KENGAIKIGo numbskol investing at the top of the market again and all you are worried about is a few people dusting their gold bars .
GoldpriceinAUDin1980........$400/ounce...nowup6.6times.
AveragehousepriceinAustraliain1980....$60,000....nowup16.6times.
Excluding40yearsofrent...
OMG!!!!....Imustrushoutand'stack'..hahahaha
QV delivers a grim assessment of the property market after the lockdown endsThe pipeline for new builds has been impacted as has almost every other industry during lockdown.
"Most New Zealanders will look to consolidate their position in their current home as the country works its way out of a forecast recession.
"Selling an existing property and upgrading to a different home will likely be furthest from their mind, although some may be forced to downsize or even relocate to another city in order to gain employment.
"But banks will be patient, particularly in the short term with a multitude of other, softer options available like mortgage holidays, to avoid a flood of forced sales.
"Demand for buying a house will also likely be down significantly," he said.
