OCA - Oceania Group - retirement villages

[Gunner]

Are you anticipating that sometime in the not too distant future?

No sign of it yet it or the next 6 months imo. See what the LVR and interest rates are doing early mid next year.

[Cyclical]

No sign of it yet it or the next 6 months imo. See what the LVR and interest rates are doing early mid next year.

Yeah, I'm inclined to agree. I read the article over at Interest that dreamcatcher posted a link to in the Summerset thread, so see where he's coming from, but a cooling of the property market, which would only be natural after the recent increases, is a lot different to a retraction, if that's what he means by waning. Too big issues here...under supply and cheap money. The gov can't do jack about the cheap money as the dollar is already getting too high for the exporters, so they actually need to stop talking and get real about sorting out the supply side. So a "cooling" of the market I'm expecting in the new year, but otherwise same same for the next few years...covid or serious geopolitical notwithstanding...at which point we've got other things to worry about.

[dreamcatcher]

Are you anticipating that sometime in the not too distant future?

Just another property story from today

"We may be looking at the beginning of the end of the current housing boom, Realestate.co.nz figures suggest"

[Gunner]

Yeah, I'm inclined to agree. I read the article over at Interest that dreamcatcher posted a link to in the Summerset thread, so see where he's coming from, but a cooling of the property market, which would only be natural after the recent increases, is a lot different to a retraction, if that's what he means by waning. Too big issues here...under supply and cheap money. The gov can't do jack about the cheap money as the dollar is already getting too high for the exporters, so they actually need to stop talking and get real about sorting out the supply side. So a "cooling" of the market I'm expecting in the new year, but otherwise same same for the next few years...covid or serious geopolitical notwithstanding...at which point we've got other things to worry about.

Agreed. All about the supply but too many invested parties on the quite dont want house price inflation to decrease imo. Every few years or less the same old issue of house price inflation pops up but no party seem to be able to sort it out.

Most of thse politicians really are clueless. Kiwibuild, nice try but no. About as effective as having an ex wood work teacher and career politician in charge of the chch eq rebuild a.k.a Gerry Brownlee.

[dreamcatcher]

Only people wishing for house price decreasing is BUYERS but agree house owners are enjoying the rally as is the NZ economy.

[Blue Skies]

I thought Don Brash made some interesting observations on Q& A last week,

1) the challenge for any government, which no govt has been able to face is to bring down property prices AND get re-elected,

and 2) the cost of land, when a small section in a place like Flat Bush miles out from the centre of Auckland costs $800,000, and you put a cheap $300,000 house on it, you’re well over the million dollar mark and 10 X the average wage, when it should only be 3 or 5 X the average wage.

NZ is now the most expensive English speaking country in world for housing relative to income.
They have to bring down the cost of land and that’s to do with councils freeing up urban boundaries and working out how to pay for infrastructure like roads and water for new developments without immediately loading it all onto the price of the development.

[dompf]

I thought Don Brash made some interesting observations on Q& A last week,

1) the challenge for any government, which no govt has been able to face is to bring down property prices AND get re-elected,

and 2) the cost of land, when a small section in a place like Flat Bush miles out from the centre of Auckland costs $800,000, and you put a cheap $300,000 house on it, you’re well over the million dollar mark and 10 X the average wage, when it should only be 3 or 5 X the average wage.

NZ is now the most expensive English speaking country in world for housing relative to income.
They have to bring down the cost of land and that’s to do with councils freeing up urban boundaries and working out how to pay for infrastructure like roads and water for new developments without immediately loading it all onto the price of the development.

Vancouver, Sydney and Melbourne have more expensive house to income according to Canstar 2020.

Government needs to overhaul RMA they do need to free up land, they also need to reign Fletchers in, as the cost to build as house in NZ is way too high.

[winner69]

Our Liz named Chairperson of Year at big Deloittes annual do last night

Oceania not mentioned though .....maybe it’s their strategy to keep a low profile in the investment world.

[Habits]

Agreed. All about the supply but too many invested parties on the quite dont want house price inflation to decrease imo. Every few years or less the same old issue of house price inflation pops up but no party seem to be able to sort it out.

Most of thse politicians really are clueless. Kiwibuild, nice try but no. About as effective as having an ex wood work teacher and career politician in charge of the chch eq rebuild a.k.a Gerry Brownlee.

I was with you until you had a stab at GB, the nats did not get everything right but what they did get is affordable housing by removing the RMA rules in chch The RMA has to be the dumbest act ever legislated in nz along with other moves by the green lobby. Thankfully national got rid of wholesale tree protection and brought in the supercity. Look whats happening in canal rd Avondale, tree protesters trespassing and banging on for a few scruffy and poorly maintained trees where development is badly needed. Its their chance to make a big noise and I think some politicians have already been down there which is disgraceful.

[Beagle]

Our Liz named Chairperson of Year at big Deloittes annual do last night

Oceania not mentioned though .....maybe it’s their strategy to keep a low profile in the investment world.

Alan Isaac is now president of the Institute of Directors...Senior management are supported by a very high caliber board of directors.
https://www.iod.org.nz/about-us/our-council/#