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  1. #481
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    Quote Originally Posted by Bjauck View Post
    In the linked pdf from W69...look at the graph "Number of People Per Private Dwelling" since May 2008 it has been increasing. Of course that could mask what has been happening in the poorest households...the number of occupants per dwelling could have been increasing at an even higher rate in those households. in addition of course the situation has been been more exaggerated in Auckland than with national figures.
    Aging population will also help to keep the averages down (more elderly = more one or two people households). It is what is happening at the margins that is important, and I suspect you are right Bjauck.

  2. #482
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    Quote Originally Posted by artemis View Post
    Occupants per dwelling have increased? Not according to the last census, though it may change in next year's census. ....
    In the linked pdf from W69...look at the graph "Number of People Per Private Dwelling" since May 2008 it has been increasing. Of course that could mask what has been happening in the poorest households...the number of occupants per dwelling could have been increasing at an even higher rate in those households. in addition of course the situation has been more exaggerated in Auckland than with national figures.

    From the pdf...."In light of all the factors that determine the level of building, including new housing costs, what has been built largely reflects demand. This isn't the same thing as saying there aren't lots of people living in unsatisfactory housing conditions." (my emphasis)

  3. #483
    An awesome cool cat winner69's Avatar
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    The housing crisis (if there is actually one) won't be fixed until we treat houses as homes and not as stores of wealth
    The bullish case is always most compelling on the highs.

  4. #484
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    Quote Originally Posted by winner69 View Post
    The housing crisis (if there is actually one) won't be fixed until we treat houses as homes and not as stores of wealth
    Unfortunately that concept would be antithetical to the beliefs of western society. At this point, I can't see it changing.

  5. #485
    Guru peat's Avatar
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    I'm calling a top in the Auckland property market and currently have my apartment up for sale
    I've owned it a long time so I'm not really a trader, but at this point I want the money.
    I will of course have to live somewhere so I will move to the country and semi-retire.
    For clarity, nothing I say is advice....

  6. #486
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    if your apartment is in that golden most desired central circle in which there is more water than land i cant see much happening to prices, demand/desire will always exceed supply.

  7. #487
    Guru peat's Avatar
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    it certainly is JT,
    in case anyone wants to view my little world and consider an investment or a lifestyle living here is the advert.

    https://www.trademe.co.nz/Browse/Lis...?id=1523153760
    For clarity, nothing I say is advice....

  8. #488
    An awesome cool cat winner69's Avatar
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    Quote Originally Posted by peat View Post
    it certainly is JT,
    in case anyone wants to view my little world and consider an investment or a lifestyle living here is the advert.

    https://www.trademe.co.nz/Browse/Lis...?id=1523153760
    Nice

    Jeez $700k for 56sqm ... must be a bubble of sorts

    Mind you the car park alone is worth heaps I'm told

    The country will look so spacious eh

    Good luck ....hope you get $800k
    The bullish case is always most compelling on the highs.

  9. #489
    Guru peat's Avatar
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    Quote Originally Posted by winner69 View Post
    Nice

    Jeez $700k
    .hope you get $800k
    Inflation IS rife! lol
    For clarity, nothing I say is advice....

  10. #490
    Guru peat's Avatar
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    Quote Originally Posted by peat View Post
    it certainly is JT,
    in case anyone wants to view my little world and consider an investment or a lifestyle living here is the advert.

    https://www.trademe.co.nz/Browse/Lis...?id=1523153760
    looks like a deal will be cut tomorrow - very exciting!
    For clarity, nothing I say is advice....

  11. #491
    Guru peat's Avatar
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    Quote Originally Posted by peat View Post
    looks like a deal will be cut tomorrow - very exciting!
    nervously waiting for it to go unconditional.... why did there have to be a stockmarket correction right now.

  12. #492
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    Great location Peat, hope you got more through auction. First thing i would do is make the bed a swing down one. Where to next?Good luck

  13. #493
    Guru peat's Avatar
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    Quote Originally Posted by Joshuatree View Post
    Where to next?Good luck
    I have a conditional agreement on a house in Whanganui.
    I'm still waiting for my sale to be confirmed. Kinda nervous about it given the state of the financial markets.
    For clarity, nothing I say is advice....

  14. #494
    Guru peat's Avatar
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    Quote Originally Posted by peat View Post
    I'm still waiting for my sale to be confirmed. Kinda nervous about it given the state of the financial markets.
    My sale has now gone unconditional. 4 weeks all up. (Oh and another couple until settlement). Not bad liquidity for property.

    Now I just want to make this perfectly clear that I have never been a property speculator. But as a person in NZ I have simply recognised the importance of tenure.
    And so back in 2001 when I tried to rent for a while, after selling a Kingsland villa, it wasnt three months till the landlord wanted me to let viewers through the property. I was livid about that and said no, I am moving out thank you as I am not living in a property on the market - no quiet enjoyment!
    So I bought my current apartment
    16 years later the price has tripled and I can bank half a million gross profit (untaxed of course). So given I put a hundred K into the venture that would approximately equal a five bagger.
    I just couldnt resist and now the deal is done.

    And because I am moving to a completely different property market I get to keep half the spoils.
    Thanks Auckland

  15. #495
    FEAR n GREED JBmurc's Avatar
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    Great work peat ... property alway been a great way to accumulate wealth

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