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  1. #7931
    Advanced Member
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    Hell of a big transaction just took place $52,000,000??

  2. #7932
    Investor
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    Quote Originally Posted by Ggcc View Post
    Hell of a big transaction just took place $52,000,000??
    And crossed at $5.30 a piece

  3. #7933
    Speedy Az winner69's Avatar
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    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #7934
    percy
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    Quote Originally Posted by winner69 View Post
    Hopefully the market will start to look forward again,and when SUM's sp downtrend reverses, it will be time to buy back in.

  5. #7935
    Senior Member
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    Extract from "House prices on way uo" suggests jury is still out regarding property a bit of positive/negative. This mornings large crossing of almost 10M @ $5.30 appears someone has heaps to sell and could destroy a bit more capital for newly SUM holders?

    "However, other indicators suggest the market remains somewhat sluggish. The number of houses sold across the country fell 7.8 percent to 7,263 compared with sales in May last year with Auckland sales down 21.8 percent to 2,462.

    And the number of days it took to sell a house in May stretched by three days to 41 nationally and by five days to 45 in Auckland compared with May last year."

  6. #7936
    Legend minimoke's Avatar
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    Quote Originally Posted by minimoke View Post
    From 12 April

    And todays picture
    And time for today picture.

  7. #7937
    Senior Member
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    Houses are up vs last year, but imo look bad compared with more recent data. Note: i only looked away the Wellington region

  8. #7938
    Legend minimoke's Avatar
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    Quote Originally Posted by Lewylewylewy View Post
    Houses are up vs last year, but imo look bad compared with more recent data. Note: i only looked away the Wellington region
    Most recent data (as per picture above) wellington up 5.4%

  9. #7939
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    Quote Originally Posted by minimoke View Post
    Most recent data (as per picture above) wellington up 5.4%

    The HPI has Wellington City up a massive 6% on May last year which is pretty fantastic. What one defines as ‘recent’ varies but the past 3 months don’t look too flash for Wellington City (down -3.2%) which is nothing too concerning given the cities recent increases.

    It’s nice to see Auckland City’s HPI recover of last months drop and rebound up 1% but still down -3.7% on May 2018. There really is no point using the median when the HPI is available and as shown by the charts provided by REINZ it is a much less volatile metric.

    https://www.reinz.co.nz/Media/Defaul...May%202019.pdf
    Last edited by allfromacell; 14-06-2019 at 03:07 PM.

  10. #7940
    Legend minimoke's Avatar
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    Quote Originally Posted by allfromacell View Post
    The HPI has Wellington City up a massive 6% on May last year which is pretty fantastic. What one defines as ‘recent’ varies but the past 3 months don’t look too flash for Wellington City (down -3.2%) which is nothing too concerning given the cities recent increases.
    Property isn't like shares where we can look at quarterly results and see subsequent swings. Property is a long term thing - a year on year variance is the shortest time frame we should worry about. Anything less is subject to the vagaries of an illiquid market and one or two properties in that market disproportionatly affecting the median or average.

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