I'm not sure about NZ property being mortgaged to the hilt - total housing lending approx 250 Billion and total housing value approx 1 Trillion so an LVR of 25% give or take
I think those figures exclude how much people borrow from parents.
I would imagine the parents of those wanting to purchase a retirement unit of any kind will be long past worrying about the return of any funds they may have advanced to their (now aged) children.
I would imagine the parents of those wanting to purchase a retirement unit of any kind will be long past worrying about the return of any funds they may have advanced to their (now aged) children.
Yes I agree and most likely seen as an investment by a parent rather than a debt, but it is scary how much some people want to borrow and how much debt they carry
I'm not sure about NZ property being mortgaged to the hilt - total housing lending approx 250 Billion and total housing value approx 1 Trillion so an LVR of 25% give or take
In total yes only 25%
I wonder how much of the total housing value is mortgage free?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I think those figures exclude how much people borrow from parents.
Well the parents either get their money from cash (therefore does not change figures), borrow of their own property (already included in the figures), or provide secured guarantee (which is also included in these figures). Doesn't change a thing. I also remember seeing somewhere a huge amount of housing stock is unencumbered but I cant remember the number
Not normally the stocks I go for, but I do like the pipeline and the growth of this one, so im in for the ride, should be a good performer for this year considering developed units will nearly equal last years total new and resale unit numbers, going to be expecting a big growth in revenue if resale units are similar to last years.
Originally Posted by dabsman
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