Quick Finance Market Update with David Windler

Important: Nothing in this video is financial advice of any kind. Always seek professional advice before making any financial decision.

Hear from the finance legend himself, Dave Windler, a quick snapshot of what's going on with interest rates, OCR, Swap rates, QE, Bank Appetite, and more...

 

CLICK HERE TO WATCH ON YOUTUBE

 

To contact Dave: https://mortgagesupply.co.nz/ To book for the latest Property Traders Report ONLINE ($5 donation) go here: https://www.eventbrite.co.nz/e/property-traders-report-live-online-charity-fundraiser-tickets-162884426705

Important: Nothing in this video is financial advice of any kind. Always seek professional advice before making any financial decision.

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The most dangerous words we’re hearing out there…

If you’ve been with us a while, you have heard us say this before, but right now, today, it is worth repeating;

“When markets are booming, people think they’ll boom forever. And when markets are slumping, people think they’ll slump forever.”

Neither is true of course as history proves over and over.

Right now, we are in the euphoria stage. What we are seeing every day in the market is more than a ‘boom’…It’s mania out there. There are multitude reasons for this as we know, but one constant we keep hearing:

“’This time it’s different.”

Those words…Prevalent in any boom, are some of the most dangerous words an investor can ever mutter, or believe.


These words are rationalisation. And rationalisation is one of the signs of denial.

Denial of what? The inevitable outcome of all of this, which is that one day, sooner or later, the music WILL stop.

The difference between us, and many commentators out...

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Property Academy Podcast

How long will interest rates stay low?
 
Check out this excellent explanation by the team at OPES Partners on their latest podcast episode. They break down the recent announcement from Adrian Orr, which went mostly unreported, but has some significant clues in it.
 
Well worth the listen. CLICK HERE FOR ALL OF GOOD STUFF
 
And this podcast is a brilliant resource in general, if you are not subscribed go and jump on it!
 
😎
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Suburb update: Otara, Manukau, Papatoetoe, Otahuhu

🔥Hot off the press! 🔥
 
Suburb update for those of you interested in Otara, Manukau, Papatoetoe, Otahuhu, from the awesome Levani Lum-On!
 
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The truth behind the $640,000 profit in Otara

 The truth behind the $640,000 profit in Otara 
 
Well, our client has really stirred up the chat on the news sites last week. 
 
We get it. On the face of it, a $640,000 gross profit in four months seems like an example of wild speculation in a market gone crazy. 
 
But that is not so. Our clients don't speculate. In fact, we loathe speculation. 
 
This client, who we'll call 'Client-J' was not reliant on the market increasing to make a substantial profit from this deal. She calculated it based on knowing the market, knowing how the pieces worked, and being able to see what others couldn't. 
 
The deal had its challenges too, it wasn't all plain sailing, but look at the result!
 
Here's the OneRoof article in case you haven't seen it: Click here 
 
The point is, this result was achieved because of purposeful strategy, not luck or hope. 
 
And look at who the three bidders were:...
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Important: Trusts Update from Monteck Carter Accountants

Original article HERE

What Trustees need to know

The legislation

The new Trust Act modernises trust law and makes significant changes to the way trusts are currently administered in New Zealand. The Act aims to update trust law and make the law accessible to all (not just lawyers). The Act will come into force on 30 January 2021, and will then apply to all existing written trusts, as well as any new written trusts established. It could also apply to statutory trusts or other types of non-express trusts (such as constructive or equitable trusts) if the Court decides that the Act should apply.

Why the change?

The quality of governance and administration of trusts is often well below the standards of other countries. This new law will be targeted towards those that are poorly governed, but it will result in a higher level of scrutiny on all trusts.

Your obligation as a Trustee

From 2021 your duties will be broken down into two types, Mandatory and Default.

Mandatory trustee duties...

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From the frontlines: End of week report for week ending July 31 2020

 
 
The market overall in most centres is extremely strong (we would use the term 'red hot' but it's a bit emotive ) and we are seeing crazy levels of activity!
 
Our clients in Wellington, Christchurch, Whangarei, Tauranga, Hamilton, Dunedin, Hawkes Bay, Palmy, are all reporting the same things, massive interest levels from home-buyers and very strong investment demand as well.
 
At our meeting in Manukau this week with our Advanced Results Team, the owner of the largest Real Estate franchise in South Auckland and several agents from his office ran us through the activity and sales results as we do most weeks, and they are as strong as we've ever seen in over 20 years of investing.
 
Auction rooms so full that 40+ people had to stand outside (see the photo, crikey ), multiple-offer situations on almost everything within a day or two of listing, some with 10+ offers! Agents desperate for stock and not enough coming to market to even closely...
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Four property investment myths that might stop you succeeding: Graeme Fowler

Original STUFF article here

OPINION: I’ve been an investor for more than 30 years now and house prices are something I’ve never been interested in, or paid much attention to.

I’ve never thought “should I buy now?” because I just read a headline to say that prices in my area are soaring.

So many people ask me: “What do you think the market is going to do?”

My answer for the last 30 years has been fairly consistent: I don’t know. I don’t care. Hopefully prices will drop. Why does it concern you? If you did know what was going to happen, what would you do and why?

 

The idea that you can predict what house prices will do at any point in the “cycle” is one of the myths that catches property investors out.

Here are a few others.

Myth Number One.

Generally, investors think that the big cities such as Auckland, Wellington, Hamilton and Christchurch will be better to invest in because they falsely believe that...

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Students to earn NCEA credits through money education

This looks like a step in the right direction! 

I hope many schools adopt it into their curriculum's and run with it.

It’ll be sanitized to the extreme but it’s a start at least and if the kids can leave school knowing ANYTHING about money, they’ll be a hell of a long way ahead of me!

Very cool.

Original article HERE

 

High school students will now be able to gain NCEA credits by learning about money.

The Commission for Financial Capability (CFFC) has launched the new resources through the Sorted In Schools free financial capability programme on Tuesday.

The resources are aligned with unit standards and have NZQA accreditation allowing students to gain credits in level 1 and 2, and merit and excellence endorsements.

It is also available in te reo Māori for teaching in kura and Te Reo classes.

Students will learn about money management, saving, debt, goal setting, insurance, investing, KiwiSaver and retirement.

Director of learning Nick Thomson says the...

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