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  1. #141
    Join Date
    Oct 2008
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    Auckland/Melbourne/ whereever the money is
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    Woohoo record immigration !!!
    http://www.stuff.co.nz/business/8310...-ever-increase
    100,000 immigrants
    70,000 net

    Statistics New Zealand said the increased was driven by record immigration, with a net gain in migration of 69,100 during the period."To put this in context, the average annual net migration over the last decade has been 21,800 and average annual natural increase has been 32,300." Statistics New Zealand said.

    long may it continue -
    years of high property inflation ahead- good news for those holding property.

    Unfortunately wages will probably also stay low for the same time. Where are all these new immigrants working ?
    Will probably cause rents to balance out between higher demand and ability to pay, although more people per property will continue to be a problem.
    Auckland traffic will continue to get worse.
    Last edited by Keithw; 12-08-2016 at 12:26 PM.

  2. #142
    Join Date
    Dec 2015
    Posts
    297

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    Quote Originally Posted by Keithw View Post
    Woohoo record immigration !!!
    http://www.stuff.co.nz/business/8310...-ever-increase
    100,000 immigrants
    70,000 net




    long may it continue -
    years of high property inflation ahead- good news for those holding property.

    Unfortunately wages will probably also stay low for the same time. Where are all these new immigrants working ?
    Will probably cause rents to balance out between higher demand and ability to pay, although more people per property will continue to be a problem.
    Auckland traffic will continue to get worse.
    Without this immigration New Zealand would be in a recession. Paints a very grim picture for underlying economic strength.

  3. #143
    Join Date
    Jun 2004
    Posts
    10,404

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    Quote Originally Posted by Keithw View Post
    Woohoo record immigration !!!
    long may it continue -
    years of high property inflation ahead- good news for those holding property.
    And some think we (LLs) should be given more headlines!

  4. #144
    Join Date
    Apr 2009
    Posts
    969

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    Pretty impressive almost half the population of Hamilton and not to mention the compounding number of births.

  5. #145
    Join Date
    Apr 2016
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    2,343

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    The best part is that our internal economy will grow making local businesses more viable. It is just great news for New Zealand and long overdue.

  6. #146
    Join Date
    Aug 2003
    Posts
    7,633

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    Agreed and a lot of them will end up moving to the regions.

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  7. #147
    Join Date
    Oct 2008
    Location
    Auckland/Melbourne/ whereever the money is
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    1,380

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    Quote Originally Posted by Kbkiwi View Post
    Without this immigration New Zealand would be in a recession. Paints a very grim picture for underlying economic strength.
    I agree with the sentiment, but what empirical evidence is there that supports this ?

  8. #148
    Join Date
    Feb 2013
    Posts
    346

    Default

    Quote Originally Posted by eri View Post
    Barfoot & Thompson chief executive Wendy Alexander said on Wednesday the Auckland housing market was showing unmistakable signs that prices were stabilising, and might even be plateauing, for the first time in 5 years.


    “There has been a definite change in the market in the last month,” she said.

    So

    “The average price in July was $867,681, a fall of 4.5% from that for June,

    but more significantly 2% below the average price for the previous 3 months.

    “The average price has increased by 5.3% over the past 7 months, compared to 2015’s full-year average price increase of 14%.

    The median price increase over the past 7 months has been 6%, compared to 17.4% for 2015.


    “Whether price increases will continue in the remaining months of the year is unclear.



    Normally, prices rise as we enter the spring/summer months, but the Reserve Bank’s new regulations affecting investors will start to have an impact from August on.”

    http://www.propbd.co.nz/barfoot-chie...-unmistakable/
    Happened last year after 1st October
    when did things resume to normal frenzy after the slowdown , February ? which month was the lowest ?
    Last edited by BlueSky; 12-08-2016 at 04:45 PM.

  9. #149
    Join Date
    Apr 2016
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    2,343

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    It's mid winter of course it'll happen. Wow people forget the basics quickly when they are looking for headlines. If prices and volumes increased right through winter we would be in supernova territory not just a boom.


 

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