19% in School Cert Maths
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|---|---|
| 1 | But even I can figure out if "one in four" properties were bought by property investors in the last few months of 2020, that means 75% WEREN'T bought by investors, so a headline like "First Home Buyers Struggling: 'How can we compete?'" seems solely designed to do what - yet again denigrate investors? https://www.rnz.co.nz/news/national/435562/first-home-buyers seaqueen - 2021-02-03 18:49:00 |
| 2 | You don’t need articles to denigrate investors - they can manage that themselves quite happily. sparkychap - 2021-02-03 19:58:00 |
| 3 | Reserve Bank reports on residential borrowers each month, have done for years, currently about 18,000 borrowers each month.. By far the biggest group are existing owner occupiers at about 60%, most probably trading up or down. Remainder split between investors and first home buyers, plus a few borrowing for business purposes. artemis - 2021-02-03 20:02:00 |
| 4 | artemis wrote: That's new mortgages registered, which includes refinances, not who is buying what. According to that data there are over twice as many residential "borrowers" as house sales each month (25K vs 10K). sparkychap - 2021-02-03 21:09:00 |
| 5 | Although that data is interesting. Lending value to investors was an average of $1bn per month in 2019, It's doubled over the past 6 months, now reaching $ 2.2bn in Nov 2020. ETA however, total lending hit $ 9.2bn against $5bn longer average. Edited by sparkychap at 9:18 pm, Wed 3 Feb sparkychap - 2021-02-03 21:14:00 |
| 6 | sparkychap wrote:
Because of LVR changes, and will start to revert now. artemis - 2021-02-04 07:01:00 |
| 7 | Apart from 'at a rate last seen in 2016' there is no context in the article. Is 25% much higher or slightly higher than normal? What is the range? amasser - 2021-02-04 10:09:00 |
| 8 | And investors always want to pay top dollar so FHBs have no chance. pcle - 2021-02-04 15:16:00 |
| 9 | seaqueen wrote:
Did you really get 19%? johnston - 2021-02-04 15:28:00 |
| 10 | amasser wrote:
Number of investor borrowers high for November - 24% (Reserve Bank), usually within a % or 2 of 20% (up or down). That's borrowers, not properties. artemis - 2021-02-04 15:39:00 |
| 11 | I suppose you have to work out how big the FHB space is. If it's 50% then that would mean investors are buying 50% of that part of the market which is significant. superdave0_13 - 2021-02-04 15:52:00 |
| 12 | johnston wrote:
Yes. Were you expecting less? seaqueen - 2021-02-04 16:02:00 |
| 13 | superdave0_13 wrote:
Not sure what you mean. But residential borrowers are about 20% for FHBs and also investors - give or take. artemis - 2021-02-04 16:06:00 |
| 14 | artemis wrote: Technically it's number of new mortgages approved (which includes switches), or existing mortgages increasing borrowing. So homeowners taking advantage of soaring values and borrowing another $ 20K for a new boat (as an example) will be in that number. Edited by sparkychap at 4:18 pm, Thu 4 Feb sparkychap - 2021-02-04 16:16:00 |
| 15 | seaqueen wrote: I got 92%. It still bites me that I don't know what I lost those 8 marks for. Seaqueen, if your room is tidy, my mother approves. luteba - 2021-02-04 16:19:00 |
| 16 | artemis wrote: So that's "borrowing" and therefore doesn't include the additional investors buying with cash. sparkychap - 2021-02-04 16:20:00 |
| 17 | sparkychap wrote:
Yeah, as usual it is lies, damn lies and statistics. But don't forget the FHBs paying cash. artemis - 2021-02-04 16:42:00 |
| 18 | artemis wrote: Yeah because there are lots of those. sparkychap - 2021-02-04 16:50:00 |
| 19 | luteba wrote:
English was my thing. For maths we had those horrible old grey books with some sort of scale things written in them - logarithm? Plus slide rules. No such thing as calculators. Poor Miss O'Connor did her best with me, but I wasn't to be one of her success stories ????. But yes! My room is tidy, with several cushions which are for display purposes only (Mr SQ doesn't understand) all artfully but precisely angled on the bed. PS: Congrats on those marks...I'm in awe! Edited by seaqueen at 5:02 pm, Thu 4 Feb seaqueen - 2021-02-04 16:55:00 |
| 20 | <3 luteba - 2021-02-04 19:44:00 |
| 21 | sparkychap wrote:
Maybe there are lots. Who knows. What we do know though is that there are some 300,000 landlords in New Zealand, plus plenty of well off households, and some gifting and inheriting is going on. Including serious gifting in my own family. And also under the radar is family renting from family but with expectations eventually. Edited by artemis at 8:07 am, Fri 5 Feb artemis - 2021-02-05 07:55:00 |
| 22 | artemis wrote: Yes but where we don't have empirial evidence we have to make assumptions and I think its a pretty safe bet that the majority of FHBs need finance. On the flip., CoreLogic also puts cash investors at 12% I think, so making investors some 40% of current buyers. FHBs both cash and mortgages make up some 25%. sparkychap - 2021-02-05 08:42:00 |
| 23 | The data is skewed. It's taken from mortgage and lenders. It ignores the fact that a majority of investors are cash buyers. mone - 2021-02-05 13:43:00 |
| 24 | mone wrote:
Completely agree that data can be incomplete. What is useful though is trends where the same criteria are applied (more or less) consistently over many years, like Reserve Bank data. artemis - 2021-02-05 14:52:00 |
| 25 | luteba wrote:
#thestruggleisreal seaqueen - 2021-02-05 15:35:00 |
| 26 | Yeah, they lost me at "toss pillows". cinderellagowns - 2021-02-05 17:24:00 |
| 27 | mone wrote: yes that’s the issue with the Reserve Bank data - its reporting something else entirely. sparkychap - 2021-02-05 18:09:00 |
