In Stuff
"Real estate agents hold on to their own homes"

aklreels - 2020-12-19 12:51:00

The member deleted this message.

ash4561 - 2020-12-19 13:29:00

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gunna-1 - 2020-12-19 13:43:00

What an absolutely useless bit of property fluff. There's no story there, it's just click bait,

Edited by sparkychap at 2:48 pm, Sat 19 Dec

sparkychap - 2020-12-19 14:47:00

sparkychap wrote:

What an absolutely useless bit of property fluff. There's no story there, it's just click bait,

Now I see the light.
Its not only property investors who are buying, many of us are doing it. Buy now, improve (renovate or repair) and sell it in a few years. FHB can't afford to buy in Auckland, so they bought elsewhere.

aklreels - 2020-12-19 15:36:00

NZ Herald in August.

"CoreLogic said first home buyers have hit a record high for their share of the market.
But its senior property economist said investors are still dominating the market at 27 per cent - 3 per cent more than new buyers.
Xxxx said while demand is high, listings are lower than usual and that is in part because owner/occupiers are staying put."
27 + 24 = 51, who make up the rest, 49%?

aklreels - 2020-12-21 20:21:00

Who might have to exit.
Those who lost their jobs.
Small business owners.

aklreels - 2020-12-21 20:30:00

Extract from NZ Herald

"Sales in the Christmas month set a new median house price of $749,000 which chief executive Bindi Norwell said continued the pattern. In December 2019, the national median house price was only $628,000"

Brought out my calculator, and can say that the average houseowner was richer by $127,000 just holding on to their home.

aklreels - 2021-01-15 16:54:00

aklreels wrote:

NZ Herald in August. Corelogic said
"But its senior property economist said investors are still dominating the market at 27 per cent - 3 per cent more than new buyers."
27 + 24 = 51, who make up the rest, 49%?

I wouldn't call 27% dominating . The 49% of "other" is dominant i.e. your average buyer fueled by the usual life changes/challenges and a media that keeps ramping up the FOMO.

hers.nz - 2021-01-15 17:35:00