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03-03-2021, 01:48 PM
#8031
Member
Housing boom 'past peak', prices to fall, interest rates to rise: Westpac chief economist
https://www.nzherald.co.nz/business/...OJ6M4ZYWLMJ7Y/
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03-03-2021, 01:59 PM
#8032
 Originally Posted by Pegasus2000
Did you read past the headline? 17% rise this year expected, hes talking 2028.
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03-03-2021, 02:02 PM
#8033
Economists forecasts of house prices are just like asking for a long term prediction of the weather...all you can reliably say about the long term is its going to get hotter !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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03-03-2021, 02:14 PM
#8034
I suggest 15% price increases across the board to take effect 1/04/2021. Sign up now or pay more later.
Sorry about that, (old) folks! Keep saving!
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03-03-2021, 02:39 PM
#8035
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03-03-2021, 03:27 PM
#8036
Originally Posted by macduffy
Sorry about that, (old) folks! Keep saving!
You're kidding right ? Average house price increase in the last year is about 17% and most are trading down and reinvesting only a modest part of their house sale into an OCA unit.
The cost of materials to construct new units has risen strongly in the last year as has the cost of land and wages as well as house prices and a host of other things.
Importantly also the cost of staff to run OCA facilities has risen 8% as well.
People need to be realistic and realise that if all the input costs into creating and running a retirement village have gone up by a significant amount the cost of the units and the weekly fees have to rise by a commensurate amount.
Last edited by Beagle; 03-03-2021 at 03:32 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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03-03-2021, 04:22 PM
#8037
It's OK, Beagle. I was only pulling one of your (hind) legs!
Edit/Disc: I hold most of the players in the sector.
Last edited by macduffy; 03-03-2021 at 04:24 PM.
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04-03-2021, 09:40 AM
#8038
http://nzx-prod-s7fsd7f98s.s3-websit...569/341702.pdf
Looks very good to me. Hope these sort of strong sales are being reflected in OCA sales register too and I hope they're still on track to complete the number new units previously advised, (would be nice to get an update and some assurance around that considering the lockdowns). Interesting seeing what they've done with pricing, see last paragraph of Tristan Saunders report on page 2. Smart man that chap, ex Summerset. I think he has his finger on the pulse. Hope Earl Gasparich and OCA marketing department are taking notes regarding pricing. Might flick them a copy of this and give them a wind up that shareholders expect profit growth and they're not going to get it unless OCA are confident and assertive with their pricing.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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04-03-2021, 02:23 PM
#8039
the link doesnt work for me Beagle.
which co is it an announcement for?
EDIT: OK I see now - its standard non price affecting update from Arvida
Last edited by peat; 04-03-2021 at 02:28 PM.
For clarity, nothing I say is advice....
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04-03-2021, 02:25 PM
#8040
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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