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Harcourts cites 'strong interest' from wealthy Chinese in NZ$825 mln of NZ luxury homes and rural land showcased at Shanghai Expo
Harcourts has reported receiving "serious interest" and multiple offers from Chinese millionaires and billionaires in the NZ$825 million worth of luxury New Zealand residential, rural and commercial real estate it is showcasing at the official New Zealand Pavillion at the Shanghai Expo.
The enthusiasm about selling New Zealand property to wealthy Chinese investors from a NZ government-funded pavillion in Shanghai comes as the government begins a debate about whether to allow sales of New Zealand farm land to Chinese and other foreign investors.
The showcase of 57 properties and projects listed by Harcourts from Whangarei to Queenstown is being presented by North Shore-based Cooper and Co, a franchise within the Harcourts group.
Harcourts' Cooper & Co Managing Director Martin Cooper said the feedback had been very positive and he was confident sales would follow.
“The feedback we’ve had from the hundreds of high net-worth Chinese we’ve presented to so far has been encouraging to say the least,” he said.
“A number of offers have already been made and there is serious interest in many more of the properties and projects we’ve showcased, with a lot of the potential buyers indicating they would like to take the next step and travel to New Zealand to inspect in person what they’re interested in."
There were 57 properties and projects listed which were worth NZ$825 million according to Harcourts.
Harcourts Cooper & Co said it had secured the opportunity to host invited guests at the New Zealand Pavilion at the World Expo in Shanghai so they could "learn more about New Zealand and get a taste of our lifestyle."
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"The properties included in the Exposure Shanghai initiative include Auckland waterfront homes priced at up to NZ$14 million and premium multi-million dollar lifestyle properties in the Rodney District, along with a selection of high-value rural and commercial properties and exciting development projects from around the country too," Cooper said.
Harcourts New Zealand CEO Hayden Duncan said there was a limited pool of local buyers for high-end property and development projects in New Zealand so targeting overseas buyers was logical.
“Cooper & Co have recognised that China is a key source of investment and new immigrants, and have put an immense amount of work into this project, being the only real estate company to date to secure an opportunity to use the New Zealand Pavilion at Expo and NZTE’s New Zealand Centre, building and connecting with an exceptional database of potential buyers in China and establishing relationships for future marketing initiatives too.”
Cooper & Co’s partners included Luxury Portfolio, Umoview, Open2view, ANZ, Austar Immigration Group, Sunteam and Graphic Detail.
"An 18-strong Harcourts team have made the trip to Shanghai to present the properties to prospective buyers, with those who do not speak Mandarin being supported by translators," Harcourts said.
92 Comments
Good luck to them. It will
Good luck to them. It will be interesting to see how many sales close before the NZ spring sales season kicks off.
A touchie subject with non
A touchie subject with non locals buying NZ property. I personally don't like NZ being sold to over seas owners as it prices locals out of the market. These multi million dollar homes have small demand in the local market so drop the prices? Then if you were the seller... well.... Government intervention by a huge tax?
First step, lock foreigners
First step, lock foreigners out of purchasing NZ property.
Aside from improvements that many NZers would cut corners on to save a buck, any remaining value in surrounding properties owned by NZers would fall through the floor.
What's next?
If foreigners invest in NZ they are required to reinvest 99% of capital gains into NZ??
If foreigners visit NZ they are required to pay excessive entry fees and a premium for goods and services??
Establish a new rates system for foreigners??
Foreigners must pay premium taxes, levies, fees to support NZ's welfare system because the local community cannot.
The foreigners that underwrite NZ's banking and financial systems, mass infrastructure, largest companies and businesses should put their money elsewhere.
The foreigners that will provide financial support when a severe earthquake or tsunami strikes NZ, because NZ won't be able to afford it, should take a flying leap.
Reality check DC. There's a reason you and many other NZers are priced out of the market. But instead of using foreign investment to your advantage, to increase median income and standard of living, you prefer to disparage foreigners, the capital they're prepared to introduce, the much needed improvements, employment, capabilities and education they can offer.
They're not taking the property with them. In terms of income property, profits may be directed offshore (as well as reinvested in the property, community, services, etc), but it's more than likely the profit derived would not have been realized under local ownership. Or the property wouldn't be for sale.
Without foreign investment NZ would be more of an unknown backwater somewhere in the South Pacific than it is today.
AS IT STANDS NZ IS NOT AN ATTRACTIVE DESTINATION FOR FOREIGN INVESTMENT. For many reasons aside from most people don't know where NZ is.
Several foreign parties look to invest in NZ and all of a sudden the nation is demanding a change in government policy. What the F. It's laughable.
Make foreign investment any less attractive and you'll get what you wish for. Trust me you won't like the outcome.
P.S. In relative terms there is as much if not more demand for multi-million dollar homes in NZ than the mid-low end of the market.
There is a reason they are mutil-million dollar homes and the prices can't be dropped to satisfy those who can't afford them. Think about it.
"the much needed
"the much needed improvements, employment, capabilities and education they CAN offer."
They CAN being the critical word.
They can, but they won't. They ain't no Santa Claus.
They are not bringing their money to help anyone but themselves. And, accidentally, a few land agents.
They help bloat the property market and speculate on the bubble, with no tax to pay on gains once they sell off, and no real pain from a minor loss on a money that has been successfully laundered should the market turn south.
More often than not, the ones that invest large sums of money into debatably impressive trophy houses they will actually never come here personally to show off in indeed invest to launder their dirty money gained oftentimes illegaly even according to their jurisdictions using corruption, fraud, totalitarian party connections, and, if not bluntly illegaly, using other generally despicable practices that would be illegal here, including extreme environmental degradation (affecting both them and the rest of the planet), sweatshops & dodgy labour laws etc.
It doesn't help that we keep buying crap produced for an artificially deflated price compared to the Western standards and sold in an artificially deflated currency, without imposing any form of compensatory tariffs to bring their selling costs in line with what would be legally achievable under a Western jurisdiction.
Now, with all due respect, how TF do you increase YOUR standard of living with the foreign money you never see ANY benefit of whatsoever (let alone their funny money itself)?
And how can the government benefit from their land speculation unless we impose a juicy land tax on the foreign residents (which idea I am actually extremely happy with, much more so than a flat "ban" on all sales to foreigners)?
I mean in which ways do they support the benefits - in any way - or the working folks of NZ? Or the lifestyle of any but those who actually sell them the crappy "trophy" properties in the middle of nowhere that they will hardly ever see let alone enjoy?
And if would somehow do support the beneficiaries (eg. helping them sell off their organs on a Mainland China market), wouldn't we be better off getting NZ folks off both their benefit dependence and off foreigner dependence?
And how does the foreigners buying the NZ dollars to buy dearer NZ properties help our industry & exporters if they are competing for the same kiwi dollars and jacking their price up? Aren't the foreign property speculators/investors then a direct enemy of our actually productive export sector?
Let's not fool ourselves. The people like yourself are no friends of the 99% of the people of NZ and their best interest, just the friends of a few vested interests.
NZers are so cynical it's no
NZers are so cynical it's no wonder as a nation NZ can't idenitfy an enormous opportunity when it's on the doorstep and take full advantage.
And I'm not referring to some land deal with the Chinese.
Look at the bigger picture.
Incentivize to attract investment, maintain adequate controls, profit on many levels.
Very F'n simple.
You mean like Ruth Richardson
You mean like Ruth Richardson did in the 1990's? Or some other brainiac traitor like Prebble maybe? Not ONE minister has EVER "maintained adequate control" over local strategic assets. ALL have sold this country and our infrastructure out!
Maintaining adequate control
Maintaining adequate control takes a lot of time and effort invested in preemption. Time and effort that no politician cares to waste if the sheeple will reelect them anyway.
Besides, some of the bad feedback loops work with way too much delay, and no one can ever tell the core cause of the subsequent CF reliably.
Memo from Harcourts Head
Memo from Harcourts Head Office:
$825 million of sales @ 3.5% commission is $28.875 million
Get out there boys and "sell, sell, sell"
After all the locals have had enough of our BS and we better start creaming China
Nihao
ps don't mention the word "leaky"
I saw a house for sale on
I saw a house for sale on Trademe that needed a builder for its 'moisture issues'
Well done Donkey, just what
Well done Donkey, just what you wanted...wonder how many votes it'll cost you next November!
As for me....I won't go near Harcourts...not ever. It's a small protest but multiply it up across the country and it might cause some damage.
John Boy...Billy Bob....Bolly
John Boy...Billy Bob....Bolly Bib....and the Fat Man all feel a mite smug at the mo on account o that rube with the funny walk not being threatenin nor nothin.
Now I figure that's whut'll hang em afore too long.
Boycott harcourts Cooper & Co
Boycott harcourts Cooper & Co north shore
They are pushing prices up locally
"They are pushing prices up
"They are pushing prices up locally"
Doesn't matter how far they push prices up, it's what people are willing to pay.
Nowhere are prices being
Nowhere are prices being pushed up. Prices are falling back to where they already would be if they hadn't been forced upwards by crazy lending during the bubble days. The bubble has burst, the banks aren't lending, people aren't buying, prices are falling. Harcourts et al are trying to claim otherwise, but not even the stupidest and most gullible of PIs believes it now.
Dunno about that mate --
Dunno about that mate -- there are some right idiots out there who'll believe whatever they want to hear.
RE: Harcourts N/S: Good,
RE: Harcourts N/S: Good, should get them to sell my houses....not that I'm selling..dont need or want to. But tell me how can they (Harcourts) push up the value of houses... in a market like this?
It's a sign in the sky that
It's a sign in the sky that the floor of the property market is going to crash. Offload all non profitable ventures to foreigners and duck for cover.
I say sell it to anybody who is stupid enough to buy.
Interesting link by Bernard
Interesting link by Bernard this morning on Radio Live this morning - linking Harcourt's house sales to Chinese to money laundering operations..... implying that money from dubious sources is finding its way to our property market.
Will be listening closely to Bernard over the coming days to hear how this pans out....
If I was a Chinese property
If I was a Chinese property buyer I'd be looking at the bargains coming up the the States; not some backwater in the southern pacific.
I LOVE the fact that NZ is a
I LOVE the fact that NZ is a BACKWATER. I hope it stays an industrial grade, AAA++ backwater. For the sake of my children, and their children too.
No one wastes their scarce and expensive nukes on a true BACKWATER.
No one ever bothers to conquer a true BACKWATER.
Even if they wanted to, no can conquer what they can't easily find on the map!
When the FRONTWATERS kill each other off, the BACKWATERS will still survive and eventually prosper.
Aotearoa, a backwater may you stay.
it's what makes the place
it's what makes the place speshaal maaaate! imagine if it was still the stone age backwater it once was with native indigenous culture intact - maaate - people would kill to come visit but then we'd all be wearing grass skirts and living in huts.
get real - "personal" foreign investment has made us what we are and long may it continue - IMO it's got to be the "personal" kind of foreign investment and not the "corporate raider" variety which is what peole really dislike about the Crafar Farms deal.
I'm sure if a few foreign (chinese whoever) farmers wanted to buy them there wouldn't be a problem but it isn't a personal farming investment is it - it's a corporate one.
Spoken like a true blue
Spoken like a true blue Palagi trash. Never forgetting to diss the brownies and natives, do you, you piece of Euro reject?
Your kind actually makes the Peoples Liberation Army look like a kind, pleasant neighbour alternative.
Go pimp your own mother if you're so desperate for cash and a ticket back to s***hole called the Northern Hemisphere for your sad little lifestyle, white boy, and leave NZ alone and in peace.
Bugger off to god foresaken NW Europe or English America. Lived enough in both of either, and would never miss either the s***holes one bit.
It is a simple question John
It is a simple question John Key must be asked....is your government involved in arranging for a flood of hot money to enter the property market from overseas, in an effort to keep the property bubble inflated and ensure property remains seriously unaffordable for Kiwi families?
The fact that Harcourts are in Beijing with the obvious full support of the govt...amounts to an attack on Kiwi families because the hot money was at the root of the insanity in the market during the Clark regime...it was the main cause of the bubble....the one problem the RBNZ could not control...the reason why the OCR was so high...
Time for John Key to be asked to explain.
yes it is.....thought need be
yes it is.....thought need be put into the question though......as this boy gets greasier by the week............John Houdini Key
I think a line of questioning that exposes at the fringe of subjects he avoids asked by some one who does not appear sycophantic AKA Mr Henry and TVNZ's other servile wannab's.
Gee Woll, I just love the way
Gee Woll, I just love the way you highlight certain of your sentences and paragraphs.
Makes your comments seem more important somehow.
Some people will do anything
Some people will do anything for money, even sell out their own country. Discusting, but nothing unexpected from a greedy property company.
Some people will do anything
Some people will do anything for money, even sell out their own country. Discusting, but nothing unexpected from a greedy property company.
I'm not to keen on having
I'm not to keen on having Chinese triad gangs living next door though - so I'm concerned about Bernard's inference that laundered 'dirty' money is coming into New Zealand.
What next? Columbian drug barons buying up large in Canterbury? Chechnian mafia proceeds buying up central Wellington office blocks? Nigerian fraudsters buying beachfront property in The Mount?
Has Bernard spotlighted the thin end of the wedge with his link to Harcourts selling property to ill-gotten gains?
just shows you how desperate
just shows you how desperate the Real Estate Firms are at the moment. No morals but many of these people never had any. Unfortunately some of the formerly "rich and famous" might just have to suck up the market sell and be happy just like other people.
Such silly agony over
Such silly agony over nothing....in the first place Chinese has plenty of places to sink their money into instead of New Zealand...so no fear folks the commies are not coming ...yet !!
Next, if they do buy and become "foreign owners" holiday homes, better still ...since we cand see them but get their money anyway ?? Isn't that a better deal ??
"leave us your money and goodbye"...Now that's a great slogan to put up at our airports.
Local council should be happy...after all rates are a % of value...the higher value a house is, the more the rates they rake in ...Perhaps to subsidise some other "poor" Kiwi ??
Better still...Council regulation amended to "Rates higher " for "unoccupied" houses ?? I am sure those council idiots can frame the regulation and justify if somehow...
Winners all around...From Hartcourts to City Councils to Ozzie Banks...and finally xenophobic kiwis who gets the services paid by "unoccupied houses owners" without seeing those owners in their neighbourhood.....
Put some thought into it
Put some thought into it Kin...
Wolly, you are essentially
Wolly, you are essentially correct, but there are "smart ways" of dealing with this.
Look at what Bermuda do.
They actually allow foreign house and land purchases, but TROPHY properties ONLY!
If it's not worth at least 2 million pounds (indexed & rising) or so, you can't buy without becoming a resident. So the native home buyers are never really threathened - those were not in their price bracket to begin with.
And then, the Bermudians slap the foreigners with a nice 10-15% Stamp duty + ongoing higher rates/land tax (no real difference between the two when your country is that small!).
Yeah, by all means, sell them the trophy houses in the middle of nowhere, and take their money and then some more!
That steve o would defeat the
That steve o would defeat the purpose of the game, which is to pork the bubble and save the banks at the cost of hanging on to seriously unaffordable homes for Kiwi.
Nice piece Wally............
Nice piece Wally............ nothing to add......
Get yourself down to Hastings
Get yourself down to Hastings Christov and sign that moonshine maker up for film and book rights...bound to be a success. Get thingee in wgtn to direct the film...what his name...it'll ring a bell in a minute...I figure it could make a cracka film.....Jackson...I knew it would come to me.
Kin, for once I actually
Kin, for once I actually agree with your idea.
Provided we introduce a special LAND TAX on non-residents only, collected nationally and spent on something entirely useful, like building new infrastructure.
The local councils in this country need more trimming than anything else, especially in regard to their "land(banker equity) protection" laws.
The last thing they need is higher rates revenue, or more "consultants" working there.
"Provided we introduce a
"Provided we introduce a special LAND TAX on non-residents only, collected nationally and spent on something entirely useful, like building new infrastructure."
Let's vote for Steve-O.. the greatest force in engineering.. and economics.
It's hard enough keeping all the F'n foreign investors at bay now.. introduce a non-resident LAND TAX and they'll be knocking the doors down to invest in Aotearoa.
Get real Stevie. Yes, you're an idiot.
Sorry dude, the NZ dollar is
Sorry dude, the NZ dollar is overvalued as it is. Us failing to keep them "at bay" would only serve to correct this abberation.
Make them leave, honest. Speed it up.
Nothing bad for the long run will come from an abnormally low NZ dollar.
It worked well for China in the last 20 years, and destroyed the Western economies.
The prices of imports will skyrocket. Tough s**t. Make and buy local, sheeple.
The exporters will swim in cash which they'll eventually spread around. Good stuff.
Much better stuff than the foreign speculators spreading the money overseas.
Your itiotic speculative property investments will crashland.
The only idiot here was yourself to overspend on that crap in the first place.
Get real, monkey. You and the mental likes of yourself have made a foreign dependent hole out of a perfectly viable (even though tiny) Kiwi economy.
Ship you out to China I suggest, not that they'd pay a single undervalued RMB for your brains.
Kin, if the Kiwis are really
Kin, if the Kiwis are really so unbearably xenophobic, why don't you just give up on them and bugger off back to China?
I am sure the Chinese love their Tibetans, Hui, Turks, Tai, Vietnamese, Koreans, Japanese, etc, almost as much as they love their Pacific Islander and Maori neighours once they move here.
In fact they love the brown people so much they always leave them and their suburbs alone, and stick to the xenophobic Pakeha areas.
steve-o, hey dude, I am not
steve-o, hey dude, I am not only of chinese ethnicity (and proud of it) but a prouder New Zealander too.....that got rid of the first thorn on your side...happy now ??
The fact that Kiwis are xenophobic is not without fact...but then so are the rest of the world.
But at least don't go around pretending you are not when your actions and words clearly say you do....at least the rest of the world (China included) show their real faces and don't pretend they are not xenophobic.
Next, to more relevant issues in this blog
1. The cost of properties is a function of local conditions...eg Land cost and more importantly goverment (eg Council) regulations. I find it amazing that a country like NZ with such low population density can have such high property and land prices clearly shows that the goverment (and councils) politicians are not doing their work (or might even be in collusion) with property interest (The FIRE sector) FIRE : Finance Insurance Real Estate. to prop up property prices for their own interest.
2. There is no law to suggest why different category of property cannot be taxes/rated differently...therefore "foreign owned" can be subjected to a higher rate is possible (infact a few country has already implemented this)
3. There is also no laws which says we cannot "tax" / "regulate" foreign owned properties. So a Tax hike on foreign owned property would suit a high spending council.
4. If in the end of this exercise we end up with "rich Chinese foreign owned" properties being taxed out of existence wouldn't that be the end game ??
Again, you're assuming that
Again, you're assuming that my massive anti-Chinese (and anti-US) government bias and endless mistrust of either has any correlation to my attitude vis-a-vis Chinese immigrants.
Wrong.
If anything, when I hire a junior developer or systems engineer, I will oftentimes discriminate in FAVOUR of a smart Chinese kid, be they mainland trained or local. Even against a reasonably qualified looking Pakeha esp. against a typical careless gen-Y'er with a "you owe me my rights and this job" kind of attitude. I find the Chinese work ethics usually good to superb, their loyalty more often than not unreasonably solid especially when it is reciprocated by the management and reasonably well rewarded, their brainpower is usually above par, and whatever they lack in communication/english skills they tend to make up in sheer enthusiasm and dedication.
So, to make this clear, I don't hate the Chinese. I don't even dislike them. I admire them - and I like to hire them!
The mainland government I quite fear, however. They are potentially more dangerous and destructive than the Americans are right now. And they actually have some pretty good historical reasons to hold a grudge, unlike Americans. Pretty scary indeed if they ever decide to do something serious about it.
So any impersonal entity associated with the Peoples' Republic Government in any way, I distrust and fear.
Sorry about the lecture. I won't do this ever again in here.
Now, back to your comments:
1. I fully agree with your comments there. Nothing to add or take away.
2. The more I think of it, the more I think that having a modest, but definitely land tax on foreign holdings might just be a more pragmatic way to go than probihiting foreign purchases altogether, even on farmland. In essence, they can still come and buy if they want to, but there is an ongoing price to pay.
3. The last thing I would want is for the incredibly useless and wasteful local NZ councils to get their hands on more easy money. A world class country (which we aspire to become) needs a world class infrastructure. Not to mention the fact that we can then offset this by reducing the income tax a bit! Again, nothing to do with the anti-growth and anti-development city councils.
4. A tax can easily be set low enough never to actually bankrupt anyone or be that hurtful. But it'd need to be recorded as a caveat against the title. It's all too easy to flee with your bills if you're already overseas and if you can sell without paying them.
I sincerely hope Harcourts
I sincerely hope Harcourts and the other treasonous morons get a ton of Chinese people over here to wine and dine on their account(agents) run around all over the country only for the OIO to turn them all down . Awesome
I sincerely hope Harcourts
I sincerely hope Harcourts and the other treasonous morons get a ton of Chinese people over here to wine and dine on their account(agents) run around all over the country only for the OIO to turn them all down . Awesome
NEWSFLASH ! Chinese buyers
NEWSFLASH !
Chinese buyers are high on housing in their own country too...
http://money.cnn.com/video/news/2010/08/23/n_china_housing.cnnmoney/
Anyone who says there's
Anyone who says there's racial discrimination in NZ is wrong. There's no discrimination when it comes to selling properties !! Who says the Asians aren't integrating. The best way to integrate into NZ is to buy properties and move into the neighbourhood.
Your observation about
Your observation about integration has a basis in truth albeit on a physical level...... it does not suggest a........ naturally occurring assimilation into the broader culture....i.e. Kiwi made up of a collective set of values and condensed to the common ground.....
Now before you yank out your race card...........
Let me go on to say that through family...associates...friends ....I know that ...many ...new arrivals (say last 5 years) have no wish to assimilate to a collective behaviour that they see as flawed.....
Often where they hail from is crowded and demands a work ethic ..we do not subscribe to..often they see that all exploitation of resource is a legitimate means of survival.
The question that arises in your future will be bound to money and power.,.corporations absolute....
Then we will see who assimilated who........and if it was for the greater good.
Are you talking assimilation
Are you talking assimilation or integration? Has pakeha assimilated maori or has maori assimilated pakeha or do we have a two culture country still? Should the asians be assimilated as maori or assimilated as pakeha? Should the asians speak like the maori or should they speak like the pakeha? It's all so confusing.
You really need to get out
You really need to get out more......that was anal.
Many other countries do
Many other countries do prevent overseas people owning their land. Allowing overseas people to own NZ land and property leads to rising prices, and is one of the reasons NZ house prices are too expensive for NZers to buy.
I don't like how this chinese diary company has hired Bill Roulston to be their spokesman. It reminds me too much of these finance comapnies using well known personalities, to sell a product. I also don't buy that the reasonis becuase they don't speak english. They would have some people in their organisation who speak english. And if they don't speak english, then they are going to have major trouble conducting business in NZ without english skills.
The main issue this whole thing highlights is the lack of capital NZ has in investing in our own country. A super scheme may solve this, but we are now such a poor country with poor wages that it is perhaps a little too late.
As Bernard said this morring
As Bernard said this morring on the radio, with a bigger population, the Chinese can obviously make more money from illegal drug and prostitution rackets and buy the houses of Harcourts.
Is that really the type of 'business' we want to attract though? Surely we could be more selective as to who enters New Zealand.
Y'KNow what
Y'KNow what Bernard............ things are slowing down a little today ....so I'd like to talk about John Boys hair..............would that be ok...?
Cause you know he's dying it..... well not him, but mummy maybe.....and she's leaving the temples grey to give him that extinguished look ooops that other one with the d.....
Aaaaaaaanyhoo I personally think there is a lack of transparency here and a case to answer for misleading the public as to the ..state of the head of the nation.
It's not good enough ...I want it on Q+A ipso pronto.
What goes round must come
What goes round must come round.
Didn't we get the land very cheaply from the Maori. Now the Chinese are getting the land from us. Why are we complaining I don't see anything unjust here?
I don't recall the word
I don't recall the word unjust................being used................. I think you made that up.
Complaint ...originates from many sources..... a cry for justice implies the deed is done .....
I still wanna talk about
I still wanna talk about John Boy's Hair..!! cripes this is an issue of " national" importance.
Harcourts are losers and a
Harcourts are losers and a bit of a joke in the real estate world - they def dont have 825m of property to sell! hahaha
A mil US$ will get you these
A mil US$ will get you these type of property in China. I don' think there will be many overseas chinese or other buyers buying property to live here.
Even in China there must be
Even in China there must be an idiot or two left.
But its in New Zealand and
But its in New Zealand and New Zealand is different! Our economy won't tank like anyone elses! Lets see everyone get 80-100% mortgages just to have somewhere to live!
Biggest mistake we ever made
Biggest mistake we ever made was listing with harcourts. The guy promised the world and delivered nothing. Went to another company - sold within 4 weeks for 1/5th of the advertising spend. We were had - an awful company.
Annomous said What goes
Annomous said
What goes round must come round.
Didn't we get the land very cheaply from the Maori. Now the Chinese are getting the land from us. Why are we complaining I don't see anything unjust here?
I say
The Maori are great people and are a hell of a lot more loyal and trust worthy to this county than the new generation of Chinese. I say the new generation of Chinnese because I think some of the old Chinnese famiilys here in NZ whos grand parentst came in the Gold rush days are also not that impressed with the new imirgrants
But with all due respect I feel when you say the whiteman got the land cheap you need to keep it in contexted of that time period.
The Maori had plenty of land and could afford to let some go. For example a trade with afire arm (which was a newish type invention in those times and off high valve to the Maori )was probably a fair swap. You can not compare the few hundred dollar Gun City fire arm with the valve it would off had at the turn of the 1800's
In the next elections my vote
In the next elections my vote would go to the party that decides to clamp down on foreign ownership of land and residential properties.
I agree with you 100%. The
I agree with you 100%. The govt has to do something fast
Well if many of these silly
Well if many of these silly sods hadn't brought these hopelessly overvalued properties in the first place, they wouldn't now need to be trying and flog them off to suckers in China.
When it comes to understanding what it is that actually gives a property its real value, New Zealanders are clueless!
Why would the new Chinese
Why would the new Chinese want to buy property here? Mainly to get their ill gotten gains out of the country as a hedge in case something happens in their homeland. Otherwise apart from Grand Harbour for Sunday yum cha, Sky City for a spot of gambling, cheap golf at Formosa, a flash European car from Giltraps and a hooker on Fort Street, NZ must leave them bored.
Have a look in the OZ
Have a look in the OZ market. What do you see? Large, luxury, but empty houses standing proud waiting for their new owners to occupy them. Chinese usually - from China. No one has seen the new owners actually living in them. Now it looks like it is happening here. RE people have no patriotism when it comes to selling NZ assets it seems, A buck is a buck faster the better. I wonder where the last Real Estate boom originated from? These guys are experts (sic) at talking up the market, good times or bad. Plenty of other connected groups happy to follow along too. What can the proletariats do about it? Bugger all!
First it was Bayleys selling
First it was Bayleys selling all our best coastal land too the poms, now Harcourts are keen to palm off our best farmland etc.
You f..king agents are scum. Bunch of f..king traitors.
Thanks for creating an
Thanks for creating an atmosphere where people can say things like this, Bernard. This is great discussion and debate.
Right, thats it....We will be
Right, thats it....We will be avoiding using Harcourts ,and if we see something we really want to buy will ask vendors to change agent.
As Wolly says, small protest but could spread.
Also I think we should be careful with definitions:
Xenophobia is the intense or irrational fear of people from another country or race.
(Oxford dictionary definition)
Does this describe peoples negative feelings toward their property and farmland
being bought up?
The more this discussion goes
The more this discussion goes on, the less I am worried about the Chinese corporations, and the more I become afraid of the sub-worthless local s***s that would happily sell all of their own homeland away for pitiance, justifying it by a % point or two in GDP for a year or two (obviously not GNP cos that's for the nationals only). Which eventually gets rigged anyway, as do most of the official stats.
Talk about a local fifth column that needs some serious dealing with.
"Quick Buck Now."
"Quick Buck Now."
It doesn't really worry me if
It doesn't really worry me if top end exclusive homes are sold to overseas owners.
The homes don't actually earn us anything as a country, and aren't affecting the price of homes in the first home or even middle home owner market.
It seems to be quite common practice for luxury homes to be marketed in other countries.
Income producing land I'm more concerned about though.
Besides, they'll leak.
Besides, they'll leak.
I am a very very happy PI
I am a very very happy PI after reading this article.
Once again the government and the RE agencies are working hand-in-hand to help keep the property market going.
How can my investments fail given these sorts of co-ordinated actions in the market place?
My recommendation to readers: buy property now. You will be smiling like me before long.
Unfortionatly you are
Unfortionatly you are probably right, but eventually the car will crash. I think the best solution is not to invest in NZ at all, but if you do, only invest in property. Property just has far to much power in NZ.
Careful. The supply of
Careful. The supply of potential idiots on the planet is still limited to about 6.7 bil.
And most of them can't afford a lunch let alone a decent 15-20% deposit.
Chinese money launders are
Chinese money launders are looking at New Zealand Real Estate because they want to move out of Australia, Why ?... because Australia is done with Interest rate hikes and the next move is a rate cut. None of these "investors" will want to be there when it happens because they will get a big hair cut. So all eyes have turned to New Zealand I have been talking about this for some time now, most people in NZ are expecting the NZD will stay dimmed against the AUD but I am afraid it will be exactly the oposite, the AUD will devaluate as we near the end of 2010 and will continue to devaluate well into 2011... Technical analisis shows that it could go as low as 1.0600 against the Kiwi. at present the exchange is at a cross road or a hinge if you will.. I know that there are big expectations for a low Kiwi but those will be disapointed. As the Chinese money launders move into NZ the inflation pressures will mount and the RBNZ will be forced to more rate hikes wich will eventualy meet the "normal" level.
The bullshit
The bullshit continues!
" New Zealand real estate agents are painting an optimistic picture of farming in New Zealand in a bid to attract Britons with the money to purchase farms here.
Bayleys Realty is mounting a roadshow to tour different regions of Britain encourage farmers to buy into a "buoyant rural economy'" the Press newspaper in York reported.
http://tvnz.co.nz/business-news/brits-enticed-rosy-image-nz-farms-3739746
Harcourts in Beijing....Bayleys in the UK!...wonder where the other mob have gone...maybe India!
Out of the way young Kiwi
Out of the way young Kiwi farmer...you are to be priced out of your own future...the one you were promised by an earlier govt.
"Bayleys country manager Richard Graham said several economic indicators were now pointing toward a favourable New Zealand property investment scenario for the UK market – most notably record milk solids pay-outs for dairy farmers, and a recovering beef and lamb sector.
The Bayleys ‘Farming NZ’ roadshow kicks off in Devon on October 13 then rolls through the strong farming centres of Worcestershire, Peterborough, West Yorkshire, and Carlisle before heading across to Ireland with dates in Antrim, County Kildare and finishing in Cork on October 22"
http://www.bayleys.co.nz/Our_Services/Country/News/New_Zealand_south_island_north_island_country_farms_for_sale_horticulture_viticulture_lifestyle.htm
Wolly, as long as it's
Wolly, as long as it's English it's fine... Peterborough where Hereward the Wake is burried nothing wrong with them. It is people that will merge with the locals in the most natural way... they even play rugby.
So all those pommie farmers
So all those pommie farmers have plenty of money! Costs of running a farm are high, especially if you don't have top class pasture management skills. Don't know how the poms will fair in this regard, if they're happy to spend most days working on the farm, I'll guess they'll do alright, unless they do what many larger scale farm investors do, stack on the cows, to hell with animal welfare, and let the pasture management take care of itself.
Wally, all the comments and
Wally, all the comments and highlighting of comments show you are getting more and more upset by the day. Stop fretting. Retirement's not far away and your pension will still be there.
Calm down old chap and have a cup of tea. Things wont turn out as bad as you think.
This has to be reverse
This has to be reverse psychology.
I would have thought Wolly's friends would know how to spell his name correctly.
Wolly, be very afraid - the Illiterati/communist/corporatocrat alien mutants are here and they're coming to get you.
Avoid drinking their "tea" at any cost. A new mutated instance of theirs starts with the first sip.
I'll try another route...what
I'll try another route...what the hell is the point of training to be in agriculture in NZ if all the bloody farms are owned by rich old farts from the UK . In fact what's the point of living in places like DIPTON if there isn't a chance in hell that you will ever be able to afford a bloody farm of your own....Bayleys are doing their best to make that a reality. Bill English loves the idea. Go figure.
It's really rather simple...one wealthy Pom pays over the odds for a back country farm and the local land prices jump through the roof. How is that good for New Zealand?
Not like his name is Bill
Not like his name is Bill Maori, is it?
Its not, thats the point, its
Its not, thats the point, its just selling out your country, yet a lot of PI's like that dude that posted on here want it to happen to raise property prices, so basically PI's now want to sell out to other countries, seriously, PI's would sell their own grandmothers if they could earn a buck from it
Crafar linked to new
Crafar linked to new political party
http://www.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=10669157
Sounds like a bloody good
Sounds like a bloody good idea if they wish to nudge the mainstream New Zealand back toward voting for the likes of NZ First, or maybe see someone new even more extreme and more Sinophobic emerge from the Kiwi masses.
"So, instead of blending into the mainstream, let's confront it!" - that will sure win their hearts and minds?!
Just proves that the fresh Chinese arrivals can be at least equally as dumb and short-sighted as the dumbest of Kiwis.
Do not hold your
Do not hold your breath...waiting on a POM....not a prayer.
Not likely at the present exchange rate and solely dependant on if they could actually sell their farms/houses in UK.
Sorry, this is virtually impossible, unless UK banks start lending heavily again.
Real Estate here is very moribund. Sales signs everywhere, but no DOSH.
Sound familiar.
Interest Rates are rising here to attract foreign dosh.
The race is on!!.
If he ever does sell perhaps the savvy Pommie investor might like to read this blog.
More truth here than from a RE or a Bwanker.
Zero Profit is the prophetic way to over-capitalisation.
Ask OBAMA....before he disappears. in a cloud of debt and of course de-fault is all theirs.
Even the cash-ed up billionaires are bailing....
Some of us do not like to lose our shirts, never mind the family jewels and 'bought the farm' is another way of saying ...yer dead...if relying on huge debt to be forthcoming.
Seems a pity for all simpletons to understand, but greed is not always.....GOOD.
Sell to the Chinese Mafia.
If they can LAUNDER the munny....in time.
Crafar...is as white as white..at least his knuckles are.... hanging on by his fingernails.....but the yellow peril perhaps not tarred with the same brush can raise the dead by injecting a little fibre into the old milk-market here in GODS-ZONE.
Personally...I think I would rather have CRAFAR. (I jest)..
Heaven help us.
Let us pray.
Wow, I cannot believe how
Wow,
I cannot believe how many dumb and thick people there are in New Zealand complaining about overseas investors buying NZ real estate.....Shania Twain owns half of the South Island.
90% of Waihehe Island and the Bay of Islands is owned by overseas people.
The Japanese own most of Queen st in Auckland.
Smell your coffee people....
The reason those people own
The reason those people own so much of what was once our country is because not enough "dumb and thick" people complained about it.
In fact it's pretty safe to say that the "dumb and thick" people were those who DIDN'T bloody complain when a tiny few enriched themselves by selling off much of our country into private hands.
Let's face it: You're the "dumb and thick" person here.
A tiny few !!!!!!!!! A tiny
A tiny few !!!!!!!!! A tiny few thousand I think ...........
You need to sharpen up dummy.
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