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  1. #1
    Join Date
    Sep 2003
    Location
    High up above and deep down under
    Posts
    10,915

    Default NZ houses sure are over priced

    NZ houses sure are over priced especially when comparing with these.
    http://realestate.msn.com/what-you-c...0000-or-less#1
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  2. #2
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,251

    Default

    It's hard to tell where they are etc.

    Just heard on the radio before how Chinese are desperate to get their money out of China. To protect it.

    And so they're buying in other countries without much regard to yield etc. Just wanna have it safe.

    This is pumping up our real estate market for sure. And it might not end happily...
    Squadly dinky do!

  3. #3
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    3,885

    Default

    Chinese are buying up in USA, Canada, Singapore, Hong Kong, Australia, NZ etc.

    Nothing new.

  4. #4
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,251

    Default

    Quote Originally Posted by Gary Lin View Post
    Chinese are buying up in USA, Canada, Singapore, Hong Kong, Australia, NZ etc.

    Nothing new.
    Oh no, been going on for about 5 years now at least.

    Do you think it can continue though Gary? Or will the money dry up?
    Squadly dinky do!

  5. #5
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    3,885

    Default

    Well these offshore rich buyers are still a small majority of buyers out there, and most of them are buying higher end houses anyways.


 

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