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#1 Priscilla II

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Posted 30 October 2018 - 04:04 PM

Will house prices in NZ follow the continuing slide in the Australian market.

https://www.theguard...hits-long-slide


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#2 muzled

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Posted 30 October 2018 - 05:23 PM

Bah, of course not!  

 

House prices in nu zlnd only ever go up...  ;-)


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#3 erice

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Posted 30 October 2018 - 07:01 PM

hard to see how

 

with our

 

undersupply


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#4 Black Panther

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Posted 30 October 2018 - 07:55 PM

Are we under supplied with houses or over supplied with people?
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“If we don’t change our direction, we will end up where we are headed.”

 


#5 Priscilla II

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Posted 31 October 2018 - 06:52 AM

Combination of both I suppose.
However the mystery lack of supply considering heightened demand has impacted negatively by falsely raising the price of housing.
Maybe the Australian experience if you extract the banking naughtiness because that so wouldn’t happen here will make a timely appearance in our market.
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#6 muzled

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Posted 31 October 2018 - 08:06 AM

Combination of both I suppose.
However the mystery lack of supply considering heightened demand has impacted negatively by falsely raising the price of housing.

 

However the mysterious lack of stopping the flood of offshore buyers by the previous coalition govt has impacted negatively by falsely raising the price of housing.

 

Fixed it for ya...  ;-)


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#7 erice

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Posted 31 October 2018 - 08:22 AM

the issue isn't the entrepreneurial, educated, hardworking, taxpaying immigrants nz gets

 

it's cities that have failed to free up land and provide housing infrastructure for their increasing numbers of inhabitants

 
they used to
 
but in the 80's a new generation of councillors, mayors + planners, (all over the western world, with the notable exception of german, where councils still consider freeing up land + providing housing infrastructure their core responsibility)
 
decided that cities should grow no bigger, should be green-belted and future growth would be vertical
 
very popular it was too in leafy green suburbs of 1/4 acre
 
finding scarce land and working within the exponentially complicated and expensive new building codes was left to developers who were expected to oncharge the new costs to new home buyers
 
hence greatly accelerated housing inflation
 
Real-House-Prices-Germany-vs-UK.jpg
 

In Australia both main parties argue that admitting lots of skilled migrants is essential to the health of the economy.

 

 It has been growing for 27 years without a recession—a record for a developed country. Its cumulative growth over that period is almost three times what Germany has managed. The median income has risen four times faster than in America. Public debt, at 41% of gdp, is less than half Britain’s.

 

Half of Australians are either immigrants themselves or children of immigrants. And the biggest source of immigrants is Asia, which is fast changing the country’s racial mix. Compare that with America or Britain or Italy, where far smaller inflows have generated hostility among a big portion of the electorate—or Japan, where allowing foreigners to settle in any numbers is a political taboo.

 

https://www.economis...-from-australia


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#8 erice

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Posted 31 October 2018 - 08:55 AM

though it must be said

 

now angela has allowed 1 million mainly poor + unskilled immigrants in

 

and the lure of the cities increasingly draws in country germans

 

their system has come up short too

 

As growing numbers of people move to German cities, prices are rising steeply. Germany’s housing market is different from those in the UK and the US, for example. Half of the people living here still rent. Prices, historically, are lower than in cities such as London or San Francisco, but the speed at which they are rising is a cause of concern, as is the shortage of housing.

After years of failed policies, politicians are now responding. Economics Minister Peter Altmaier, speaking ahead of a housing summit on Friday, said

 

the only way to alleviate the housing crisis would be to speed up construction by relaxing building regulations and approvals.

 

Politicians are also promising a tax bonus for investors

 

GdW, a housing association, said ... he’d like cheaper land and faster processing of applications,

 

https://global.hande...-problem-965501


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#9 AJ Oliver

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Posted 31 October 2018 - 03:04 PM

If it were not for draconian land use policies, Munich (the world city with heart!) 

 

would now be sprawling over half of Bavaria. 

 

We live near NE Ohio which, along with greater Atlanta, is 

 

ground zero for urban sprawl. 

 

Don't do what we have done !!  

 


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#10 Knot Me... maybe

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Posted 31 October 2018 - 03:13 PM


 

ground zero for urban sprawl. 

 

Don't do what we have done !!  

 

To late for Auckland, it's spreading like a virus. But its a world class city, code for concrete shithole full of sad f**ks plus many who do like a good shag many of which result in replication, so expansion is inevitable. Over the last 5 years odd the amount of grass that is now covered in housing has been massive. There is no sign it's stopping anytime some.

 

But country wide we have less than 1% covered in buildings so a wee way to go before it gets uber ugly. But when it does it will be seriously boring, it appears developers only ever use 2 colours, grey and a grey. I though no one could eclipse Gulf Harbours pretty little tonka town coloured development, how very very wrong I was.


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