SUM - Summerset Group

[BlackPeter]

Just as well the Auckland well to do don’t sell up and move into retirement villages

Maybe couldn’t afford some of those expensive Summerset apartments

https://www.stuff.co.nz/business/112...ute-data-shows

Some did win, some did lose. Median sales price per month is as well not terribly significant - sometimes its the more expensive houses which sell, and sometimes the less expensive. Sounds like though the people in Takapuna have plenty of additional money to spend.

Makes no difference to Summerset or any other retirement village from which suburb the well-off buyers come - and I guess not everybody is after the 200 sqm unit with beachfront anyway. Most units would be priced well below the average Auckland house price.

Just one of the hyped up property market articles - no wonder journalists are not paid well, they get what they deserve.

[tipsy]

Just as well the Auckland well to do don’t sell up and move into retirement villages

Maybe couldn’t afford some of those expensive Summerset apartments

https://www.stuff.co.nz/business/112...ute-data-shows

Damn, pretty surprised by that

Prices were down...
Mt Albert: 31.2 per cent
Royal Oak: 25.4 per cent
Long Bay: 24.8 per cent
Westmere: 22.5 per cent
Kohimarama: 21 per cent
Parnell: 20.8 per cent
Albany: 20.5 per cent
Mt Eden: 20.1 per cent
Herne Bay: 17.2 per cent
Freemans Bay: 17 per cent

Was looking at the 2 bed villas at Summerset Ellerslie, asking 980k

[winner69]

Damn, pretty surprised by that

Prices were down...
Mt Albert: 31.2 per cent
Royal Oak: 25.4 per cent
Long Bay: 24.8 per cent
Westmere: 22.5 per cent
Kohimarama: 21 per cent
Parnell: 20.8 per cent
Albany: 20.5 per cent
Mt Eden: 20.1 per cent
Herne Bay: 17.2 per cent
Freemans Bay: 17 per cent

Was looking at the 2 bed villas at Summerset Ellerslie, asking 980k

That’s one heck of a price for a villa mate

If you live in any of those suburbs listed you might think twice about it - was that what you are saying.

[tipsy]

That’s one heck of a price for a villa mate

If you live in any of those suburbs listed you might think twice about it - was that what you are saying.

Definitely, but that's just me. Does look a very nice development though. I'd probably just grab one of the small apartments if I really needed the facilities.

I have however bought back a small parcel in the 5.50's after selling out near the top. House price weakness doesn't really concern me all that much and any major drop in share price will see me topping up. As always these retirement stocks are long term plays.

[winner69]

Definitely, but that's just me. Does look a very nice development though. I'd probably just grab one of the small apartments if I really needed the facilities.

I have however bought back a small parcel in the 5.50's after selling out near the top. House price weakness doesn't really concern me all that much and any major drop in share price will see me topping up. As always these retirement stocks are long term plays.

Good on you tipsy

There’s always somebody else who’ll pay the $870k for that villa

Good margin in that for Summerset ...maybe $300k odd

[bull....]

failure to rise back above $6 this week will confirm the breakdown thru support in my analysis. watching for the CGT release soon this could have a big downside risk for these stocks

that rejection of price over $6 is savage

[winner69]

that rejection of price over $6 is savage

AGM next week ..might be some grumpy share holders present if share price falls any further.

I’ve voted against the Directors getting a pay rise. Essentially voted NO as i’d just read an article about how careworkers had been given a decent pay rise but the companies were asking them to work shorter hours and take on additional tasks ...like doing heaps more a little more.

[BlackPeter]

that rejection of price over $6 is savage

Your focus on short term jitter is truely amazing ...

Always follow the thick red dotted line:

SUMlongtermtrend.jpg

I'd say they are nicely on track ;

[winner69]

Your focus on short term jitter is truely amazing ...

Always follow the thick red dotted line:

SUMlongtermtrend.jpg

I'd say they are nicely on track ;

You are not using ln(price) .....might look slightly different

Thats what snowy would say

[BlackPeter]

You are not using ln(price) .....might look slightly different

Thats what snowy would say

I know ... and you are right - it (obviously) does look slightly different:

SUMlog.jpg

Still pointing upwards, but the (linear) support line gone (well, less clear support ; Maybe more analysts using linear scale than log? Lets not forget that we are here not talking laws of nature, but just self full filling prophecies created by fallible human beings.