Originally posted by Gary Lin
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Anyone thinking of liquidating any of your investments ?
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Originally posted by Gary Lin View PostHe was in finance/mortgage broking/property investing/mentoring for like 20+ years, so a lot of that knowledge stays with him.
Knowledge of how the property cycle works isn't the same as knowledge of exactly where we are in that cycle now.
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Originally posted by Wayne View PostI know what Kieran was/is.
Knowledge of how the property cycle works isn't the same as knowledge of exactly where we are in that cycle now.
Robert Kiyosaki thinks the biggest crash is coming in 2016, so lets see too
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Ron and Kieran believes the market has legs to go to 2017 so lets see.
It was well documented that the Chch rebuild will pick by then too...
but we are all guessing really only time would tel.New Zealand's #1 Marketplace for Property Investors & Sellers!
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Glad to hear the Auckland market still has legs. What % increase do people think will be averaged in Auckland next 12 months?
I am very involved with large scale property development - commercial, industrial, mixed use etc. There is a massive amount of projects coming up in Auckland. The development market is booming. Despite the "headwinds" Auckland looks pretty good for the time being. It's just hard to imagine the $600k properties being worth $700k in a year. There must be a limit.
On liquidating I was thinking when interest rates are low people can borrow/spend more. As interest rates rise people's ability to pay more will decrease. If you are cashing up doing so when interest rates are rock bottom makes sense.“Our favorite holding period is forever.”
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Simplest is keeping an eye on the net migration.
The big gaps in net migration correlate strongly with house price increase, ie 2001 to 2003, and 2013 onwards.
High net migration = more % population growth = more demand on housing
Then the housing market usually responds within the next 12 to 24 months to soak up the demand (or lack of).
Also house sales volumes, July 2015 has gone up a lot more than same period 2014.
Things are ticking along nicely.
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I was in Riverhead today for first time in like forever. Farms and orchards turning into subdivisions like crazy. Mostly chines developers selling to local franchises. Lost count of the lots being built on. Almost everything with a sold sign on it.
Like who would want to live on a tiny lot in the middle of nowhere up there?
(Answer is apparently plenty of people)
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