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24-04-2019, 12:31 PM
#7631
Originally Posted by winner69
Some did win, some did lose. Median sales price per month is as well not terribly significant - sometimes its the more expensive houses which sell, and sometimes the less expensive. Sounds like though the people in Takapuna have plenty of additional money to spend.
Makes no difference to Summerset or any other retirement village from which suburb the well-off buyers come - and I guess not everybody is after the 200 sqm unit with beachfront anyway. Most units would be priced well below the average Auckland house price.
Just one of the hyped up property market articles - no wonder journalists are not paid well, they get what they deserve.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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24-04-2019, 12:35 PM
#7632
Member
Originally Posted by winner69
Damn, pretty surprised by that
Prices were down...
Mt Albert: 31.2 per cent
Royal Oak: 25.4 per cent
Long Bay: 24.8 per cent
Westmere: 22.5 per cent
Kohimarama: 21 per cent
Parnell: 20.8 per cent
Albany: 20.5 per cent
Mt Eden: 20.1 per cent
Herne Bay: 17.2 per cent
Freemans Bay: 17 per cent
Was looking at the 2 bed villas at Summerset Ellerslie, asking 980k
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24-04-2019, 12:45 PM
#7633
Originally Posted by tipsy
Damn, pretty surprised by that
Prices were down...
Mt Albert: 31.2 per cent
Royal Oak: 25.4 per cent
Long Bay: 24.8 per cent
Westmere: 22.5 per cent
Kohimarama: 21 per cent
Parnell: 20.8 per cent
Albany: 20.5 per cent
Mt Eden: 20.1 per cent
Herne Bay: 17.2 per cent
Freemans Bay: 17 per cent
Was looking at the 2 bed villas at Summerset Ellerslie, asking 980k
That’s one heck of a price for a villa mate
If you live in any of those suburbs listed you might think twice about it - was that what you are saying.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-04-2019, 01:03 PM
#7634
Member
Originally Posted by winner69
That’s one heck of a price for a villa mate
If you live in any of those suburbs listed you might think twice about it - was that what you are saying.
Definitely, but that's just me. Does look a very nice development though. I'd probably just grab one of the small apartments if I really needed the facilities.
I have however bought back a small parcel in the 5.50's after selling out near the top. House price weakness doesn't really concern me all that much and any major drop in share price will see me topping up. As always these retirement stocks are long term plays.
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24-04-2019, 01:06 PM
#7635
Originally Posted by tipsy
Definitely, but that's just me. Does look a very nice development though. I'd probably just grab one of the small apartments if I really needed the facilities.
I have however bought back a small parcel in the 5.50's after selling out near the top. House price weakness doesn't really concern me all that much and any major drop in share price will see me topping up. As always these retirement stocks are long term plays.
Good on you tipsy
There’s always somebody else who’ll pay the $870k for that villa
Good margin in that for Summerset ...maybe $300k odd
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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26-04-2019, 10:50 AM
#7636
Originally Posted by bull....
failure to rise back above $6 this week will confirm the breakdown thru support in my analysis. watching for the CGT release soon this could have a big downside risk for these stocks
that rejection of price over $6 is savage
one step ahead of the herd
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26-04-2019, 10:58 AM
#7637
Originally Posted by bull....
that rejection of price over $6 is savage
AGM next week ..might be some grumpy share holders present if share price falls any further.
I’ve voted against the Directors getting a pay rise. Essentially voted NO as i’d just read an article about how careworkers had been given a decent pay rise but the companies were asking them to work shorter hours and take on additional tasks ...like doing heaps more a little more.
Last edited by winner69; 26-04-2019 at 11:02 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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26-04-2019, 11:01 AM
#7638
Originally Posted by bull....
that rejection of price over $6 is savage
Your focus on short term jitter is truely amazing ...
Always follow the thick red dotted line:
SUMlongtermtrend.jpg
I'd say they are nicely on track ;
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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26-04-2019, 11:03 AM
#7639
Originally Posted by BlackPeter
Your focus on short term jitter is truely amazing ...
Always follow the thick red dotted line:
SUMlongtermtrend.jpg
I'd say they are nicely on track ;
You are not using ln(price) .....might look slightly different
Thats what snowy would say
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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26-04-2019, 11:14 AM
#7640
Originally Posted by winner69
You are not using ln(price) .....might look slightly different
Thats what snowy would say
I know ... and you are right - it (obviously) does look slightly different:
SUMlog.jpg
Still pointing upwards, but the (linear) support line gone (well, less clear support ; Maybe more analysts using linear scale than log? Lets not forget that we are here not talking laws of nature, but just self full filling prophecies created by fallible human beings.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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