OCA - Oceania Group - retirement villages

[YoungBull]

Just want to say I'm a young (22) investor, and the group on this thread has supplied me with a wealth of information over the time that I've been watching in the shadows. An incredible broad range of insight on this thread, thanks guys. I picked up Oceania on its fundamentals a while back, exciting future.

[Bjauck]

Latest REINZ statistics are out and volumes and prices are VERY strong https://www.reinz.co.nz/Media/Defaul...ber%202020.pdf

National medium price up a remarkable 14.7% year on year and highest number of property sales for 42 months. The market is on fire and with interest rates from as low as 1.99% it would seem its only going to go one way https://reinz.co.nz/residential-property-data-gallery

The lovely Bindi, CEO of REINZ says Auckland sales were the strongest in 52 months ! https://www.nzherald.co.nz/business/...3R3MSSNPX4FF4/

Aye...The Labour Party is making sure the cost of Covid will fall on long-suffering income earners by increasing the tax rate, while real estate owners get the untaxed windfall gains from the Covid response . Go figure!

[Leftfield]

Just want to say I'm a young (22) investor, and the group on this thread has supplied me with a wealth of information over the time that I've been watching in the shadows. An incredible broad range of insight on this thread, thanks guys. I picked up Oceania on its fundamentals a while back, exciting future.

Welcome to the forum...... you've made a great start..... wish I had had this sort of investing info' when I was 22!! (in my day's it was an all via brokers with an abacus or nothing.)

[dobby41]

Aye...The Labour Party is making sure the cost of Covid will fall on long-suffering income earners by increasing the tax rate, while real estate owners get the untaxed windfall gains from the Covid response . Go figure!

Whereas it could be said that National is putting more cost on future generations by giving a tax cut while estate owners get the untaxed windfall gains from the Covid response.

[Waltzing]

is this moving back to tax? just saying ...

[Ggcc]

Whereas it could be said that National is putting more cost on future generations by giving a tax cut while estate owners get the untaxed windfall gains from the Covid response.

Bottom line is owning houses works well for everyone, regardless which major party they vote for. No Party wants to introduce a capital gains tax stronger than the bright line tax system on houses. It is unfair, but hey who wants to change that?? We all have it in us to minimise the taxes we have to pay.

[Beagle]

Tax...YAWN...lets get back to the lovely Bindi from REINZ and those extraordinary real estate statistics. Volume and price are important for companies in this sector and its great to see the market is really performing well in both respects.

[Baa_Baa]

Tax...YAWN...lets get back to the lovely Bindi from REINZ and those extraordinary real estate statistics. Volume and price are important for companies in this sector and its great to see the market is really performing well in both respects.

The REINZ stats are eye watering! Considering OCA's independent valuers got it SO WRONG for last balance date, there's a ton of valuation catch up coming which imo is far from priced into the SP.

[winner69]

hey Beagle - don't concentrate on annual increases (like v Sept 19)

You need to look at whats happening NOW

Like HPI for Auckland up 2.4% in last month and 6.4% over last 3 months (June to Sept)

That's nearly a 30% annualised increase

Aren't Oceania selling a few in Auckland at the moment

Cool eh

[Bjauck]

Tax...YAWN...lets get back to the lovely Bindi from REINZ and those extraordinary real estate statistics. Volume and price are important for companies in this sector and its great to see the market is really performing well in both respects.

Fair enough. Although tax issues are more relevant to a discussion on the property market and Oceania than whether Bindi is "lovely".