April 2019. Wait, this trend is for the medium rate of increase to be actually increasing, surely not !...This cannot be right as everyone tells me the sky is falling on real estate and its falling off the edge of a cliff
I guess that is the difference between uninformed opinion and fact. (Look also at all the little "r"s in the wee circles . A few upwards records there as well.
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14-05-2019, 12:51 PM
#7805
For clarity, nothing I say is advice....
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14-05-2019, 12:54 PM
#7806
Member
It is a perfect time to accumulate. Contrarian maybe but then I look at the Real Estate figures minimoke posted and I wonder if am I contrarian at all? Then you look at interest rates and WBC saying they expect an accelerating housing market... fill your boots at this price
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14-05-2019, 01:33 PM
#7807
Will Julian continue to use days to sell as his excuse for poor sales?
I think that’s wearing a bit thin.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-05-2019, 01:58 PM
#7808
Originally Posted by dabsman
It is a perfect time to accumulate. Contrarian maybe but then I look at the Real Estate figures minimoke posted and I wonder if am I contrarian at all? Then you look at interest rates and WBC saying they expect an accelerating housing market... fill your boots at this price
Kingfish fund managers think so and have added significantly to their position.
Last edited by Beagle; 14-05-2019 at 02:03 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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14-05-2019, 02:14 PM
#7809
From those REINZ reports HPI for April is DOWN 1.2% from March (akl down 2.1% and rest of NZ down 0.4%)
Number of sales in April down 11% from a year ago and numbers have trending down for a whole now. High correlation between number of house sales and house prices so current trend a bit of a worry....unless the number of sales pick up from here.
Doesn’t always pay to get carried away by the headlines .....esp comparing things to a year ago.
Last edited by winner69; 14-05-2019 at 03:45 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-05-2019, 02:23 PM
#7810
Originally Posted by Beagle
Kingfish fund managers think so and have added significantly to their position.
Yes SUM are pretty good value at current price.
Esp if Julian pulls finger and gets things moving along a bit faster
”When investors are euphoric, they are incapable of recognising euphoria itself “
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