Just watch the SML saga unfolding and you might get your requested evidence ;
Better not clog the OCA thread up talking about milk but ATM will either take over SML completely or they will find other sources to meet their needs(Actually I reckon even with complete control of SML they will still eventually need other sources)
Interesting read. It really shows how early the industry is in terms of maturity which is perhaps reflected in the price at the moment. As time goes the population growth in the 70+ region will really weigh on the demand side. We are probably high on the supply side at the moment.
Interesting read. It really shows how early the industry is in terms of maturity which is perhaps reflected in the price at the moment. As time goes the population growth in the 70+ region will really weigh on the demand side. We are probably high on the supply side at the moment.
I have been wondering about this as well. Yet it is hard to build quality quickly.
Regarding the management team. I feel the industry will be attracting plenty of attention as the money is good and the growth is going to be quicker than some other steady industries.
With my research, mostly in Australia, I feel there is a lot of potential in New Zealand.
I've spoken with many people who wish to retire in New Zealand... a beautiful safe country
I see The Sands asking $850k+ for a two bedroom apartment and having an 'open home' days this Saturday and Sunday 10am till 3pm - I will be going down to check it out and likely post my thoughts on here.
Hope the person I'll be visiting with doesn't want a pool or spa, otherwise might have to go up the road to the Arvida village (who are also holding an 'open home' days this Saturday and Sunday 11am till 3pm).
I found it interesting in an article going back 4 odd years: https://www.stuff.co.nz/auckland/loc...imes/68954873/... here's what I found interesting:
- The comment how "Oceania chief financial officer Matthew Ward says the company can maintain affordability for village residents through "sensible intensification" of existing sites"...I hope the 55 existing elderly in the village before moving out got a great bargain somewhere else or in the new village, and not too sure how $850k starting price is very "affordable"...
- The redevelopment was going to cost $40m... hope they stuck to that budget and we don't find out it cost $50m...
- Quite proudly mentioned "Each one of our sites is purpose-built for the community and we're very appreciative of the heritage of this site, it will retain the Maureen Plowman name." and how happy the Plowman family and salvation army (the original builders of the village back in the 1980's before OCA brought it in 2005) were... hopefully unlike the blowout in the name change, the redevelopment budget didn't blowout as well...
I also saw alot of workmen still on site, you can even still see the old Maureen Plowman sign still up... both of these things are a bit surprising given OCA will almost certainly count these 100 ish units as finished in FY19 results to be announced in a bit over a month and a half
They have to, would be to bigger blow to their development track record if they didn't
Last edited by trader_jackson; 05-06-2019 at 09:16 PM.
Unless you've been living under a rock in Auckland for the past decade, $850K for a 2 bedroom apartment north facing right across the road from the beach at Browns Bay is exceptional value. I would have thought $1.2 - $1.4m given the outstanding location basically right on the beach.
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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Originally Posted by winner69
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