Property Stocks

[LaserEyeKiwi]

More pain coming ?

https://www.nzherald.co.nz/business/grim-warning-anz-picks-two-more-reserve-bank-rate-hikes-ahead/KK35EIGCIVBUDIRFRJYUABAHPE/

Every other bank disagrees with ANZ.

https://www.interest.co.nz/economy/126332/there-are-clear-signs-rbnz's-heavy-handed-hikes-are-inhibiting-household-demand-and

[Waltzing]

https://www.nzherald.co.nz/business/no-need-for-rbnz-to-hike-rates-again-say-economists-as-market-odds-tighten/57B7TM4MURCV3MHB4TPOGQO2SA/
 

[KW]

Every other bank disagrees with ANZ.

https://www.interest.co.nz/economy/126332/there-are-clear-signs-rbnz's-heavy-handed-hikes-are-inhibiting-household-demand-and

ANZ are just following the money markets.  Bond and Swap rates are back on the rise.  

[Cod]

Three-year-ahead inflation expectations returned to the lowest levels seen before the pandemic in the latest New York Fed survey https://newyorkfed.org/microeconomics

NZ Inflation Dec 2023 = 0.5% annualized = 2% So, we are already at the target CPI.
But RBZN are not allowed to view CPI in that way, so what happens if we get another 0.5 The annualized rate would drop from 4.7 to 4.0 (we would drop off a 1.2 and add in a 0.5)

Its almost as if the ANZ are saying now that the Labour force numbers have come in above expectations, we obviously haven't crushed the economy enough and so we think the Interest rates need to go to 6.0.You cannot view this attachment.

[Waltzing]

Great pastels on inflation thank you..

the some of local com props have sold off again though.. ARG for instance and GMT.

6 ? lets hope NOT!

[Waltzing]

https://www.cnbc.com/2024/02/12/stock-market-today-live-updates.html

going to take a while for this to deflate...

[LaserEyeKiwi]

https://www.cnbc.com/2024/02/12/stock-market-today-live-updates.html

going to take a while for this to deflate...

US equity markets had overshot somewhat.

[Cod]

Influential RBNZ survey shows a decisive drop in the expectation of future levels of inflation in a result that will give the RBNZ comfort ahead of its next Official Cash Rate decision
https://www.interest.co.nz/bonds/126359/influential-rbnz-survey-showsinfluential-rbnz-survey-shows-decisive-drop-expectation

You cannot view this attachment.

[Waltzing]

More com prop being built in the golden triangle ...

https://www.nzherald.co.nz/nz/ruakura-superhub-big-chill-distribution-opens-cool-storage-facility-in-hamilton/C3O4R6YYX5DSVAJYHLHNXXZQ2U/

Is NZ future still going to be strongest in agri culture and related industries needing logistical transport and warehousing  support..

[Ferg]

More com prop being built in the golden triangle ...

https://www.nzherald.co.nz/nz/ruakura-superhub-big-chill-distribution-opens-cool-storage-facility-in-hamilton/C3O4R6YYX5DSVAJYHLHNXXZQ2U/

Is NZ future still going to be strongest in agri culture and related industries needing logistical transport and warehousing  support..

That name rang a bell so I looked it up.  A lot of articles talk about Tainui owning the Ruakura superhub - my understanding is that Port of Tauranga owns 50% in a JV with Tainui:
https://www.port-tauranga.co.nz/facilities/our-national-network/

Anyhoo - good news for FRE and POT (& Tainui) if facilities are expanding and companies are using the SuperHub.

[Hectorplains]

That name rang a bell so I looked it up.  A lot of articles talk about Tainui owning the Ruakura superhub - my understanding is that Port of Tauranga owns 50% in a JV with Tainui:
https://www.port-tauranga.co.nz/facilities/our-national-network/

Anyhoo - good news for FRE and POT (& Tainui) if facilities are expanding and companies are using the SuperHub.

Raukura - the red pit.  It could only be a Tron suburb, eh.

[Waltzing]

The home to https://agresearch.recollect.co.nz/nodes/view/190

[Waltzing]

when will NZ agri industries bear fruit for investors?

https://www.nzherald.co.nz/business/maersk-puts-its-stamp-on-nz-supply-chain-with-150m-new-facility-at-ruakura/T2VMJ5E5QRDT5KNKFT6BEVPHKU/

[Waltzing]

COMP props in the Golden TRI set to take off in the next decade?
 
More office block for auckland?

https://www.nzherald.co.nz/business/watch-mansons-tclm-building-550m-wynyard-quarter-offices/M33QGO23JJBETALPN4CWRV4JCY/

[Waltzing]

China property investors maybe liquidating OS investments to prop up debts in the local market...

A trickle could become a flood and investors start to dump in fire sales in their OS portfolios to prop up the China Value trap property market...

The China investors were once buying up lots of commercial property world over but as valuations in china turn south and show no end of sliding over the cliff lots of real estate over the globe may come up for sale and at any price they can get.