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  1. #7521
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    The fundamentals haven’t really changed of late ..still quite good.

    If you are so upset about those who do the ‘fearmongering’ and putting out ‘negative stuff’ you should talk to the man himself ...Julian Cook started it all with his ‘flat market’ talk.
    To be fair he singled out Auckland and Chch http://nzx-prod-s7fsd7f98s.s3-websit...995/297965.pdf
    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. #7522
    Speedy Az winner69's Avatar
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    BlackPeter

    ....

    Just looked through the last handful of pages on this thread - and there are a lot of really negative and fear mongering posts (I won't call names) accompanying the recent spike downwards. Some read like doomsday is nigh.

    Etc etc
    ....
    Go on, be a man and ‘call names’
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #7523
    Legend Balance's Avatar
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    https://www.nzherald.co.nz/business/...ectid=12221621

    "Unsold stock and new listings have ballooned."

    Simple - prices are going to continue to drop to meet demand.

  4. #7524
    Legend Balance's Avatar
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    Quote Originally Posted by Beagle View Post
    Those worried that the Auckland market is in decline might want to read this http://www.sharechat.co.nz/article/8...-in-augusthtml
    Labour has already stated that the family home will be exempt from any possible future CGT. I think SUM people, (perhaps currently shut out of the real estate market due to unaffordability) are getting a little over optimistic with their hopes for a 10-15% decline. Besides that if they campaign the next election on the basis of a CGT that's the end of this government's term of "governance"
    Hmmmm.....

    "Auckland's property market showed signs of waking up from an extended lull in August as sale prices, turnover and new listings all increased, says realtor Barfoot & Thompson."

    The ole 'one swallow does not a thirst quenched' comes to mind.

    Or is it ' a swallow does not a summer make'?
    Last edited by Balance; 12-04-2019 at 12:07 PM.

  5. #7525
    Legend Balance's Avatar
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    Quote Originally Posted by Beagle View Post
    Very cheap rate to lock in funds for 7 years. Plenty of financial grunt to undertake their Australian expansion now and pursue strong growth on both sides of the Tasman
    Forward PE only 16.5 and average earnings growth rate of 45% since listing and SUM people think its expensive against a forward market PE in the low 20's...go figure.
    Some people still don't grasp the very basics of sound investing where the PE is less than the growth rate. https://en.wikipedia.org/wiki/PEG_ratio
    Disc: Looking to add SUM more on any slight pullback.
    All the bravado talk and then, sp fell from $7.50 + and has kept falling.

    Who was right and who was wrong?

    All in perspective and all relative to what one wrote before?
    Last edited by Balance; 12-04-2019 at 12:08 PM.

  6. #7526
    Legend minimoke's Avatar
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    Quote Originally Posted by Balance View Post
    https://www.nzherald.co.nz/business/...ectid=12221621

    "Unsold stock and new listings have ballooned."

    Simple - prices are going to continue to drop to meet demand.
    I think it more likely that Auckland is simply in the process of reverting back to norm, rather than the bubble it was in. (Ahh - those were the days when you went to work for the day and your house had gone up more in value that you could earn in a month!)

  7. #7527
    Speedy Az winner69's Avatar
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    OMG the most pessimistic of bank commentators Dominic from Westpac sayingbthey have revised UPWARDS their forecast of property price growth to 3.9% for 2019

    Hope he’s not ramping something ....newbies might fall for it

    https://westpaciq.westpac.com.au/wib...April_2019.pdf
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #7528
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    To be fair he singled out Auckland and Chch http://nzx-prod-s7fsd7f98s.s3-websit...995/297965.pdf
    ‘flat’ is a rather subjective term .....I get the impression that he only said that for the sake of saying something to explain not so good performance
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #7529
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    Quote Originally Posted by winner69 View Post
    ‘flat’ is a rather subjective term .....I get the impression that he only said that for the sake of saying something to explain not so good performance
    Yes we'll ,laying flat on the ground is not the same as being flattened by a steamroller.

  10. #7530
    Membaa
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    Quote Originally Posted by Balance View Post
    Hmmmm.....

    "Auckland's property market showed signs of waking up from an extended lull in August as sale prices, turnover and new listings all increased, says realtor Barfoot & Thompson."

    The ole 'one swallow does not a thirst quenched' comes to mind.

    Or is it ' a swallow does not a summer make'?
    http://www.stuff.co.nz/business/1119...cid=app-iPhone

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