Originally posted by eri
View Post
Announcement
Collapse
No announcement yet.
Auckland Housing Affordability
Collapse
X
-
Oh, dear!
YET ANOTHER FAILED PREDICTION
Originally posted by Perry View PostWarning to Auckland home buyers: 'The game's over'
29 March 2017
Originally posted by StuffANZ's chief economist says "the game's over" for Auckland's housing boom, and warned New Zealand's largest city is now heavily exposed to the risk of rising interest rates. While Auckland has a major shortage of new houses being built at a time of record migration, Cameron Bagrie said the real driver of house prices were low interest rates. With mortgage rates already climbing, Bagrie said higher borrowing costs would trump the supply shortage. "I think the big driver is interest rates, and interest rates are heading up," Bagrie said.
". . . and interest rates are heading up."
That was two years ago that the ANZ's chief soothsayer made that prediction.
Anyone noticed interest rates "heading up?"
Proposed letter
Dear ANZ
About Cameron's terms and conditions of appointment . . . .
Comment
-
currently westpac are offering
4.05% for 1 year
3.99% for 2 years
A great rate is a great place to start. Here's a summary of our current interest rates. For more information about your mortgage options, get in touch with one of our home loan experts.
this could be read many ways
the way i read it
rate are low
and going lowerhave you defeated them?
your demons
Comment
-
Originally posted by Perry View PostYET ANOTHER FAILED PREDICTION
". . . and interest rates are heading up."
That was two years ago that the ANZ's chief soothsayer made that prediction.
Anyone noticed interest rates "heading up?"
Proposed letter
Dear ANZ
About Cameron's terms and conditions of appointment . . . .
what a muppet
Comment
-
Originally posted by Davo36 View PostPerry, maybe it's not about whether they're wrong or right, but how convincing and educated they sound when they're saying it. That and of course no one but you follows up 2 years later
How might it be to the ANZ's interests to have their e-con-o-mist predict that interest rates are on the way up?
Comment
-
Originally posted by Don't believe the Hype View PostBagrie is no longer chief economist at ANZ. And he was never that bright either.
The only thing an e-con-o-mist can predict with any accuracy is the past. That should make them feel special, shouldn't it?
Comment
-
Maybe a little off topic - but interest in moving here has gone up by 33% since the mosque' shootings and it's mostly coming from USA, UK so I can't see AKL falling out of favour nor our market following in the footsteps of Sydney etc.
cheers,
DonnaEmail Sign Up - New Discussions, Monthly Newsletter, About PropertyTalk
BusinessBlogs - the best business articles are found here
Comment
-
Twice as many Aucklanders losing money on their homes
4 April 2019
"Twice as many" is a bit of a hung comparitive.
What's it looking like to all you Auckland-based PT forumites?
Comment
-
Depends on the game you are in, Perry.
As a long-term landlord I dont really worry about some potholes in the road. I last bought in early 2016, so all my properties are still valued at well above what I paid for them.
Property traders may be finding life difficult, but no doubt the clever ones got out of that particular business a while ago and are now sitting under a tree with a good book and a glass of wine waiting for the storm to pass.
Comment
-
Originally posted by Davo36 View PostTwice as many! Oh my God!
Statistics can tell any story.
One laugh was a news item from many years ago that said unemployment in Switzerland had risen 66% in a year.
SHOCK! HORROR!
There were 5 people unemployed and the previous year's figure was 3 people.
Comment
-
labour are starting to get the picture
but auckland council yet to smell the coffee
...solve the housing crisis - with a "growth corridor" between Auckland and Hamilton a key ingredient...
"We can break the land banking economy, and drive down the cost of urban land," Twyford said.
"We want to break the current land market model which sees the planning system and infrastructure financing logjam create an artificial scarcity of land,"
National's housing and urban development spokesperson Judith Collins said Twyford's comments about freeing up land and resource management were "fine".
https://www.stuff.co.nz/national/pol...housing-crisisLast edited by eri; 21-04-2019, 08:06 PM.have you defeated them?
your demons
Comment
Comment