Good news Stories

[Capitalist]

Hickey is an idiot Moke. He is only interested in pushing his ideological barrow - reality just doesn't figure into it.

People make money out of property - fact. You can't stop them investing in it no matter how much some bobbleheads want them to.

[Dr_Who]

Hickey is an idiot Moke. He is only interested in pushing his ideological barrow - reality just doesn't figure into it.

People make money out of property - fact. You can't stop them investing in it no matter how much some bobbleheads want them to.

I agree.

Didnt he make a prediction last year the property market collapse 30-40%? I guess alot of people (including some in here) believe in the crap that comes out of his mouth.

Is the National govt preparing us for a capital gains tax or are they blowing hot air again?

[Capitalist]

I think they are blowing smoke Dr Who.

The mantra that NZers don't save enough is also rubbish - their houses are their savings.

Economists are contrarian indicators really -- and losers to boot. How often do see an economist on the Rich List?

[MrDevine]

"eEconomists are contrarian indicators really -- and losers to boot."

Exactly, I reckon the media should start quoting posters on Sharetrader.

Well said Capitalist.

Mr D.

[minimoke]

I think they are blowing smoke Dr Who.

The mantra that NZers don't save enough is also rubbish - their houses are their savings.

I'm inclined to agree. There seems to be a bit of envy over the past few years with how property owners have increased their overall wealth.

What people loose sight of is that landlords are up for tax on profits which includes the sale of a property at a value over the purchase price. Its just that IRD aren't good at tracking these missing taxes.

And there is nothing wrong with property as "saving". What we should be looking at is overall asset accumulation. Doesn't matter where or how - people might like fixed term deposit assets, kiwisaver assets, share assets, cash asset or property assets - or even a mix. What we shoudl be aiming for is an increase in an individuals wealth - but thats not politically paletable even for a National governement. Which is a shame.

[Ptolemy]

And there is nothing wrong with property as "saving". What we should be looking at is overall asset accumulation. Doesn't matter where or how - people might like fixed term deposit assets, kiwisaver assets, share assets, cash asset or property assets - or even a mix. What we shoudl be aiming for is an increase in an individuals wealth - but thats not politically paletable even for a National governement. Which is a shame.

There is nothing wrong if it is funded by productive earnings. What is wrong is that it is not - it is funded by ever increasing debt. That is the problem for NZ.

We do not have enough productive earnings in NZ to pay for this ever increasing debt (that is why our current account deficit continues to grow). Essentially the housing market is one large Ponzi scheme - values being driven further and further up by access to credit via overseas banks.

[The Great Gold Guru]

Property in Wanganui went unconditional yesterday. Will be cashflow positive of $320pm when renovation work is done and is re-let at $150pw each flat, This assumes 100% gearing with interest rate locked at 5.50% for 1 year.

That's one found ... now , where is number 2 ?

[minimoke]

REINZ data now out shows no fall off in median values (hanging in there at $340,000) - pretty good going in the winter months. More importantly median time on market has dropped down to 37 days - pretty much the lowest rates since the markets "highs" in Nov 2007.

[minimoke]

Its reported today that floating mortgage interst rates are at the lowest in 40 years. Kiwibank is at 5.79 and BNZ on 6.3%. The last time we had rates around this level was in 1966

[newbietrader]

Its reported today that floating mortgage interst rates are at the lowest in 40 years. Kiwibank is at 5.79 and BNZ on 6.3%. The last time we had rates around this level was in 1966

would you get into rental property with 10% deposit and knowing the term deposit can go up high from next year to double digits? That includes floating rate up following the term rate.