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  1. #1

    Default Auckland House Prices fall 4 percent

    http://www.radionz.co.nz/news/busine...fall-4-percent

    What does this mean?

    Does this kinda of thing usually happen after the new lending rules?

    Do you think this will spread to the regions?

    We are buying at the moment, but part of me wants to hold off and see what happens. I am always told what happens in Auckland spreads to the rest of the country. So how long does someone wait?

  2. #2
    Join Date
    Dec 2003
    Location
    Hawkes Bay
    Posts
    1,658

    Default

    So what if it drops??
    Buy something that makes sense at the time you are buying!
    If you can get 7.5% - 8% + or create it, does it matter what the price does in the future?
    What is your purpose for buying, to buy and pray that prices won't go down?
    If this kind of thing puts you off, you haven't got a big enough 'why' you are doing it.

  3. #3

    Default

    My crystalball's as foggy as yours. It could be a short dip just before a massive growth like 2012 or it could be the beginning of a crash like 2007. No one's going to know until after it's happened. each camp has its own evidence and fact based opinions.

    How long do you wait to see if the smoke is going to become an inferno or fizzle out? How long is a piece of string?

  4. #4
    Join Date
    Oct 2016
    Posts
    92

    Default

    Quote Originally Posted by Learning View Post
    My crystalball's as foggy as yours. It could be a short dip just before a massive growth like 2012 or it could be the beginning of a crash like 2007. No one's going to know until after it's happened. each camp has its own evidence and fact based opinions.

    How long do you wait to see if the smoke is going to become an inferno or fizzle out? How long is a piece of string?
    I suggest you read Graeme Fowlers book buying 20 rental properties in one year. If you follow his investment strategy you wont lose sleep over whether prices rise or fall.

  5. #5

    Default

    Quote Originally Posted by big fella View Post
    I suggest you read Graeme Fowlers book buying 20 rental properties in one year. If you follow his investment strategy you wont lose sleep over whether prices rise or fall.
    Why buy the book? Save your money and look up all the posted articles from Orion. Virtually the same content.

  6. #6

    Default

    Quote Originally Posted by Learning View Post
    My crystalball's as foggy as yours. It could be a short dip just before a massive growth like 2012 or it could be the beginning of a crash like 2007. No one's going to know until after it's happened. each camp has its own evidence and fact based opinions.

    How long do you wait to see if the smoke is going to become an inferno or fizzle out? How long is a piece of string?
    Where would it go though, is there room for more up? I mean people people not speculators.

  7. #7
    Join Date
    Dec 2003
    Location
    Hawkes Bay
    Posts
    1,658

    Default

    Quote Originally Posted by SleepySlug View Post
    Where would it go though, is there room for more up? I mean people people not speculators.
    Just take a moment to actually do some thinking - why do you want the property to go up in value anyway??
    It sounds to me like you would be better keeping your money in the bank, seriously. Often I say to people if you want to guess what the market is going to do, go and play the sharemarket or forex, rather than invest in property. But you are also worried about prices going down, so even that is not going to allow you to sleep easily at night.
    If you invest wisely in property with safe strategies you will not care what happens to prices ever!

  8. #8
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    4,957

    Default

    Quote Originally Posted by Learning View Post
    My crystalball's as foggy as yours. It could be a short dip just before a massive growth like 2012 or it could be the beginning of a crash like 2007. No one's going to know until after it's happened. each camp has its own evidence and fact based opinions.

    How long do you wait to see if the smoke is going to become an inferno or fizzle out? How long is a piece of string?
    Ahh yes, the great house price crash of 2007. We remember it well.

    DFTBA

  9. #9

    Default

    Cause I don't want to waste a lot of money if it goes tits up? I dont like paying alot when it might be at the cusp of dropping a chunk.

  10. #10

    Default

    Quote Originally Posted by SleepySlug View Post
    Cause I don't want to waste a lot of money if it goes tits up? I dont like paying alot when it might be at the cusp of dropping a chunk.
    sounds like you want a low/zero risk investment - there is an asset class for you. It's called bank interest.


 

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