Comments on: Positive predictions for property http://www.landlords.co.nz/blog/positive-predictions-for-property A blog for New Zealand landlords and property investors Thu, 02 Feb 2012 03:38:09 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Estate Agent Christchurch http://www.landlords.co.nz/blog/positive-predictions-for-property/comment-page-1#comment-914 Estate Agent Christchurch Tue, 03 Nov 2009 12:27:07 +0000 http://www.landlords.co.nz/blog/?p=118#comment-914 Real estate investment has a lot of advantages and has a strong strong survival rate. It indeed looks positive. Real estate investment has a lot of advantages and has a strong strong survival rate. It indeed looks positive.

]]> By: steve http://www.landlords.co.nz/blog/positive-predictions-for-property/comment-page-1#comment-735 steve Wed, 25 Mar 2009 00:31:29 +0000 http://www.landlords.co.nz/blog/?p=118#comment-735 What a surprise to come onto a landlord blog and read "A fourth prediction is that property will look very attractive.". Ican feel the fob watch swinging in front of my face. I will make a prediction .... Because the property market is way over valued and has been for some time we will see a collapse of the market very soon. Just as the wall street cowboys are now having to face reality, this same reality will trickle through to Mr and Mrs Smith and the property that you bought for $80,000 10 years ago, and watch in gleeful disbelief as it rose to an illogical "market value" of $400,000 will settle at a more realistic 200-250K. Living in a dream world is all well and good but eventually the chickens have to come home to roost. If you didn't sell when it was too good to be true then you are a fool and probably deserve a more realistic result. Just like surfing ... the 3rd wave is the usually the largest ... we have just felt a ripple. Sell! What a surprise to come onto a landlord blog and read “A fourth prediction is that property will look very attractive.”. Ican feel the fob watch swinging in front of my face. I will make a prediction …. Because the property market is way over valued and has been for some time we will see a collapse of the market very soon. Just as the wall street cowboys are now having to face reality, this same reality will trickle through to Mr and Mrs Smith and the property that you bought for $80,000 10 years ago, and watch in gleeful disbelief as it rose to an illogical “market value” of $400,000 will settle at a more realistic 200-250K. Living in a dream world is all well and good but eventually the chickens have to come home to roost. If you didn’t sell when it was too good to be true then you are a fool and probably deserve a more realistic result. Just like surfing … the 3rd wave is the usually the largest … we have just felt a ripple. Sell!

]]> By: Judith http://www.landlords.co.nz/blog/positive-predictions-for-property/comment-page-1#comment-672 Judith Fri, 23 Jan 2009 10:29:11 +0000 http://www.landlords.co.nz/blog/?p=118#comment-672 I'm sure you've read Kieran Trass's book on the property clock or cycles and he is adamant that interest rates are NOT one of the key drivers. I also wonder whether the full impact of the economic downturn has hit home in NZ yet? I am a kiwi living in London & things here are bad - people are being made redundant everyday. I wonder whether NZ is really insulated from it or whether it will just take longer to trickle through. If I was someone who couldn't afford to lose my savings, or hold my properties through a severe downturn, I would sit tight. I’m sure you’ve read Kieran Trass’s book on the property clock or cycles and he is adamant that interest rates are NOT one of the key drivers. I also wonder whether the full impact of the economic downturn has hit home in NZ yet? I am a kiwi living in London & things here are bad – people are being made redundant everyday. I wonder whether NZ is really insulated from it or whether it will just take longer to trickle through. If I was someone who couldn’t afford to lose my savings, or hold my properties through a severe downturn, I would sit tight.

]]> By: cam price http://www.landlords.co.nz/blog/positive-predictions-for-property/comment-page-1#comment-671 cam price Fri, 23 Jan 2009 09:26:11 +0000 http://www.landlords.co.nz/blog/?p=118#comment-671 Theres always good areas that grow in any market.I believe the cheapest sections are the go in southland.I bought five last year and they have all at least doubled in value through what was recession.Sections now are worth around 30k. Thats 100% capital gain through what is suppost to be a grim time.Even beachfront wont do that in a boom.I believe its about affordability.Wait till the resources sector starts up again then they will do massive gains. The year before in 2007 they were selling for approx 2k.The good thing about southland is there is still room to grow with affordability,and high rental returns to gear off. Although houses have come back land still seems to go up there . Why waist ya kids putting there money in the bank when a mortgage on these cheapies is approx 40$ a week. west auz was cheap once then the resources hit now its the most expensive. lignite,coal,dairy,silicon and oil are just waiting for the prices to come back up then the south will dominate ....................jobs jobs southland land is as cheap as fabric per metre no wonder is still rising Theres always good areas that grow in any market.I believe the cheapest sections are the go in southland.I bought five last year and they have all at least doubled in value through what was recession.Sections now are worth around 30k. Thats 100% capital gain through what is suppost to be a grim time.Even beachfront wont do that in a boom.I believe its about affordability.Wait till the resources sector starts up again then they will do massive gains. The year before in 2007 they were selling for approx 2k.The good thing about southland is there is still room to grow with affordability,and high rental returns to gear off.
Although houses have come back land still seems to go up there .
Why waist ya kids putting there money in the bank when a mortgage on these cheapies is approx 40$ a week.

west auz was cheap once then the resources hit now its the most expensive.
lignite,coal,dairy,silicon and oil are just waiting for the prices to come back up then the south will dominate ………………..jobs jobs
southland land is as cheap as fabric per metre no wonder is still rising

]]> By: Ringo Chan http://www.landlords.co.nz/blog/positive-predictions-for-property/comment-page-1#comment-670 Ringo Chan Thu, 22 Jan 2009 23:55:44 +0000 http://www.landlords.co.nz/blog/?p=118#comment-670 Your are right in certain points. However, I don't think it will happen in the next 12 months in light of the money crisis happening worldwide which might affect NZ's export where it is a maor source of income. Job market will not improve where we are seeing more laid offs, bankcrupts, bad debts all affecting the confidence of the investers and buyers, the first home buyers too. Despite the interest rate is dropping, there will not be much buyers if the second market or rental market is not active. Your are right in certain points. However, I don’t think it will happen in the next 12 months in light of the money crisis happening worldwide which might affect NZ’s export where it is a maor source of income. Job market will not improve where we are seeing more laid offs, bankcrupts, bad debts all affecting the confidence of the investers and buyers, the first home buyers too. Despite the interest rate is dropping, there will not be much buyers if the second market or rental market is not active.

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