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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 12:09 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #7802
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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
    Attached Images Attached Images

  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
    No butts, hold no mutts, (unless they're the furry variety).

  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
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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
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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.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  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 02:03 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  9. #7809
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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 03:45 PM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  10. #7810
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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
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  11. #7811
    percy
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    Quote Originally Posted by Beagle View Post
    Kingfish fund managers think so and have added significantly to their position.
    Was wondering what caused the slump in SUM's sp.
    Now I know,thanks.

  12. #7812
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    Quote Originally Posted by winner69 View Post
    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 to get carried away by the headlines .....esp comparing things to a year ago.
    Wow that's a massive monthly drop in Auckland, off the back of a 0.5% drop last month. Hopefully it rebounds soon because as long as Auckland's house prices continue to fall this fast the regional cities will surely follow.

  13. #7813
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    Quote Originally Posted by winner69 View Post
    ...... 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 to get carried away by the headlines .....esp comparing things to a year ago.
    Some of that downtrend in sales is due to residential property investors not buying and / or not building new. Reserve Bank reports monthly new bank lending for PIs (and other groups). Each $billion down per month on lending to PIs represents several thousand homes not bought by them. Each month. And that class of lending is down $1.7billion per month since peak in mid 2016.

    It's a complex market of course, but those numbers are significant, not least to REAs. Not that the media ever reports them.

    And if people want to know why PIs are not buying, and why plenty are selling up, take a glance at the new Healthy Homes Regs coming into force in a few weeks.

    http://www.legislation.govt.nz/regul...est/whole.html

  14. #7814
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    Quote Originally Posted by percy View Post
    Was wondering what caused the slump in SUM's sp.
    Now I know,thanks.
    Good one percy ...Rey perceptive of you
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  15. #7815
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by allfromacell View Post
    Wow that's a massive monthly drop in Auckland, off the back of a 0.5% drop last month. Hopefully it rebounds soon because as long as Auckland's house prices continue to fall this fast the regional cities will surely follow.
    The medium price hasn't dropped over the last year, see the image clearly depicted in Minimoke's post 7805 which shows Auckland is flat and while you're looking at that you will notice that the medium national price is up 6.4% year on year. The facts are diametrically opposed to your baseless opinion.
    No butts, hold no mutts, (unless they're the furry variety).

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