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11-10-2019, 05:17 PM
#8351
"Gold standard HPI" for those that think it really is the gold standard says real estate (ex Auckland) up 7.7% for the year. That can't be right. All the dooms-dayers have been telling us for ages that property was going to fall off the face of a cliff. Wonder what happens with the RBNZ cuts the OCR to just 0.5% next month ?
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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11-10-2019, 05:25 PM
#8352
Originally Posted by Beagle
"Gold standard HPI" for those that think it really is the gold standard says real estate (ex Auckland) up 7.7% for the year. That can't be right. All the dooms-dayers have been telling us for ages that property was going to fall off the face of a cliff. Wonder what happens with the RBNZ cuts the OCR to just 0.5% next month ?
And if you look at the chart on Page 4 not much of slow down over the last few years ...and even recently is there?
Dont listen to bank economists or the media ....just look at facts and long term charts to elinate the short term noise
At the top of every bubble, everyone is convinced it's not yet a bubble.
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11-10-2019, 05:49 PM
#8353
Originally Posted by Beagle
Wonder what happens with the RBNZ cuts the OCR to just 0.5% next month ?
Leveraging, loads of leveraging.... Prices will keep going up and people will just keep borrowing, until the banks ask for their money back quickly....
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14-10-2019, 10:14 AM
#8354
Summerset acquired a retirement village site in Cranbourne North, near Melbourne. This is its first site for development in Australia. This type of acquisition was well foreshadowed by the company and does not settle until early 2021.
The company will progress planning in the meantime. The village adds to its New Zealand development pipeline and units will likely be available for sale commencing late 2021 or early 2022. We view this as Summerset executing to plan and there are other similar opportunities in the pipeline.
Extract from Kingfish's monthly investment report released to the NZX this morning. Despite RYM having a market cap many times more than SUM I note their holding in SUM is bigger than RYM and now their fifth biggest holding at 8% of their portfolio.
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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14-10-2019, 06:36 PM
#8355
Good day on the bourse for SUM - up 1.5% to $6.70
RYM did better being 2.5% up
Seems both about fair value (according to the market) at the moment
Last edited by winner69; 14-10-2019 at 06:38 PM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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14-10-2019, 06:56 PM
#8356
Originally Posted by winner69
Good day on the bourse for SUM - up 1.5% to $6.70
RYM did better being 2.5% up
Seems both about fair value (according to the market) at the moment
Bang on the 50% ratio so fair value at the mean, spooky eh.
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14-10-2019, 07:38 PM
#8357
Originally Posted by couta1
Bang on the 50% ratio so fair value at the mean, spooky eh.
Really really spooky mate - although some will never never believe it
At the top of every bubble, everyone is convinced it's not yet a bubble.
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14-10-2019, 08:25 PM
#8358
Originally Posted by Beagle
Extract from Kingfish's monthly investment report released to the NZX this morning. Despite RYM having a market cap many times more than SUM I note their holding in SUM is bigger than RYM and now their fifth biggest holding at 8% of their portfolio.
Last time I looked even The Queen has more $ in Summerset than Ryman
So you in good company doing like Kingfish and The Queen
Last edited by winner69; 14-10-2019 at 08:27 PM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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15-10-2019, 09:12 AM
#8359
Maybe Carmel loves Corgi's too
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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15-10-2019, 09:45 AM
#8360
Property market booming - September stats
Median Prices up 6,6% .....sales volumes up ...days to sell down
https://www.reinz.co.nz/Media/Defaul...ber%202019.pdf
Maybe my estimate of realised gains per sale a bit light.....my forecast is now Underlying Earnings ~$120m even if sales are only the same as last year
Last edited by winner69; 15-10-2019 at 09:48 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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