Barfoot & Thompson's auction numbers and sales rates steadily improve

Property

Barfoot & Thompson had more properties on offer at its latest auctions and the sales rate was also up

28th Nov 18, 9:37am by Greg Ninness

There was an increase in both the number of properties that Barfoot & Thompson took to auction last week and in the sales clearance rate.

The agency, which is the largest in the Auckland region, marketed 194 properties for sale by auction last week and sold 56 of them, giving an overall clearance rate of 29%.

In the previous week Barfoots marketed 172 properties for sale by auction and sold 22% of them, and two weeks previously 151 properties were up for auction of which 26% were sold.

The most surprising result of last week's auction was the big North Shore auction where 34 properties were on the bill of fare but only four (12%) were sold.

But at the big Manukau auction,where 43 properties, mostly from south and eastern Auckland were offered, the sale rate was 42%.

At the auctions conducted in the company's main Shortland Street auction rooms, where most of the properties offered are from Auckland's central and western suburbs, the sales rates ranged from 27% to 38%.

Overall, the results suggest the market is continuing to track on the same steady course that has been evident for the last few weeks.

Details of the individual properties offered and the selling prices of most of those that sold are available on our Residential Auction Results page.

**Barfoot & Thompson Auction Results 19-25 November 2018**
Date	Venue	Sold	Not sold	Total	% Sold
19-25 November	On-site	5	14	19	26%
20 November	Manukau	18	25	43	42%
20 November	Shortland St, CBD.	4	9	13	31%
21 November	Mortgagee/Court	0	1	1	0
21 November	Shortland St	12	32	44	27%
21 November	Pukekohe	2	8	10	20%
22 November	North Shore	4	30	34	12%
22 November	Kerikeri	1	1	2	50%
22 November	Shortland St	4	8	12	33%
23 November	Shortland St	6	10	16	38%
Total	All venues	56	138	194	29%

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81 Comments

by Nic Johnson | 28th Nov 18, 10:04am 1543352666

Mortgage debt creates money in the modern economy. Paying off mortgage debt destroys money in the economy.
Seems like there are more people wanting out of the mortgage than into it by the looks of these results!

by tothepoint - d… | 28th Nov 18, 10:11am 1543353104

Yesterday, some people here were picking a worsening result from B & T's latest auctions.......

Today's headline, however, clarifies that the converse is true.

As we head into summer, the weight of evidence indicates that the Auckland housing market is gathering pace - despite the Foreign Buyer Ban.

TTP

by PropertyPrices2Fall | 28th Nov 18, 10:17am 1543353460

we are 2 days away from the end of SPRING (no spring bounce in housing)..

there are ONLY couple of auctions before shutdown till the beginning of Feb..

and the sale rate is still in the 20's....

WOW..

by Mrs The Point | 28th Nov 18, 10:53am 1543355592

Yes indeed, it has hotted up to a 71% failure rate, let the good times roll.

https://www.youtube.com/watch?v=7BDBzgHXf64

by Fritz | 28th Nov 18, 12:12pm 1543360321

Clutching at straws there mate. 29% is really poor.

by Nic Johnson | 28th Nov 18, 1:29pm 1543364996

TTP. Mr Orr has a favour to ask... it's your round again by the looks of it!

'The housing markets' future is in the hands of people who want to step up and borrow' (Adrian Orr 28/11/2018)

by tothepoint - d… | 28th Nov 18, 2:02pm 1543366932

"'The housing markets' future is in the hands of people who want to step up and borrow' (Adrian Orr 28/11/2018)"

When, in history, has that not been true.......?

TTP

by CourtJester | 28th Nov 18, 3:38pm 1543372714

What weight of evidence? 29% clearance rate is 'gathering pace'? You mean gathering pace for a downward price correction, right?

Funny to read this article from the herald from 2015: https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11…
Clearance rates back then "dropped" to 50ish percent and suddenly everyone was scared and sellers were "urged to be realistic".

by David Chaston | 28th Nov 18, 10:22am 1543353777

I don't think the data supports that view. Check RBNZ C35. That shows clearly that mortgage drawdowns exceed mortgage repayments every quarter since March 2015. Over the whole period, the excess is +$14 bln. In the past year is has been a bit under +$2 bln (although that is lower than just over $2.7 bln in the prior year).

Bottom line is that mortgage drawdowns are rising faster than mortgage repayments (which incidentally are made up of scheduled repayments, plus repayments in full, plus repayments in excess of loan scheduled repayments).

Besides, be careful drawing cobclusions from auction results on this matter. Auctions seem to make up only a small fraction of all rel estate sales activity. And resales data from REINZ doesn't include sales of new builds.

by Nic Johnson | 28th Nov 18, 10:43am 1543354980

Thanks David

Expertly done. Why do REINZ not include sales data of new builds?

by nymad | 28th Nov 18, 10:57am 1543355822

There's a hint in his comment.
"And resales data from REINZ doesn't include sales of new builds."

You can't use new builds in repeat sales or SPAR indices for obvious reasons. However, they are fine in hedonic indices and I dare say the REINZ HPI doesn't exclude new builds.

by BuyLowSellHigh | 28th Nov 18, 3:09pm 1543370956

Word salad. Doubt even you know what you are on about.

by nymad | 28th Nov 18, 3:26pm 1543372006

You have the mother of all superiority complexes.

Fine. I'll bite.
What about my comment is "word salad".
Again, I'll remind you; just because you don't understand something, it doesn't mean that it is nonsensical.

by NorthernLights | 28th Nov 18, 11:03am 1543356188

I’m sure they’ll be many drawing down a little more on their mortgages ( revolving credit line ) to give themselves a buffer for what’s ahead in 2019
Best to draw down now rather than leave it later when your bank may tighten criteria
You won’t lose your house if you have enough liquidity but you will lose it if your bank suddenly stops your ability to borrow.

by Ex Expat | 28th Nov 18, 11:19am 1543357151

Latest Core Logic estimate on my home (Kohi) is back up to 100% of CV as at 25/11.

by mfd | 28th Nov 18, 12:56pm 1543363003

Finally the monkey scores a direct hit on the dart board.

by Chairman Moa | 28th Nov 18, 1:41pm 1543365708

You must be corking that Champagne bottle. The true value is the amount of money someone willing to pay for it.

by Nzdan | 28th Nov 18, 2:00pm 1543366835

Guys, guys, Homes.co.nz still has my property at 118% of CV!!! 121% of purchase price. Haven't I done well, *brring brrring* oh hold on Roy Hon Fong is calling me BRB.

by CN | 28th Nov 18, 2:25pm 1543368312

Actual sale value may be quite different from the estimated market value.

I recall a property in Auckland being valued on homes.co.nz at 42% above the most recent CV at the time. The subsequent actual sale price was 12% lower than the valuation by homes.co.nz.

I'm sure that there are many instances of this occurring where the valuations are different to the ultimate final sale price. Valuations may be re-assuring for you but the final sale price (and sales proceeds) is what really counts.

Look at the GFC in 2009 / 2010 - many banks valued their assets at their estimated value, yet when they needed to sell, the prices they received were much lower than their valuations.

by Nzdan | 28th Nov 18, 2:38pm 1543369097

Apologies, just got off the phone with Roy Hon Fong. He said you're wrong.

by taimaiakka0 | 28th Nov 18, 12:11pm 1543360301

Yeah and also does not reflect the vendors expectation which is low to get it sold and to avoid unceratinity (Previously when the market was going up every week buyers were jumping to avoid paying more in future. Similary now when the the market is down Sellers are jumping to sell to avoid getting less in future).

To know how the matket is : 29% Success rate is supposed to be very good. It intself explains the current market situation.

by BuyLowSellHigh | 28th Nov 18, 1:24pm 1543364641

''...be careful drawing conclusions from auction results on this matter. Auctions seem to make up only a small fraction of all rel estate sales activity."

A very good point. Add to this the fact that in a flat market without FOMO buyers, auctions can paint a overly pessimistic picture.

by Retired-Poppy | 28th Nov 18, 10:09am 1543352987

I see a good proportion that sold in this property specific (buyers market) have sold above CV. This will further distort the dataset when REINZ next report. Many disillusioned vendors have no choice but to offer that extra something (renovate or discount) to attract the discerning and patient buyer.

What housing shortage?

by Carlos67 | 28th Nov 18, 10:13am 1543353201

There is a housing shortage, its called an affordable housing shortage. If everything dropped from $1M tomorrow to $100K there would be zero houses for sale the day after because I for one would instantly buy five of them and they would all be SOLD.

by Retired-Poppy | 28th Nov 18, 10:21am 1543353669

...so you agree we have a growing glut of overpriced homes then? Faced with the fading influence of the marginal buyer together with our nearest neighbours houses getting cheaper by the day, it doesn't bode well for Auckland and consequently, the entire country. The RBNZ knows what's coming and is opening the taps to help mitigate the growing risk.

by Independent_Observer | 28th Nov 18, 10:21am 1543353681

This is what I don't understand about reserve banks attempting to play god when they look more like satan

by NorthernLights | 28th Nov 18, 10:43am 1543354983

Retired Poppy
This is good news
Lowering prices means a lot of people will find a home the can afford even if we aren’t low enough yet

by Independent_Observer | 28th Nov 18, 10:19am 1543353555

And its now that you realise (or perhaps not) you have no self awareness because you are in fact the problem we need to address, not the solution to the issue.

Greed and the assumption that people need to own 3,4,5,6.....houses because they want to make money, as opposed to having a (yes one) place to live, raise a family and retire...

Greedy speculators are the issue we need to address - get rid of them,they offer nothing valuable to the country.

by NorthernLights | 28th Nov 18, 11:42am 1543358567

Anyone calling themselves “Independent- Observer” is suspect
The landlord who busts his guts out cleaning up houses after tenants ruin them you mean ?
The last tenants I had were a computer programmer & his accounting wife & child
They managed to not only destroy parts of the wallpaper but stained the middle of the main lounge carpeting
So bad the professional carpet cleaners gave up
Yes you need to be an Auckland landlord to experience the ups & downs

by Zachary Smith | 28th Nov 18, 12:08pm 1543360088

An independent observer working for the Politburo.

by Independent_Observer | 28th Nov 18, 2:19pm 1543367983

I hear the northern lights aren't so bright these days

by Carlos67 | 28th Nov 18, 10:07am 1543352876

Market appears to have bottomed out and will slowly rise. Heading to Christmas pretty fast now so its more or less all over for 2018. Next year could see some interesting developments.

by Taubin | 28th Nov 18, 10:42am 1543354952

I very much doubt it has "bottomed out" and is "rising". The rise from 26% to 29% is hardly a massive rise.

If it were to drop the same amount and someone called it "falling" people would be screaming that 3% is pretty meaningless and we need to keep a look out for longer term results.

by mealsonmeals | 28th Nov 18, 10:19am 1543353599

Understand headlines are used as click bait.

But would we class 26% to 29% as "steadily improving". Historically, isn't this prime time? Still seems to be very low clearance rates.

by Averageman | 28th Nov 18, 10:13am 1543353182

Agreed.

by NorthernLights | 28th Nov 18, 10:40am 1543354843

Its winter on this side of world Snow
So that must be the reason

by Hardly | 28th Nov 18, 1:12pm 1543363941

When I saw the headline I thought ‘damn might be up in the 40s’ but no it’s in the 20s. It would be interesting to see the step change that occurred in late October on a graph.

by Better things to do | 28th Nov 18, 10:14am 1543353299

12% clearance on the Northshore.. and the market is on the improve? Yes Auction volumes are up, but it is a stretch or misleading to say sales rate up also.. can anyone remember when NS clearance was lower than 12%.?

by NorthernLights | 28th Nov 18, 10:39am 1543354770

Sssshhh !

by Nzdan | 28th Nov 18, 10:14am 1543353297

56 very happy vendors this week.

by Taubin | 28th Nov 18, 10:48am 1543355289

And 138 not so happy ones!

by RickStrauss | 28th Nov 18, 10:17am 1543353453

Some very interesting results again. One outlier auction in Manukau takes the overall rate up from 25% (results without Manukau) to 29%.

Be worth checking out what the mix of houses in the Manukau auction was like, to achieve a much higher rate than everywhere else in Auckland did.

by moneyphobe | 28th Nov 18, 10:36am 1543354585

Why cant we get the sales data for all houses sold by auction and by negotiation? or am i missing something?

by NorthernLights | 28th Nov 18, 10:37am 1543354652

Fantastic news
Time for a parade down Queen St
194 homes for sale
56 sold
138 unsold
29% Sold. 71% Not sold
I guess this is a booming market right ?

by theglc | 28th Nov 18, 11:11am 1543356683

Ok I picked 35%

I wasnt expecting another result in the 20s in peak selling season! that is a ridiculous result!

I guess this is why the RBNZ is relaxing the LVRs, things are getting desperate!!!!

by Plutocracy | 28th Nov 18, 3:11pm 1543371081

Yeah, I was personally expecting high 30's to 40's. Pretty bleak result considering the time of year. I don't know how some people can try and spin this as being a good result in terms of clearance.

by theglc | 28th Nov 18, 11:13am 1543356795

Oh and sticking out like dogs balls is the north shore result

4 from 34, what the hell is going on there???

Any insights anyone????

by NorthernLights | 28th Nov 18, 11:55am 1543359320

Dear thegic
North shore vendors refuse to lower their asking prices is why only 4 sold
As said earlier the smart property owners will use this time to draw down more mortgage funds & bank them for the coming 2019 probable financial crisis
The banks won’t be so obliging later if your market valuation declines too far

by CN | 28th Nov 18, 1:08pm 1543363703

"North shore vendors refuse to lower their asking prices is why only 4 sold"

Not sure what time period the 4 transactions occurred.

If it is for a month, then that is a low level of market liquidity. With such low transaction volumes, if vendors become financially stressed (loss of job, reduction in household income, etc) then some vendors who have had their properties listed for sale for a long period of time will consider accepting lower prices in order to get them sold. (In 2009, I recall a vendor who had their property listed for sale for 12 months as there were no interested buyers at the price indication level, where the vendor cut the price that they were willing to accept - this resulted in a loss for them).

Other vendor types (in different circumstances) may be unwilling to wait that long such as
1) estate sales as surviving family members don't want the holding costs of the property and don't want the hassle of managing the property,
2) vendors who need the cash to purchase another home such as upgraders, downsizers and those moving into retirement villages, those relocating to other cities for job opportunities, those relocating to other locations to be closer to family, relationship breakups, etc)

Let's take a look at the North Shore neighbourhood of Takapuna.
1) As at 21 Nov there were 121 properties listed for sale
2) there were 20 transactions in the neighbourhood for the last 3 months (or about 1.54 transactions per week)

What happens if a large number of the 120 current vendors become desperate, time constrained or unable to withdraw the property for sale from the market for any of the above mentioned reasons? For example, say 40 vendors have deadlines which they need to proceeds from the sale, then these vendors may be more willing to accept a lower transaction price.

These lower prices will then become price comparisons for the neighbourhood. This then impacts:
1) bank LVR's on existing property loans - especially loans where the borrower is on interest only terms and the bank may reassess the property portfolio value for property investors which could require the borrower having to reduce their LVR to levels acceptable to the bank. If the borrower has insufficient cash, then this may require selling properties in their property portfolio.
2) asset values used to determine bank loan amounts for new borrowers. Lower asset values mean lower borrowing amounts potentially.
3) changing price expectations for potential buyers that they prefer to wait for lower prices before actively looking for a property. This results in the number of active buyers in the local property market falling.

This is what many people overlook - they are led by many to focus on underlying demand and supply, (rising demand due to immigration and population growth, small number of new houses being built in the area) as there is a (underlying) housing supply shortage of housing in Auckland .... Meanwhile in the property market place, there is an (effective) housing oversupply due to the absence of buyers at current price levels which is resulting in falling property prices. (there are active buyers at lower price levels, not higher price levels)

by Taubin | 28th Nov 18, 2:20pm 1543368048

"Not sure what time period the 4 transactions occurred. "

Well, if you look at the handy chart, you'll see that those 4 transactions (out of 34 available) occurred on the 22nd November. I mean, it's right there unless I'm the one completely missing something...

by CN | 28th Nov 18, 2:55pm 1543370153

Thanks. I overlooked it.

The comment about the property market and what happens when there are low levels of market liquidity (i.e transaction volumes), and an unchanged or increase in vendors coming to market is the key point to note - this causes the effective property market imbalance between demand and supply and resultant market price changes.

by Nic Johnson | 28th Nov 18, 11:31am 1543357905

Did anyone here pick up on Mr Orr's 'Watch, worry and wait.' from the financial stability report... excellent!

by Zachary Smith | 28th Nov 18, 11:52am 1543359125

Here we have an example of the resilience of the leafy suburbs:

https://www.barfoot.co.nz/766228

RV 960k sold for 1.010M. Nice little two bedroom brick and tile unit in Epsom. Buy these while you still can.

Actually a lot of potential in this one. A premium price for a do-up but it could be made into a three bedroom possibly and made a lot nicer inside.

by NorthernLights | 28th Nov 18, 11:58am 1543359514

Zach
You must be joking surely
Leafy burb yet Only a mere 40K over RV !
Yes that’s.....extraordinary if you say so

by Zachary Smith | 28th Nov 18, 12:05pm 1543359905

50k over and a do-up! This is actually a very smart buy.

by Chairman Moa | 28th Nov 18, 1:42pm 1543365745

For another 500K this is what you get across the ditch!
https://www.realestate.com.au/property/40-price-st-wooloowin-qld-4030

by Zack Brando | 28th Nov 18, 7:30pm 1543386630

$1.010 Million. What a dive, the kitchen and bathroom look like they're from the 60's and it's a unit! Honestly, I wouldn't even pay $280,000. It's small and the wallpaper is hideous, everything about it is hideous.

Somebody got taken for a ride.

by kane02 | 28th Nov 18, 10:50pm 1543398634

Are you taking the piss?

by simplton | 28th Nov 18, 1:03pm 1543363434

By comparing auction results week to week and making deductions on what the market is doing by those comparisons aren’t we kidding ourselves a bit. In all likelihood as auction results change the makeup of the properties in those auctions will markedly change as will vendor and purchaser behavior. As with prices, are they going up or down? The results that are being focused on are the prices of properties that sold. What are the prices (between a will buyer and a willing seller) of the properties that didn’t sell, that we don’t know

by Tui12 | 28th Nov 18, 1:04pm 1543363446

I grew up in Epsom, a brick and tile sht box unit for a million bucks is a smart buy seriously?
29% at this time of year is horrendous. Market will tank in 2019 do not get sucked into to this if you are a FHB.

by Yvil | 28th Nov 18, 1:37pm 1543365442

"Market will tank in 2019"

Yeah right Tui

by mealsonmeals | 28th Nov 18, 2:01pm 1543366917

Honest question, considering this is the height of the selling season & clearance rates are 29%.

Looking forward, what would you expect clearance rates to be in autumn & winter of 2019?

by tothepoint - d… | 28th Nov 18, 2:28pm 1543368503

"Looking forward, what would you expect clearance rates to be in autumn & winter of 2019?"

Answer: Quite possibly as much or more than they are now. There are quite a few positive signs for the housing market, the most recent being the RBNZ's changes to LVR's - announced earlier today.

A whole bunch of people here predicted, fervently, that Auckland house prices would collapse before the end of 2016; and then by the end of 2017; and then by the end of 2018.......... but these folk were wrong.

It's now about 26 months since the Auckland market peaked. With every month that passes, there's less chance of a sharp downward price correction........

Instead the Auckland market is likely to simmer on with notably good selling prices recorded - especially in preferred locations handy to the CBD.

TTP

by Retired-Poppy | 28th Nov 18, 2:33pm 1543368817

by tothepoint | Fri, 24/02/2017 - 10:00 "A fall of a mere 12% over the next 3-4 years would be a soft-landing, given the spectacular gains of the recent past. So, hardly a forecast to get too uptight about. But the fall could be more pronounced than that - shouldn't rule that out. Auckland property prices are in decline now. Unless there's a compelling personal reason, why would one buy a house in Auckland at this juncture? Better to "buy low and sell high" than the other way around - every Joe & Jill Bloggs knows that. And that's exactly the reason buyer confidence is fragile - as indicated by the falling numbers attending open homes (while sellers/investors are striding towards the door in increasing volumes). Buyers have largely got the message that biding one's time is a prudent strategy right now, while over-geared owners/investors are displaying a nervousness not evident a few months back"

by Retired-Poppy | 28th Nov 18, 2:45pm 1543369502

Shortly afterwards, around April 2017, Agent TTP was born. From there Agent TTP's forecast spun 180 degrees. It's still the same market, the only thing that's changed, is TTP is now an RE Agent.

Requests for some concrete analysis as to why his forecast had changed so abruptly have been met with silence. Void of an explanation, he joins Yvil as just another Flip Flopper.

Furthermore, house prices collapse over a period of years. Not within one year. What a silly and desperate fabrication to concoct.

by tothepoint - d… | 28th Nov 18, 2:50pm 1543369828

Hi R-P,

First, note that there have NOT been "spectacular [price] gains of the recent past". Auckland house prices have been pretty stable, overall, for more than two years now - and sales volumes have diminished markedly.

You've firmly staked your reputation on your prediction that the median Auckland house price will fall by at least 5 per cent [year-on-year] by the end of 2018.

Clearly, it's prudent for us all to wait and see what transpires in this respect - before we attach credibility to your prolific advice and recommendations.

TTP

by Retired-Poppy | 28th Nov 18, 3:05pm 1543370701

Agent TTP, you comment "there have NOT been "spectacular [price] gains of the recent past"

It was YOU that posted the April 2017 comment saying there had ;-)

Next you'll be running around claiming the GFC never happened......

by tothepoint - d… | 28th Nov 18, 3:04pm 1543370658

Hi R-P,

I quote:

by Retired-Poppy | Wed, 28/11/2018 - 14:33
up1
by tothepoint | Fri, 24/02/2017 - 10:00 "A fall of a mere 12% over the next 3-4 years would be a soft-landing, given the spectacular gains of the recent past. So, hardly a forecast to get too uptight about.

........ So there we are, for all to see. The passage by me was written on FRIDAY 24/02/2017 which is 21 months ago - so historical!

R-P - you need to update yourself!!

TTP

by Retired-Poppy | 28th Nov 18, 3:10pm 1543371045

Ha-ha-ha :) your response certainly provides a snapshot into the mind of an RE Agent. Resign and speak the truth, your conscience depends on it.

by tothepoint - d… | 28th Nov 18, 3:27pm 1543372028

Hi R-P,

I suspect you're more than a little anxious about your aforementioned prediction concerning Auckland house prices.......

For sure, there's a lot resting upon it for you.

TTP

by Retired-Poppy | 28th Nov 18, 3:38pm 1543372697

Ha-ha :), nah - not at all. Please feel free to question my timeline. My bias against further price appreciation cannot be questioned by those who can't even perform some analysis and publish sound facts. As you already know, property prices have fallen in any parts of Auckland by up to 10% (unadjusted for inflation). Property prices are heading one way - down. The difference going forward, more and more areas will succumb.

by theglc | 28th Nov 18, 2:48pm 1543369684

Nah, Auckland houses will tank next year for sure!!!

It will take more than easing of LVRs and reduced interest rates to save it.

Buyer demand has disappeared!!! and the coming debt crisis hasnt even started yet

predictions for end of next year

Italy - Toast (Greece 2.0)
China - stock market and housing crash and complete Kaos as currency dives
USA - Stock market Crash and Recession
South Africa - Extreme Recession
Australia - Recession and continued housing correction
NZ - Recession and big housing correction
Argentina - Extreme Recession

by Independent_Observer | 28th Nov 18, 2:57pm 1543370248

So quite optimisitc then

by theglc | 28th Nov 18, 3:04pm 1543370640

Its a lot more probable that not.

by Chairman Moa | 28th Nov 18, 3:08pm 1543370926

I predict China and US will have a go at each other, we will be pooped!

by THE MAN 2 | 28th Nov 18, 5:25pm 1543379156

Auction rates are clearly down in Auckland compared to where they were!
Anyone with any brains will be buying now as people that normally go to Auction tend to be more motivated, well many are in Christchurch.
I will state that the motivated vendors are always where I buy property at under true market value and especially when I have no competition.
Get alongside successful people that have been there and achieved and you won’t go wrong!

by Chairman Moa | 28th Nov 18, 5:29pm 1543379392

"Get alongside successful people that have been there and achieved and you won’t go wrong!". Thought I've seen and heard that phrase before.
Aha, Richmastery brochure and Phil Jones opening line !

by Carlos67 | 28th Nov 18, 10:22pm 1543396920

"Get alongside successful people that have been there and achieved and you won’t go wrong!" Not much chance of that on this site. It would be interesting to know the net worth of some of the people on here and I wouldn't be surprised if some of them were in negative territory either from their comments.

by Independent_Observer | 28th Nov 18, 10:27pm 1543397250

Net worth in financial terms or as a productive member of NZ society?

by Carlos67 | 29th Nov 18, 9:51am 1543438319

Net worth typically refers to financial position. Please don't further confuse the already confused on this site ! LOL. This site is all about people giving what is essentially financial advice not how to become Mother Teresa.

by Nzdan | 29th Nov 18, 10:32am 1543440747

I agree, no Virtue Signalling allowed on this site.