OCA - Oceania Group - retirement villages

[BlackPeter]

Ah well, given that we used this thread to beat up the governments attempts to curb house price inflation, we can use it as well to check how their much feared and bedeviled methods actually work:

ANZ Reinz house price inflation.JPGNewest ANZ REINZ report on the housing market is out. They use for the month to month inflation the word "unprecedented", I suppose this must be good for the OCA party.

Sales numbers (not prices) however dropping - take care?

[Beagle]

https://static1.squarespace.com/stat...-+May+2021.pdf

Latest REINZ stat's are just out. Highlights. No slow down in property prices due to Govt tax changes. National median price up 1.9% in May 2021 v April 2021.
Bigger picture is the National median is up a whopping 32.3% in May 2021 v May 2020, fastest rate of house price growth ever !
These dramatically higher figures will flow through to asking and resale prices of OCA units over time. OCA's share price is closest to NAV of any in the sector.
Despite the handicap of wages rising at much higher than Govt funding increases I am feeling more comfortable about OCA's medium and long term prospects now that we have seen the radical Govt tax socialism having little impact.

Disc: Bought a few more this morning.

[TobyPascoe92]

https://static1.squarespace.com/stat...-+May+2021.pdf

Latest REINZ stat's are just out. Highlights. No slow down in property prices due to Govt tax changes. National median price up 1.9% in May 2021 v April 2021.
Bigger picture is the National median is up a whopping 32.3% in May 2021 v May 2020, fastest rate of house price growth ever !
These dramatically higher figures will flow through to asking and resale prices of OCA units over time. OCA's share price is closest to NAV of any in the sector.
Despite the handicap of wages rising at much higher than Govt funding increases I am feeling more comfortable about OCA's medium and long term prospects now that we have seen the radical Govt tax socialism having little impact.

Disc: Bought a few more this morning.

Do need to keep some context though about that 32.3% increase year on year. That figure goes back to May 2020 where the NZ median price was at its lowest point in the "Covid Aftermath". If you go back one month further to April 2020, it brings the 13 month increase to 20.6%. The most interesting stats are going to be July 2020 - 2021 & August 2020 - 2021. This is where the market started its boom cycle. If there are large year on year increases from there, there is no way and no excuse that OCA can't be re-pricing their stock inline with the market.

[Bjauck]

Ah well, given that we used this thread to beat up the governments attempts to curb house price inflation, we can use it as well to check how their much feared and bedeviled methods actually work:

ANZ Reinz house price inflation.JPGNewest ANZ REINZ report on the housing market is out. They use for the month to month inflation the word "unprecedented", I suppose this must be good for the OCA party.

Sales numbers (not prices) however dropping - take care?

OCA is now my largest shareholding but I am nervous for the time when the music will stop at the residential land investment party. When will investment funds stop pouring into the housing vortex?

[RTM]

https://static1.squarespace.com/stat...-+May+2021.pdf

Latest REINZ stat's are just out. Highlights. No slow down in property prices due to Govt tax changes. National median price up 1.9% in May 2021 v April 2021.
Bigger picture is the National median is up a whopping 32.3% in May 2021 v May 2020, fastest rate of house price growth ever !
These dramatically higher figures will flow through to asking and resale prices of OCA units over time. OCA's share price is closest to NAV of any in the sector.
Despite the handicap of wages rising at much higher than Govt funding increases I am feeling more comfortable about OCA's medium and long term prospects now that we have seen the radical Govt tax socialism having little impact.

Disc: Bought a few more this morning.

Jacinda needs to get on top of the housing thing...otherwise its curtains for her Government. IMO this is the single biggest issue they face. Don't discount additional measures should the ones in play not gain more traction. This might not be obvious for a bit longer. We went to an open house a couple of weekends ago. We were the only ones there. The agent said the market had definitely pulled back.
Disc: Holding....but at a lower % of Portfolio.

[RTM]

https://static1.squarespace.com/stat...-+May+2021.pdf

Latest REINZ stat's are just out. Highlights. No slow down in property prices due to Govt tax changes. National median price up 1.9% in May 2021 v April 2021.
Bigger picture is the National median is up a whopping 32.3% in May 2021 v May 2020, fastest rate of house price growth ever !
These dramatically higher figures will flow through to asking and resale prices of OCA units over time. OCA's share price is closest to NAV of any in the sector.
Despite the handicap of wages rising at much higher than Govt funding increases I am feeling more comfortable about OCA's medium and long term prospects now that we have seen the radical Govt tax socialism having little impact.

Disc: Bought a few more this morning.

Double dipping

[justakiwi]

The housing crisis has been ongoing, and getting worse, for years. Another one of those issues neither government has ever addressed or solved. It’s time whichever government happens to be in power, started thinking outside the square. There are many people who would be happy living in some version of a tiny house. You only have to look at the semi-permanents currently living in holiday parks, like me. We are not all here because we are poor. We have chosen this lifestyle because it suits us better and we don’t need or want the stress and cost of living alone in a 2,3,4 bedroom house. If government and local councils put their heads together, they could provide alternative housing for people like this, and free up traditional housing for families. At a significantly lower cost than anything they are doing or proposing now. Other countries have successfully done this. There is no reason why we can’t do the same.

Jacinda needs to get on top of the housing thing...otherwise its curtains for her Government. IMO this is the single biggest issue they face. Don't discount additional measures should the ones in play not gain more traction. This might not be obvious for a bit longer. We went to an open house a couple of weekends ago. We were the only ones there. The agent said the market had definitely pulled back.
Disc: Holding....but at a lower % of Portfolio.

[James108]

I am surprised house prices reached a record in April. For a few reasons:

More houses are now being built than in a very long time. The Auckland Unitary Plan is actually doing a great job at increasing density. Although has driven up the cost of land a lot, but that is the price you pay for more density.

Immigration is very low and looks like will be quite low into 2022.

Housing supply is now eating into excess demand at pace.

Long term interest rates are now rising, albeit 1 year rates falling still.

Existing houses now significantly less attractive to investors due to tax changes.

I can't help but feel that house price inflation cannot last much longer maybe the change will occur if/when 1 year interest rates start increasing. Still hold a lot of Summerset and Oceania but wouldn't be upset if house prices fell.

[Greekwatchdog]

Its simply supply demand. If no one is selling then no one can buy. New House demand is going crazy as per this yesterday in Chch. https://i.stuff.co.nz/life-style/hom...ons-in-minutes

[Greekwatchdog]

And this just off the press. https://www.tvnz.co.nz/one-news/new-...around-country