Comments on: New Zealand Housing Market Slows Further – But Are We Going To See Signs of Improvement Soon? http://deonswiggs.com/new-zealand-housing-market-slows-further-but-are-we-going-to-see-signs-of-improvement-soon/ Healthy Homes for Healthy Kiwi's... Oh and of course Free Real Estate Advice Sat, 14 Jan 2012 02:57:05 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Julian Meteor http://deonswiggs.com/new-zealand-housing-market-slows-further-but-are-we-going-to-see-signs-of-improvement-soon/#comment-263 Julian Meteor Mon, 10 Nov 2008 11:18:26 +0000 http://voices.realestate.co.nz/new-plymouth/?p=253#comment-263 VERY insightful comments about the economy etc Let me know; either way, Julian VERY insightful comments about the economy etc
Let me know; either way,
Julian

]]> By: T.A. Sayers http://deonswiggs.com/new-zealand-housing-market-slows-further-but-are-we-going-to-see-signs-of-improvement-soon/#comment-264 T.A. Sayers Mon, 10 Nov 2008 04:06:47 +0000 http://voices.realestate.co.nz/new-plymouth/?p=253#comment-264 The industry is shrinking ever day along with the market. To be fair the monthly QV report was pretty much spot on. In Tauranga where I’m based we have seen the continuation of a downward trend, and its not going to stop until something acts upon it (Newton’s law). This is out side one individuals control and the true correction wont happen until several other factor are address, these are Job security, interest rates, commodity prices and a true resolution to the ‘credit crisis’. When people feel that they are secure enough to take a risk, the market will begin to settle then I think we can say that we have reached the bottom. No doubt there are so called bargains out there but people are very cold and calculated, not willing to give a bit and really why should they this is a buyers market and the power is in there hands. Good post and advise. When you got to go its better on your terms then the Banks. Take a look at this sad case http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=10542075 The industry is shrinking ever day along with the market. To be fair the monthly QV report was pretty much spot on. In Tauranga where I’m based we have seen the continuation of a downward trend, and its not going to stop until something acts upon it (Newton’s law). This is out side one individuals control and the true correction wont happen until several other factor are address, these are Job security, interest rates, commodity prices and a true resolution to the ‘credit crisis’. When people feel that they are secure enough to take a risk, the market will begin to settle then I think we can say that we have reached the bottom. No doubt there are so called bargains out there but people are very cold and calculated, not willing to give a bit and really why should they this is a buyers market and the power is in there hands.

Good post and advise. When you got to go its better on your terms then the Banks. Take a look at this sad case http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=10542075

]]> By: Matt http://deonswiggs.com/new-zealand-housing-market-slows-further-but-are-we-going-to-see-signs-of-improvement-soon/#comment-265 Matt Sun, 09 Nov 2008 23:01:35 +0000 http://voices.realestate.co.nz/new-plymouth/?p=253#comment-265 Its always amusing to see the ever positive "we're at the bottom, and now's a good time to buy" lines dragged out week after week, even though every other sign in the market (finance, equities etc) are pointing towards a lot more downside. All this does is send the wrong signal to the vendors who hold out far to long for unrealistic prices, while buyers sit on the sidelines. The low sales volumes are testiment to this. The sooner the message gets out there that vendors need to drop their prices the better for everyone. The realestate industry needs to start sending the right messages. Its not the buyers you need convincing. Its always amusing to see the ever positive “we’re at the bottom, and now’s a good time to buy” lines dragged out week after week, even though every other sign in the market (finance, equities etc) are pointing towards a lot more downside.

All this does is send the wrong signal to the vendors who hold out far to long for unrealistic prices, while buyers sit on the sidelines. The low sales volumes are testiment to this.

The sooner the message gets out there that vendors need to drop their prices the better for everyone. The realestate industry needs to start sending the right messages. Its not the buyers you need convincing.

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