Fewer properties being auctioned and the sales rate hasn't changed

The main issue for some investors is that the interest rate is much too high.

Investors are still borrowing over a billion dollars per month for new loans. 

I agree that building new is the way to go, but the cramped and poorly designed town houses on 100m2 of land are already becoming a blot on the landscape. 

I think you are missing the insinuation. A flat market is a floor.

I suppose it could be a ledge in a decline but those do not normally last 6 months and more.

Retired-Poppy

You go on like a smug broken record.

You have been telling potential FHB to put their lives on hold since 2017. I recall many debates with you over the pre-covid period 2018 to  2019 when you screamed to hold back and put their money in term deposits. Unfortunately for those that listened to you saw term deposits to go under 2% while house prices accelerated away and prices today are still 20% plus above those levels despite the falls since 2021. You need to acknowledge that you were wrong and apologize to to those who followed your advice. 

I have seen you call your self "wise" because of your calls since the market peak. Anybody even with only a little sense of nous could see in 2021 that house prices were unsustainable and that government action with removal of interest deductability and increase in brightline test, RBNZ with LVR changes and increases in OCR and consequently mortgage rates would lead to a fall - it wasn't rocket science and obvious to all so stop acting like a financial genius. Anybody in their late fifties with a mortgage free home and can only talk of term deposits is hardly "barely average." 

Now, admit your advice back in 2018-19 was wrong and aplogise to those you misled . . . but I'm not holding my breath :)

Cheers

Retired-Poppy, It would be helpful if (like above) you indicated when you edit a post - and number each successive edit because often your posts are edited multiple times. It becomes very difficult to keep up with all your edits.

Better still, say what you want to say once: then leave it alone!

TTP

First world problem? He's bored. 

I assume you would be in favour of sales with stamp duty to foreigners above 2 mil. If as you say they are glacially slow then no harm done?

RP is a hard-core keyboard anarchist hoping he can talk prices down to a zero percent overs ratio. Good luck to him, his theme song should be .... 

Absolutely not! I am appreciate every comment here.

 

The house should be for people live in but a financial element to make money. A country and their people getting rich should be depend on production and technology but comcrement, the land worth some money it is because it is limited resources which government and central bank can’t print.

NZ’ house price compare with kiwi earning is the one the most expensive places to live here, that is why our young people escape to OZ, if this trend carry on, then NZ economy will die so does kiwi culture. The large percentage immigrants is pretty bad as they will change kiwi culture and put democracy in danger, more Chineses, more other religions will destroy the country.

Am I racism? Off course! I was born in China, therefore I knew them 10 time better than you.

yes