Where are these investors now?

[eri]

hmm..

this time last year there were 6 vacancies in volt and the average rent was maybe $350pw

today there are 19 vacancies advertised in volt and the average rent is about $410pw

that jump in central city prices happened about april last year not the end of last year

but right now there are a lot of empty units

and for those owners, each week empty at the higher rate will take a month to catch up...

[freezinhot]

And yet more doom & gloom in the housing market from the herald. When will it end.

[Davo36]

Link please FH, it all seems very positive just now:

http://www.nzherald.co.nz/property/n...ectid=10783035

http://www.nzherald.co.nz/property/n...ectid=10783169

http://www.nzherald.co.nz/property/n...ectid=10782837

http://www.nzherald.co.nz/property/n...ectid=10782769

And perhaps the most positive:
http://www.nzherald.co.nz/business/n...ectid=10783158

I reckon it all looks pretty rosy for residential property in Auckland just now.

[eri]

have you noticed if that do-up, featured in the herald

out titi way

has sold yet Davo?

[Davo36]

Not sure eri. Someone is living there. But keeping the place very tidy.

No real estate signs up and not on TradeMe anymore.

[eri]

interesting, thanks, i guess the only way to know

is for someone to run the address through teranet? or the like

[speights boy]

As long as the milk price doubles every 8 years, property will follow...

Very interesting article.

Fonterra must be a champion in China

NZ dairy company Fonterra is at risk of being outclassed on its own home turf if it doesn't rapidly develop a strategy to launch high-quality New Zealand brands into the fast-growing Chinese markets.

http://www.nzherald.co.nz/business/n...ectid=10784029

[cube]

"Where are these investors now" - what has that got to do with, as the saying goes, the price of milk!

[speights boy]

Come 2021 and this '1.3m' property; just how much will the income need to be in order to support an 80% mortgage?

You will need twice the amount of what's required today, unless you own it of course.

Ron Hoy Fong

The typical couple clients have combined annual income of about NZ$160,000 and want to buy a house in the NZ$500,000 to NZ$600,000 range, equivalent to about four times their income, said Bolton.

http://www.interest.co.nz/property/5...bling-nz34-bln

[Bluekiwi]

Rodneys Ravings point to no under supply and in fact a normal demand / supply balance, with maybe some excess in auckland and some lift in prices, to fall back over time.

And the lack of building of houses, simply as there is no demand for them, if people want to build there are plenty of sections they can build and get a house built.

[cube]

Trouble is the banks are being cautious about who they lend to and the Super City council is covering its backside like there is no tomorrow (heard one tale of a developer being asked what type of sprinkler system will be installed .... in an outside retaining wall!

[speights boy]

Trouble is the banks are being cautious about who they lend to ......

Isn't that what they are supposed to do?
Finance companies were notorious for not being cautious.

John Bolton, principal and advisor at Auckland-based mortgage broker Squirrel, said bank risk appetite for higher LVR loans had clearly improved since 2009-2010. Bolton said, however, the banks are being more conservative with their borrowers than they used to be, seeking job stability, good debt servicing ability, good incomes, a genuine saved deposit of at least 5%, and people who don't have much other debt.

As prices rise, and if incomes do not also rise sufficiently, the banks will have fewer people to lend to.

[rustica]

Hi everyone. It is great to see a few familiar posters here and a more constructive type of posting. We lost everything including our family home. We had 7 income streams worth over $3million, but they were -$8000 cash flow per month. We were trading to top up the difference. GFC came, trading stopped, and could not find the -$8000 per month. Document servers, fire sales and a mortgagee sale later, we are still trying to get back on the property ladder, but with a greatly enhanced understanding of financial literacy (basics I might add). I recently entered a (Wealth Dynamics) short story competition and it outlines the last few years and what I am up to now for those who are curious.

https://apps.facebook.com/easypromos...6697/613685562

[eri]

that's terrible rustica

all that work for naught

[Keys]

We had 7 income streams worth over $3million, but they were -$8000 cash flow per month.

Hi there. Where did you get your finance from to allow you that sort of shortfall?