OCA - Oceania Group - retirement villages

**Beagle** · 03-05-2022, 02:30 PM

Originally Posted by Balance

https://www.interest.co.nz/property/...-december-peak

That's the fastest decline in 4 months I can ever recall and huge level's of stock and very low volumes of sales, (lowest since the GFC) gives a very strong lead indicator that the future direction is down, potentially quite a lot more. Cash is king at the moment in the property market that's for sure !

If this gets back to the IPO price of 79 cents the yield will be sort of okay at about 5.5%. Might sign up for a few more at that price but otherwise I'm not bothered and will ride this out with the very modest holding I have. I think its now crystal clear the real estate tide is going out at a serious pace and as mentioned already there's enormous challenges with provision of care services.

I think the whole retirement village sector is not a good one to have too much invested in for at least the rest of 2022 and maybe 2023 as well.

**clearasmud** · 03-05-2022, 02:31 PM

Originally Posted by Beagle

That's the fastest decline in 4 months I can ever recall and huge level's of stock and very low volumes of sales, (lowest since the GFC) gives a very strong lead indicator that the future direction is down, potentially quite a lot more. Cash is king at the moment in the property market that's for sure !

Nice to hear!

**Ggcc** · 03-05-2022, 02:39 PM

Originally Posted by Beagle

That's the fastest decline in 4 months I can ever recall and huge level's of stock and very low volumes of sales, (lowest since the GFC) gives a very strong lead indicator that the future direction is down, potentially quite a lot more. Cash is king at the moment in the property market that's for sure !

If this gets back to the IPO price of 79 cents the yield will be sort of okay at about 5.5%. Might sign up for a few more at that price but otherwise I'm not bothered and will ride this out with the very modest holding I have. I think its now crystal clear the real estate tide is going out at a serious pace and as mentioned already there's enormous challenges with provision of care services.

I think the whole retirement village sector is not a good one to have too much invested in for at least the rest of 2022 and maybe 2023 as well.

You have the right idea. Ride it out and add if at a complete bargain

**couta1** · 03-05-2022, 03:41 PM

Originally Posted by Ggcc

You have the right idea. Ride it out and add if at a complete bargain

Go big or go home has always been my motto and always will be while I'm still breathing air, live it, feel it and just do it. PS-Bought a good number more at 99c.

**couta1** · 03-05-2022, 03:43 PM

Originally Posted by clearasmud

What sort of ball park price is a 1 brm or 2 brm unit?Thanks. And the minimum age.
I just bought one in Brisbane for $175k.

These particular ones are all 2 beds at around 590k, 70 minimum age.

**clearasmud** · 03-05-2022, 03:50 PM

Originally Posted by couta1

These particular ones are all 2 beds at around 590k, 70 minimum age.

Thanks Couta. Half the price here and 55 min age. But 42%dmf over 7 years.
99c should be great long term surely.
I dumped 1/4 at 104 after having purchased some at 140 as I want cash for a NZ house.
Still in the green.

**couta1** · 03-05-2022, 04:01 PM

Originally Posted by clearasmud

Thanks Couta. Half the price here and 55 min age. But 42%dmf over 7 years.
99c should be great long term surely.
I dumped 1/4 at 104 after having purchased some at 140 as I want cash for a NZ house.
Still in the green.

A few players in the sector here sat at the 55 min age prior to about 15yrs ago but they have all cranked it up to 70-75 nowadays to increase turnover.

**Joh13** · 03-05-2022, 04:23 PM

I’ve bought a few more OCA shares at current prices. Sitting at over 900k shares now. Can’t believe the SP has come down so much. Makes it attractive for a takeover. What’s the difference between when MET was taken over and how OCA currently sits?