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  1. #1001
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,043

    Default

    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.

  2. #1002
    Join Date
    Jun 2004
    Posts
    10,416

    Default

    And I was told prices never went down, hard to lose on property, safe as houses.

  3. #1003
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,333

    Default

    Twice as many! Oh my God!

    Well what I'm seeing is that prices are flat, might have fallen a bit, but not a lot.

    Will always be the odd vendor who has to sell, but they are few and far between.
    Squadly dinky do!

  4. #1004
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,920

    Default

    Quote Originally Posted by Davo36 View Post
    Twice as many! Oh my God!
    That's why I asked.

    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.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #1005
    Join Date
    Sep 2008
    Posts
    7,582

    Default

    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-crisis
    Last edited by eri; 21-04-2019 at 08:06 PM.
    have you defeated them?
    your demons

  6. #1006
    Join Date
    May 2004
    Posts
    2,814

    Default

    Is there really a housing crisis? I was just looking at rental vacancies in Auckland, currently advertised on Trademe. Well over 4,000. So anyone looking to rent has a fair few options. Of course not all tenants look like good prospects to landlords. Perhaps that's where the crisis lies.

  7. #1007
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,920

    Default

    A potential example? A trove of comments follow the article.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  8. #1008
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,333

    Default

    Quote Originally Posted by Perry View Post
    A potential example? A trove of comments follow the article.
    Can't see how this is legal. Doesn't seem to have enough windows. No ventilation?
    Squadly dinky do!

  9. #1009
    Join Date
    Sep 2008
    Posts
    7,582

    Default

    A report last year by research group Strategic Risk Analysis found Auckland construction costs per square metre had increased 212 percent since 1993.

    The report cited regulatory red tape as responsible for "the astronomical property price inflation in Auckland".

    https://www.stuff.co.nz/business/112...d-critics-warn
    have you defeated them?
    your demons

  10. #1010
    Join Date
    Feb 2013
    Posts
    350

    Default

    that will be right , Land purchase $125K
    Build price 200m2 single level B&T East Auckland dwelling $170K.

    There is a correlation between build price and house price since 2012. Reason: Everybody wanted in on the profits! so kept on piling in until buyers screamed unfordable.
    Last edited by BlueSky; 22-05-2019 at 11:29 PM.


 

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