OCA - Oceania Group - retirement villages

[Balance]

I'd argue purchasing a house is among the worst "investments" someone can make, especially in New Zealand.

It only works out for you as an investor if you leverage tf up and experience multiple expansion.

Productive assets are the way to go, sensibly priced equities or some private interest in a business.

Argued all you like but the rise and rise of house prices since the 1970s, easily outpacing inflation, speaks for itself.

Like all investments however, timing is also important however and I certainly did not and would not have bought any property in the last 2 years. Especially in the fringe outlying areas.

[Panda-NZ-]

You can make a motza on rent... Rents in world class cities like melbourne are lower than in auckland (road cones everywhere, potholes, no public transport) and even Wellington.

Increasingly, no public services are offered by any city in NZ these days.

Look at the libaries in Australia for a comparison which are mostly free to use.

https://en.wikipedia.org/wiki/State_Library_Victoria
https://en.wikipedia.org/wiki/State_...ew_South_Wales

[RTM]

I'd argue purchasing a house is among the worst "investments" someone can make, especially in New Zealand.

It only works out for you as an investor if you leverage tf up and experience multiple expansion.

Productive assets are the way to go, sensibly priced equities or some private interest in a business.

I told my wife for about 45 years that houses were a bad investment. Consequently the five family homes we owned (now in No 5) were our only exposure to real estate. She was right, as always, should have invested in more, although to be honest, I couldn't be bothered with the hassle and we did really well with the family homes we owned. All of them. So that's my experience. Who knows what's ahead ? But it is certainly easy to leverage up on real-estate, even if you're not really understanding what you are doing. Harder to do with other classes of investment.

[thegreatestben]

It's tough RTM, what you don't see is the challenges people have had while holding those properties. I am in the opposite position and I'm all in, sort of second wave too. I still own my first home and have done for 12 years now. I was mortgage free and I had the opportunity to subdivide as I was rezoned to medium density. I'm now loaded to the gills as I hold 3x homes and close to 2m in mortgage. I just refixed for 6 months on the lot at 6.95% and my interest only bill is $10,200 a month. Having to top up $1000 a week as rent doesn't come close after all the costs (mostly rates and insurance).

It's been tough, I am looking at all my investments and wondering why I bother lately.

[Daytr]

Argued all you like but the rise and rise of house prices since the 1970s, easily outpacing inflation, speaks for itself.

Like all investments however, timing is also important however and I certainly did not and would not have bought any property in the last 2 years. Especially in the fringe outlying areas.

And the biggest advantage is the gains are tax free.

[Panda-NZ-]

And the biggest advantage is the gains are tax free.

& indeed underpins the value of this sector and REITs.

Look for a bloodbath should National do what both the IMF & OECD recommends for us on tax.

[Rawz]

It's tough RTM, what you don't see is the challenges people have had while holding those properties. I am in the opposite position and I'm all in, sort of second wave too. I still own my first home and have done for 12 years now. I was mortgage free and I had the opportunity to subdivide as I was rezoned to medium density. I'm now loaded to the gills as I hold 3x homes and close to 2m in mortgage. I just refixed for 6 months on the lot at 6.95% and my interest only bill is $10,200 a month. Having to top up $1000 a week as rent doesn't come close after all the costs (mostly rates and insurance).

It's been tough, I am looking at all my investments and wondering why I bother lately.

that sounds stressful.

Wifey and I owned a rental and came to the conclusion we didnt need the stress in our lives. Just wanted 1 mortgage on our home and try get rich on good PAYE jobs and investing in the sharemaket.
We cleared bugger all when we sold it but i tell you what.. when we got our first decent dividends from 2CC vs topping up the rental it was bliss.

the dividend was spent on a queenstown holiday with the kids and a $800 robot vacuum that doesnt work that well lol. Lifes much more enjoyable now.

[Bjauck]

Nothing wrong with houses - been the best investment ever in most Western countries since like forever.

Sure. A big golden egg for many. You just have to hope that you don’t have a cracked one. You cannot sell just a couple of rooms if you need some money. Also if there is a major issue, or public works nearby, it could make it difficult to sell. Whilst accepting the benefit of home ownership, other nations have also recognised the benefits of a diversification of assets, and have encouraged it.

[Bjauck]

Increasingly, no public services are offered by any city in NZ these days.

Look at the libaries in Australia for a comparison which are mostly free to use.

https://en.wikipedia.org/wiki/State_Library_Victoria
https://en.wikipedia.org/wiki/State_...ew_South_Wales

Auckland has a great free online service for its books, and emagazines.

[RTM]

It's tough RTM, what you don't see is the challenges people have had while holding those properties. I am in the opposite position and I'm all in, sort of second wave too. I still own my first home and have done for 12 years now. I was mortgage free and I had the opportunity to subdivide as I was rezoned to medium density. I'm now loaded to the gills as I hold 3x homes and close to 2m in mortgage. I just refixed for 6 months on the lot at 6.95% and my interest only bill is $10,200 a month. Having to top up $1000 a week as rent doesn't come close after all the costs (mostly rates and insurance).

It's been tough, I am looking at all my investments and wondering why I bother lately.

Yep, that does sound stressful. Good luck, hope it works out.