MrsFychan

house prices of any country in the world, raising annually by 10.43%
According to Juwai - https://list.juwai.com/news/2016/10/...dex-gpi-report

This is a Chinese investment website - so expect more investors buying locals out

LoCarb

We're selling the bach and giving the money to the kids.

Young'uns can't afford to buy at these prices

MrsFychan

I looked at buying a rental property which could then give the kids some money when it came time but that was just before rental properties deposit went up to 40% and we would of missed the cut off. Now thinking of just buying some land somewhere and keep hold of it.

LoCarb

Horowhenua's going gang-busters at the moment with the new road, so look to the North!

paddy234

It always correct's itself, most Kiwis are blind to it however

scrubbedexpat094

I thought this was going to be a thread about cucumbers

MrsFychan

well it may also hold that title but unfortunately I do not have any information on that one

garethwm

Its physically impossible for prices to keep continuing upwards at those levels. When investing, I was always taught to sell when the market is bouyant and buy when its depressed. But I suppose if I could predict what the market is going to do I would be rich

MrsFychan

just for you Stix

scrubbedexpat094

Thank you kindly Mrs F. Growen quickly in their own plastic bags

Charismatic

'kin 'ell, saw the Reserve banks M10 house price measure was up to almost 17% p.a. We are now a sort of...property pyramid scheme.

Makes sense however as there if FA being built for regulatory reasons, low tax, home loan rates/inflation is low with most economists expecting two further cuts in next two OCR meetings. Hope the banks can all survive this.

LittleGreyCat

One would hope that the Chinese (and other) investors will take note of the UK market.

Those who invested in London properties in the last year at least will have taken around a 17% hit on the value of their investment due to the devaluation of the UKP.

Then again, the "buy when the market is low" crowd will probably be about to pile in because everything is now much cheaper.

Genesis

Let's face it for most people there is absolutely no benefit to this ridiculous house price increase that prevails. Unless you are getting out of the market or you have bought a property as an investment only and not a home. We all need somewhere to live. What does it matter if my house has a value of 150k or 1.5 million whilst I live in it.

I know I will sell it one day and live off the equity until I die and that really is where the benefit lies. When you want to sell up and rent. Most people want to move up the housing ladder. These stupid price hikes only serve to relieve those of more money as they go up the housing chain. I believe more could be done by all governments to kerb what is going on. This 'free market economy' stuff needs checking in the area of housing. I heard last week that over 25% of people buying in Auclkand own 5 or more homes.

The rich just keep getting richer whilst for way too many the ideal of home ownership becomes impossible.

SSky

We own a rental, not all folk who buy properties to rent are baddies, we bought it for our sons to get onto the property market.

MrsFychan

thats what we wanted to do but unable to.