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  1. #7801
    ShareTrader Legend Beagle's Avatar
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    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 11:09 AM.
    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

  2. #7802
    Legend minimoke's Avatar
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    Quote Originally Posted by minimoke View Post
    Yup, you know what it is time for. Another picture!
    From 12 April

    And todays picture

  3. #7803
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by minimoke View Post
    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

  4. #7804
    Legend minimoke's Avatar
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    Quote Originally Posted by Beagle View Post
    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.

  5. #7805
    Legend peat's Avatar
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    For clarity, nothing I say is advice....

  6. #7806
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    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

  7. #7807
    Speedy Az winner69's Avatar
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    Will Julian continue to use days to sell as his excuse for poor sales?

    I think that’s wearing a bit thin.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #7808
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by dabsman View Post
    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 01:03 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

  9. #7809
    Speedy Az winner69's Avatar
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    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 02:45 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #7810
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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