Comments on: Property market health check http://www.landlords.co.nz/blog/property-market-health-check A blog for New Zealand landlords and property investors Sat, 06 Mar 2010 07:45:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: John http://www.landlords.co.nz/blog/property-market-health-check/comment-page-1#comment-781 John Mon, 11 May 2009 04:25:48 +0000 http://www.landlords.co.nz/blog/?p=170#comment-781 If I were to put any of my houses on the market, I would hold out for a 2007 price. That is because soon prices will be back to that level. It will not take long for the market to recover and my guess that will start in spring. Only people with no choice would sell cheaply now, knowing that price rises are around the corner. I think there will be a shortage of houses very soon as people realise it pays to wait - even for 6 months. If I were to put any of my houses on the market, I would hold out for a 2007 price. That is because soon prices will be back to that level. It will not take long for the market to recover and my guess that will start in spring. Only people with no choice would sell cheaply now, knowing that price rises are around the corner. I think there will be a shortage of houses very soon as people realise it pays to wait – even for 6 months.

]]> By: Finance Freak http://www.landlords.co.nz/blog/property-market-health-check/comment-page-1#comment-780 Finance Freak Sun, 10 May 2009 08:33:10 +0000 http://www.landlords.co.nz/blog/?p=170#comment-780 Agree. I am not pursuaded with a surge or strong support for a rebound as at this stage, no external factors are showing this. No capital inflow from foreign, unemployment is a concern, over leveraged households are in distressed financial situations and required to sell, economy is contracting. First home buyers can't drive the market up or do any speculations and with a 20% deposit requirement, properties are still not very affordable in NZ. Given this time US could possibly be heading to a depression, it will impact the whole world. Agree.
I am not pursuaded with a surge or strong support for a rebound as at this stage, no external factors are showing this.

No capital inflow from foreign, unemployment is a concern, over leveraged households are in distressed financial situations and required to sell, economy is contracting. First home buyers can’t drive the market up or do any speculations and with a 20% deposit requirement, properties are still not very affordable in NZ.

Given this time US could possibly be heading to a depression, it will impact the whole world.

]]> By: Andy http://www.landlords.co.nz/blog/property-market-health-check/comment-page-1#comment-776 Andy Fri, 08 May 2009 22:12:53 +0000 http://www.landlords.co.nz/blog/?p=170#comment-776 There is still a big gap of opinions between real estate agents and vendors. The vendors who have not yet really realized and understood where the market actually is and the real estate agencies who are trying hard to keep a straight face and have to be obviously always keep thinking positive to get a listing [no listing-no income]. The honest real estate agencies will tell you either straight where the market is and to achieve a quick sale advices to go to auction. This of course has some truce in it, as an auction reflects the market sentiments truthfully and for the vendor and real estate agencies creates quick results. The reality is that for the honest and good sales real estate agent it does not matter where the market is as a sale is a sale where the opposite is just no income. The reality is that we are flattening out the question is for how long, but going on the Alan Bollards directive we are in until the end of 2010 what the OCR is concerned. The other reality is how long will it take to heal the wounds of the over borrowed people to lick their wounds and to come back to market and start investing aging as this is the only thing that will lift the market again as a whole. There is still a big gap of opinions between real estate agents and vendors. The vendors who have not yet really realized and understood where the market actually is and the real estate agencies who are trying hard to keep a straight face and have to be obviously always keep thinking positive to get a listing [no listing-no income]. The honest real estate agencies will tell you either straight where the market is and to achieve a quick sale advices to go to auction. This of course has some truce in it, as an auction reflects the market sentiments truthfully and for the vendor and real estate agencies creates quick results. The reality is that for the honest and good sales real estate agent it does not matter where the market is as a sale is a sale where the opposite is just no income. The reality is that we are flattening out the question is for how long, but going on the Alan Bollards directive we are in until the end of 2010 what the OCR is concerned. The other reality is how long will it take to heal the wounds of the over borrowed people to lick their wounds and to come back to market and start investing aging as this is the only thing that will lift the market again as a whole.

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