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  1. #31
    Join Date
    Jun 2004
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    10,309

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    Quote Originally Posted by Bob Kane View Post
    Oh no!
    The property market is heading for a crash.
    Let's introduce a CGT so that if we sell at a loss, we can claim that loss for a tax refund.
    Brilliant!
    It's a capital GAINS tax - no mention of claiming losses

  2. #32

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    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  3. #33
    Join Date
    Aug 2003
    Posts
    7,556

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    That was very AKL centric - except for Nick's input.

    Just thinking re the ring fencing...there could be some sell down of negatively geared stock - good for FHBs. Though gone are the days of the spruikers (like Blue Chip etc) flogging off the plan apartments etc to the naive etc, so we're not likely to see a huge increase in property listings.

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  4. #34
    Join Date
    Feb 2015
    Posts
    357

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    David Chaston says thanks to affordability limits being reached & a range of public policy changes, Auckland home owners ought to buckle in for a prolonged housing market funk
    17 Jan 2019
    Quote Originally Posted by Interest.co.nz
    The Auckland housing markets are clearly in a funk. House prices in the City of Sales are little changed at the end of 2018 from what they were in September 2016. Sales volumes are unusually low. And the commentary around the state of the market is no longer upbeat. But we have had flat periods before. So what do earlier flat periods tell us? What does history suggest?
    Last edited by Perry; 23-01-2019 at 06:30 PM.

  5. #35
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    Jun 2004
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    10,309

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    Now FUNK I can handle - probably more accurate than fall or dive of any of the other verbs they like to give.
    A bit off colour.

  6. #36
    Join Date
    Jul 2017
    Posts
    244

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    Property projections from Ashley Church


    "What will happen over the next 12 months, I think, is that we'll see some markets around the country - including Auckland - there'll be much more dramatic drops in prices, and that could be in the order of 15-20 per cent.



    "They'll tend to be in areas where there's been either high speculation or in areas where there's been strong investor activity.



    "The expectation for me would be that those will be in lower socio-economic areas around the country where there's been strong investor activity, and a lot of speculation. There'll be some variations to that, look for some big drops, against the background across the country of flat median prices."




    https://www.tvnz.co.nz/one-news/new-...variant=tb_v_1


    Full article
    Property market 2019: 'Look for some big drops' in values, increases for renters

    If you're unsure of what to expect in terms of New Zealand's housing market in 2019, property expert Ashley Church is tipping more of the same for Kiwis looking to get on the property ladder.



    Appearing on TVNZ1's Breakfast today, Church says that prices will remain reasonably flat across the country, although it won't be out of the question for a few outliers, namely in our biggest city - Auckland.



    "Auckland's been flat for the last year or so," Church began. "There's been a bit of activity in other markets around the country."



    "The expectation would be that other markets will start to decline and flatten off this year to be more like Auckland, but no crash. Prices will stay flat for the next three or four years."



    Yet while the majority of the property market will stay as is, Church also predicts a sharp decline in a few areas across the country, again with sharp focus on Auckland.



    "What we've had over the last 12 months is that Auckland's been flat, and when we talk about being flat, what we mean is that the average median price across the country is going to be flat - which means that it's going to move one or two per cent either way.



    "What will happen over the next 12 months, I think, is that we'll see some markets around the country - including Auckland - there'll be much more dramatic drops in prices, and that could be in the order of 15-20 per cent.



    "They'll tend to be in areas where there's been either high speculation or in areas where there's been strong investor activity.



    "The expectation for me would be that those will be in lower socio-economic areas around the country where there's been strong investor activity, and a lot of speculation. There'll be some variations to that, look for some big drops, against the background across the country of flat median prices."



    However, while it might be slightly rosier for those looking to own properties of their own, renters again will be hit hard in the pockets, Mr Church strongly predicts.



    "Another year - unfortunately - of bigger than average (rent) increases."

    "Last year we had around about a $30 per week increase, that was against the background of about $12 per week on average the previous 10 years.



    "You'll have, I think, another year where we're up around that $25-30 per week mark unfortunately."

    Lastly, Mr Church light-heartedly refused to predict what we'll see with interest rates, having missed the mark completely at the beginning of 2018.

    "I came out and made a prediction last year that was wrong - which was that they were going to go up - and so did every other commentator.

    "My advice on that? Throw a dice."
    Last edited by Chris W; 25-01-2019 at 09:32 PM.

  7. #37
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,694

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    I predict lots of failed predictions.
    With all the Draconian new laws for residential rental LLs, perhaps AirBnB would be better? To avoid any hassle in Hawke's Bay, consult Be My Hostess. Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  8. #38
    Join Date
    May 2008
    Posts
    3,477

    Default

    Most of these predictions come from the imagination of the predictor.
    There are no facts or real data involved.
    As such, they are worthless.
    Take all the predictions over the last 10 years that interest rates will be going up.
    Not one piece of data has being provided to support this prediction.
    Interestingly, the predictors of this nonsense actually appear to believe what they're predicting.

  9. #39
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,694

    Default

    Quote Originally Posted by Bob Kane View Post
    Interestingly, the predictors of this nonsense actually appear to believe what they're predicting.
    But what of the terminally gullible which also believe that stuff?
    With all the Draconian new laws for residential rental LLs, perhaps AirBnB would be better? To avoid any hassle in Hawke's Bay, consult Be My Hostess. Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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