Expat dating Upper Hutt New Zeland

Before we undertake a Plan Change, we want to make sure we have identified the right areas and the values within them. Have you had lots of fantails and tuis visiting your place lately? The results from the annual Upper Hutt bird count survey are in, showing that while you should be seeing plenty of tui, silvereye, fantail and kingfishers around, some of our other native birds are struggling.

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Quick Links Call us Get in touch online Messenger. Open Search. Open side Menu. Managing wastewater Disposing of contaminants safely How does our water network work? Engage a professional to help with your project Change of use or extending the life of your building Step Two - Check if you need consents or approvals Sub-menu Do you need consent? Still, I'm not sure that even Covid is enough to bring many of these Kiwis home.

For some who were already considering a return, Covid will be enough to tip the balance. For many others, it will be too hard to leave career situations that will be impossible to match in NZ. But also, as per Statistics NZ in June, for the first time since records began NZ had a net gain of kiwis returning home vs leaving.

There are , expats still overseas as well. There are significantly more than 10 or 15 currently looking for property and thousands more offshore weighing up when they should return. In April, May and June arrivals and departures had been reduced to just a trickle compared to their former levels, with passenger numbers bottoming out in both directions in May, when there were just arrivals and 10, departures". You are combining tourist arrivals with returning migrants. Tourist numbers are zero whereas nearly all arrivals are returning citizens and permanent residents.

Pretty sure those claims were talking about the next months. Averageman No. FB's claims were not about the next months. Its obvious now that the market is about to plummet and there is absolutely nothing anybody can do about it. We are going back to prices. Fair enough P8, I have already admitted that I jumped the gun a bit because I did not know just how low the RBNZ and government would go to keep the ponzi going. But, seriously, what do you think would have happened if the mortgage holidays and wage subsidy payments were not rapidly introduced?

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FB You - as well as a couple of others - have made numerous extreme unsubstantiated postings. Great to see you own it. Maybe will continue to see postings of differing views but substantiated. Cheers and I wish you well. Thanks P8, but please answer the question. What would have happened if the wage subsidies, mortgage deferrals and massive drop in interest rates were not rapidly introduced?

FB In response to your question: "What would have happened if the wage subsidies, mortgage deferrals and massive drop in interest rates were not rapidly introduced? The action of the government in introducing the wage subsidies and mortgage deferrals has simply delayed the consequences of the impact of Co-vid on housing. After all, once these come off then we are going to be exposed to the actual consequences of Co-vid.

We really do need to remember that all that the wage subsidies and mortgage deferrals have done little else but simply delayed the impacts and not reduced unemployment nor reduced mortages or given free money to mortgage holders.

You can see that over reaction of the sharemarket which most of the time tends to be more over reactive and more sudden than the housing market. In the longer term e. So we need to really wait and see what the actual effects of Covid are on the housing market.

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Government action has simply delayed that. When Orr announced the OCR rate he did not mention housing - rather he talked about targeting and trying to encourage businesses to invest and job creation.

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But, yes there are consequences for mortgages and the housing market. Firstly the mortgage rates were so low I think that in practice it has meant only a slight change to the already very very low mortgage rates. It seems that due to the economic uncertainty, banks have tightened up due to perceived risks which could outweigh any positives - they still have the stress test 6.

As for QE - I think that is likely to have a significant effect on housing market just as we have seen on the share market as those that can look more to assets rather than cash investment as happened following the GFC. Would agree that its more or less unrealistic to expect any great changes until after subsidy's wind up, which is conveniently setup to work in with the election. Then its Xmas, and then end of financial year etc. IMO the true picture of what will happen will be apparent this time next year onwards.

Aussie Banks are going to extend the Mortgage holiday of up to an extra 4 months. What's the likelihood of that being implemented here in NZ? More time to delay the inevitable? Or will it buy more time for the overall health of the economy? In March he was telling everyone he was the oracle who saw this all coming in Indeed, I was nervous about the housing market earlier this year - with the onset of Covid I was upfront here about that.

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But I did not predict a massive fall in house prices, like various people here did I foresaw no more than a percent correction fall in house prices - and that remains my position. To date, however, the housing market has remained resilient. In some regions, house prices have continued to rise as reported in the latest statistics. We've got a wage subsidy in place, mortgage holidays and business support schemes to cushion the economy after the lockdown. I think we'll have to wait until the wage subsidies are gone until we get a better picture.

The returned kiwis all need somewhere to live. Mortgage interest rates keep getting lower. The post election Govt will keep printing and propping up the economy. But, yes, must be challenging for QV and valuation agencies especially trying to set the Sept valuations. This has turned from positive net inflows to net outflows, yet people still keep saying "returning kiwi's will push house prices up". From what I've seen a lot of the returning NZ'ers and not likely to be home buyers, but are often younger people who had less stable employment overseas and had to return when their job situation changed and didn't have the resources to remain overseas.

And then if you add on top of that the expiration of wage subsidies, mortgage deferrals and high levels of new builds that were being constructed to accommodate a growing population Depends on who you talk to. I know of a number of expats returning and looking at property.

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At current low sales volumes post-pandemic it is extremely challenging to show the medium-term trajectory of the market or credibly revalue properties. When your perpetual increase paradigm runs out of gas, you just stop reporting numbers. Propaganda in place of facts on the ground. Yeah right. Most of the returnees are coming from Australia, where they're coming home because they've lost their jobs, then have a choice to stay in a country with no income or benefits, or come back to NZ for a free two week hotel stay followed by benefits including dole and ongoing accommodation support.

I reckon those betting on these returning kiwi's to be house buying writ-large are going to be largely disappointed. But are returning NZers, fleeing Australia following redundancies and being unable to access the Australian social welfare system, really in a good place to buy a house here, no matter how low the interest rates? And even those with children are surely more likely to shift back home to parents than pay inflated rents, at least in the short term? Wage subsidy and bank payment support have worked well.

Todays Stuff article cites both of these as preventing mortgagee sales, so this is a form of life support. Will the banks continue their payment deferment unlikely? Will the Banks plunge interest rates even further also unlikely? Thus agree it is finely balanceded indeed. Finacial life support has created an "easing" market. How will the patient fair when removed from life support? Once the Govt is reconfirmed at the election, it will be time to "take our medicine" as the pollys will all have another three years of job security. National keeping up the "own goal" strategy will continue to erode any slim chances they had.

While searching for historical figures, I found this. Well, not a huge surprise since the assumptions of "rates rise and population growth eases" is exactly the opposite of what happened. At least Covid is now fixing the latter. Thanks for that. I was incorrectly under the impression QV was fed by only core logic data. Just did a random search and most of Barfoots incorrectly reported June sales done in May are accurately recorded.

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Does that mean QV also captures all condo pre sales? Not sure if they class as unconditional sales. Yea, that's always been an issue with the data. Those aren't captured until the keys are handed over and at a lag. One way to capture them would be to back out an index from the deposits taken. However, this isn't required to be disclosed.