The future of Australian property prices

[Glen48]

Soup kitchen are to come here one day for sure, UK opens 3 new ones aweek

 

[im sparticus]

since when did we start paying attention to job figures anyway? they are almost as useless as the US figures. id say all those part timers are now working at dominos, i think they are doing pretty well.

Dominos is booming??

 

[Glen48]

Think they are broke in USA but booming here all making money except the franchisee. .

 

[hangseng]

Im guessing Part-Time jobs arnt that good for "booming" house prices in this new era of responsible lending ?

True but fulltime jobs are.

One mining company in WA alone needs over 6000 new workers for new startup projects but simply can't find them. Maybe some of the people doing part time at Domino's may like to come to WA and take part in what is REALLY going on.

Rents rising significantly in the last 12 months and forecast to rise further with the increased demand.

Add Inpex in the NT and many other new projects and there is simply a massive amount of work available for anyone that has the required skills and willing to relocate or FIFO where avaliable.

But I gues the eastern states are sheltered from this and really don't grasp the enormity of what is happening. Easier for them to ignore the wild west lol

Seriously though plenty happening if you are willing to work and sacrifice a little. One company I know of is looking for diesel mechanics but can't find anyone. At $1950 p/wk + super, all site accom, meals and FIFO travel...seems people are getting just a bit too picky...

And this is only looking at WA and the NT, what is happening in Qld and SA??? I dare say Qld has quite a bit happening, SA I am not sure. NSW, TAS, Canberra (lol) and Vic people will need to think about what to do...Remain and wait in hope of manufacturing to come back, or go to where the work and money is.

WA and NT housing will be just fine.

 

[wayneL]

One company I know of is looking for diesel mechanics but can't find anyone. At $1950 p/wk + super, all site accom, meals and FIFO travel...seems people are getting just a bit too picky...

Pfffft

Jeeeezus if a SE trady isn't making that in the cities (and taking half on the black) there is something wrong with him.

That wouldn't lure me out to the never never.

 

[againsthegrain]

LOL thought he was going to say PER DAY I don't make too far from that in a cosy office in melb. After tax that 1.9k wont be much better off. Sure paid accommodation but in middle of nowhere. So do you live or just exist for some measly pennies?

p.s and thats just the mining bubble how long is that going to last

 

[Glen48]

And if you are over 40/45 you can't get a job.

 

[hangseng]

... and thats just the mining bubble how long is that going to last

Hilarious, more of the same old...West Aussies love here that from you lot, whilst we advance from one project to the next you carry on that it's a bubble. I have been doing this for over 20 years and have heard the same thing every year, with only 2008 showing any signs of slow down that was very short lived.

That keeps on coming up and yet the resource industry in WA in particular continues on expanding at a rapid rate. You should really get out a bit more, the reflection in the window is sheltering you lol...

Your statement displays clearly to me you have no idea what is REALLY going on beyond your comfy office, and merely another armchair expert out of touch with the REAL world.

 

[numbercruncher]

Iron ore continues to do extremely well im not sure that can be said about all the other area of the resources sector as you imply- and I dont see to much evidence of RE boom anywhere in Oz at the moment ? anyone have evidence ? anyone ?

And I agree 1950 a week to live in the desert covered in grease and sweat doesnt sound very appealing to most - maybe WA needs to boost wages a bit if it wants to fill these jobs ?

 

[againsthegrain]

Hilarious, more of the same old...West Aussies love here that from you lot, whilst we advance from one project to the next you carry on that it's a bubble. I have been doing this for over 20 years and have heard the same thing every year, with only 2008 showing any signs of slow down that was very short lived.

That keeps on coming up and yet the resource industry in WA in particular continues on expanding at a rapid rate. You should really get out a bit more, the reflection in the window is sheltering you lol...

Your statement displays clearly to me you have no idea what is REALLY going on beyond your comfy office, and merely another armchair expert out of touch with the REAL world.

My apology, obviously us backwards southerners have no idea how it is in the real world. Ah well back to living in a bubble

 

[young-gun]

i know im being very general here

the further lowering of interest rates due to the tight budget. from memory most aussie property booms i know of began with record low interest rates. i think sentiment was worse last time around too most missed the turn and looks like they will again.

How much money has your superior market knowhow made you?

haha i never claimed to have any know how let alone superior, but with what little i do know, i know that you are going to lose money with your views. unless you are going short on the new property index??? is this your plan?

sorry satanoperca, yes property = down

ps sparticus, exactly how are people going to be able to fund this coming property boom you think is coming? the boomers are maxed out on all fronts, gen y is still getting out of uni, and we're also quite a lazy bunch(so im told). wages are at a breaking point, theres no mroe wiggle room in profits to take on more increases like we've been seeing. somethings gotta give.

 

[young-gun]

Dominos is booming??

sorry, i didn't actually mean for that to sound sarcastic, yes they are booming, hence why i was saying thats probably where everyone is working. i use to work at eagle boys, hope they take me on when the going gets tough!

 

[wayneL]

Bloody Hell!

We've come from property prices to arguments of existentialism.

Who'da thunk it? The real world is NW WA.

 

[DB008]

My apology, obviously us backwards southerners have no idea how it is in the real world. Ah well back to living in a bubble

Yeah, l shouldn't complain. I was earning at least twice my wage (if not more) while doing FIFO work ex PER a few years ago. Yes, l did make some sacrifices along the way, but for me, it paid off and l feel l'm in a more comfortable position in life now.

Each to their own l guess.
Not everyone likes FIFO work. Take the good with the bad.

And before everyone jumps on hangseng, do not judge until you have worked in WA (or had a taste for remote work). There is that much work up for grabs (in WA and possibly NT/QLD/SA) it's not funny.

 

[im sparticus]

sorry, i didn't actually mean for that to sound sarcastic, yes they are booming, hence why i was saying thats probably where everyone is working. i use to work at eagle boys, hope they take me on when the going gets tough!

you know while the gfc was going down i never had so much spare cash in my life it wasnt funny the rent just kept going up holding costs got chrushed things got cheaper but my wage was static to increasing. my guess is this is where the money is comming from.

will you be buying a dominos?

 

[im sparticus]

haha i never claimed to have any know how let alone superior, but with what little i do know, i know that you are going to lose money with your views. unless you are going short on the new property index??? is this your plan?

i guess it was just the way you have discounted the advice of others who have actually achieved something over your own views that seem to have made you nothing had me believing thats where you were at.


for what its worth im as long as long can be. worst case i give back what i shouldnt already have and continue working for wages.

 

[young-gun]

i guess it was just the way you have discounted the advice of others who have actually achieved something over your own views that seem to have made you nothing had me believing thats where you were at.

exactly what advice have you offered? i don't discount any advice i deem remotely credible. once i'm your age, ill let you know how i went. but for now to think that property will boom in the near term to me is simply outrageous, you will have to forgive me for not jumping on that bandwagon with you.

 

[numbercruncher]

you know while the gfc was going down i never had so much spare cash in my life it wasnt funny the rent just kept going up holding costs got chrushed things got cheaper but my wage was static to increasing. my guess is this is where the money is comming from.

will you be buying a dominos?

How often was the rent going up during this GFC thing - was it like a monthly rise or ? and these holding costs you speak of, they got "crushed" - care to elaborate ? after all crushed is a fairly strong word....

 

[Ves]

How often was the rent going up during this GFC thing - was it like a monthly rise or ? and these holding costs you speak of, they got "crushed" - care to elaborate ? after all crushed is a fairly strong word....

I think he is referring to the falling cash rate over the period.

 

[im sparticus]

exactly what advice have you offered? i don't discount any advice i deem remotely credible. once i'm your age, ill let you know how i went. but for now to think that property will boom in the near term to me is simply outrageous, you will have to forgive me for not jumping on that bandwagon with you.

i dont offer advice, there is a good chance im younger than you and even better chance I earn less (and im not being cheeky and talking net). been buying since sydney stagnated in 2005 if i remember right we were right on the cusp on another great australian property crash. would hate to have to repurchase my places today. your gonna say the same about the place you sold too everybody does.