Is S.A. the next boom state?

[mime]

Is South Australia booming like WA? Have prop prices been rising or falling in SA? They have a considerable amount of mining operations right? Could it be the next boom state?

 

[krisbarry]

Property prices have now stabalised after a period of 5-7 years growth.

Prices on average have risen at least 150%.

So I reckon there aint much left in the tank even with a mining boom and a defence force boom.

 

[bowser]

A continuation of the housing boom is very unlikely but from all reports industries related to mining (goods & services) are doing very well.

 

[cogidubnus]

I am in Portland I will drive and let you know tommorrow.

 

[tech/a]

Demand will be a determining factor.

Rather than force prices up there will be and is opportunity in the building sector.Both domestic and ofcourse in the Commercial and Industrial areas to help with infrastructure. We are seeing this even now with the tenders coming through.

There will be opportunity but as for a general boom such as that we have seen ---no---as the economic in balance isnt there.
IE rental exceeds replacement cost finance.

 

[mime]

Are wages high? Could they sustain a number of interest rate rises?

 

[Realist]

NSW is the next boom state, in probably 3 to 5 years...

Seriously, while the rest of the country has boomed NSW has gone backwards for the past 3 years, if a resource bust or downturn occurs young people will realise they can get jobs or at least better jobs, better pay and have a more exciting life in Sydney than QLD, WA or SA. Housing is more affordable in NSW than it has been for many years.

 

[mime]

. Housing is more affordable in NSW than it has been for many years.

Housing is still not affordable. I seriously cannot see NSW moving forward nearly as much as the other states. The Labor govt has created a huge deficit in the budget where as the other states have been making suplases. It is also heavly taxed, more then any other state which is stunting growth.

 

[cogidubnus]

NSW is the next boom state, in probably 3 to 5 years...

Seriously, while the rest of the country has boomed NSW has gone backwards for the past 3 years, if a resource bust or downturn occurs young people will realise they can get jobs or at least better jobs, better pay and have a more exciting life in Sydney than QLD, WA or SA. Housing is more affordable in NSW than it has been for many years.

what do you mean blondie? If have degrees work anywhere. if have a trade work anywhere. if unskilled and on dole too bad.

 

[Realist]

Housing is still not affordable. I seriously cannot see NSW moving forward nearly as much as the other states. The Labor govt has created a huge deficit in the budget where as the other states have been making suplases. It is also heavly taxed, more then any other state which is stunting growth.

The other states have caught up cause of the Resource boom and the fact that NSW's property boom occured earlier and the bust is happening earlier.

Once WA prices go down as they will, and NSW's go up as they will, and Resource related jobs dry up NSW will leap ahead again.

Sydney's average salaries and job choices are far greater than WA and SA's. There's no question about that. Teh cost of living is higher but that gap has narrowed recently.

 

[noirua]

NSW is the next boom state, in probably 3 to 5 years...

Seriously, while the rest of the country has boomed NSW has gone backwards for the past 3 years, if a resource bust or downturn occurs young people will realise they can get jobs or at least better jobs, better pay and have a more exciting life in Sydney than QLD, WA or SA. Housing is more affordable in NSW than it has been for many years.

There is a chance that Victoria could be in the running for the next boom, - some may say, if they go back a long way, that Victoria is really part of NSW - as Shell and Anglo have been given a $5 billion dollar, 50 year lease on coal to oil in the Latrobe Valley development through Anglo's, Monash Energy Holdings.

 

[Realist]

I reckon the boom order usually goes NSW, VIC, ACT, QLD, NZ, TAS, NT, SA, WA..

 

[swingstar]

I'm no property guru, but if history is anything to go by, it'll take a little longer than a few years for a new boom to get underway won't it? It's only just started to stagnate.

Check out the UK boom in the late 80s. It dipped for 13 years from its highs. Now look where it's at, and it's a fairly similar boom in the US and Australia isn't it? (anyone got Aussie charts?)

 

[Freeballinginawetsuit]

NSW is the next boom state, in probably 3 to 5 years...

young people will realise they can get jobs or at least better jobs, better pay and have a more exciting life in Sydney than QLD, WA or SA.

What you classify as exciting for young crew, maybe your kettle of fish but not everyone's.

Consider the areas that people go on holidays too and relax from the rat race. Then consider why they can't actually live their (Jobs don't allow them to/real estate is exy and the missus is an uptight city gal).

Consider that their are YOUNG people that function outside the box! may prefer uncrowded excellant beaches/surf, laid back pubs/gals and have cruisy mates sharing the same lifestyle.

Not everyone thinks Clubbing, working in a high rise, jostling in traffic and the shops and beaching it at crappy Bondi with a thousand others next to a freak sunning his date in speedo's is Living the life!..

 

[Realist]

What you classify as exciting for young crew, maybe your kettle of fish but not everyone's.

Consider the areas that people go on holidays too and relax from the rat race. Then consider why they can't actually live their (Jobs don't allow them to/real estate is exy and the missus is an uptight city gal).

Consider that their are YOUNG people that function outside the box! may prefer uncrowded excellant beaches/surf, laid back pubs/gals and have cruisy mates sharing the same lifestyle.

Not everyone thinks Clubbing, working in a high rise, jostling in traffic and the shops and beaching it at crappy Bondi with a thousand others next to a freak sunning his date in speedo's is Living the life!..

I agree with you (for once). But the world wide trend is for young people to flock to the biggest cities, your New York's, London's, Sydney's, Beijing's, Tokyo's etc.

And of course those cities have house prices that reflect that demand.

Sydney falling and people leaving NSW goes against the trend of the past 100 years if not 200 years.

Despite what you may think people do not flock to nice beach towns to live, only retired people do. The very opposite happens people leave beach towns to go to the city. That is why WA is completely empty, yet London, Melbourne, Bangkok, Tokyo, New York are packed!!

There is plenty of empty coastline and beach areas in the US, Europe, Asia and especially Australia for people to live - the simple fact is few want to live there.

 

[Freeballinginawetsuit]

I agree with you (for once). But the world wide trend is for young people to flock to the biggest cities, your New York's, London's, Sydney's, Beijing's, Tokyo's etc.

And of course those cities have house prices that reflect that demand.

Sydney falling and people leaving NSW goes against the trend of the past 100 years if not 200 years.

Despite what you may think people do not flock to nice beach towns to live, only retired people do. The very opposite happens people leave beach towns to go to the city. That is why WA is completely empty, yet London, Melbourne, Bangkok, Tokyo, New York are packed!!

There is plenty of empty coastline and beach areas in the US, Europe, Asia and especially Australia for people to live - the simple fact is few want to live there.

As per the "Property Thread" trends of real estate etc, I disagree. If you treat real estate as an investment (future or present), location is key.

Coastal/views, location etc are key components of value. If you get these at the right price, demand is always their. The property market may experience down times but the people with money are always out their and they prefer to live/raise a family in the aforementioned areas, as opposed to Leggo land.

Some may consider a properties location and job oppurtunties for the prospective owner in the area important, but the purchasers with money rarely consider/ are influenced by these factors and location/lifestyle the home offers is their key influence.

 

[Realist]

As per the "Property Thread" trends of real estate etc, I disagree. If you treat real estate as an investment (future or present), location is key.

Coastal/views, location etc are key components of value. If you get these at the right price, demand is always their. The property market may experience down times but the people with money are always out their and they prefer to live/raise a family in the aforementioned areas, as opposed to Leggo land.

Some may consider a properties location and job oppurtunties for the prospective owner in the area important, but the purchasers with money rarely consider/ are influenced by these factors and location/lifestyle the home offers is their key influence.

Mate, why do 4.5M live in Sydney city, more than all of the states WA, SA, NT, TAS, ACT, and North Queensland combined?

Coastal land is a dime a dozen in Aus, do not fool yourself into thinking it is worth something in Australia. It aint!! It is not desirable land. Desirable land is inner city Sydney, Melbourne and maybe Brisbane. Simple as that. I could buy acres of coastal WA land for what a sh*tty carpark in inner Sydney costs.

 

[Freeballinginawetsuit]

Mate, why do 4.5M live in Sydney city, more than all of the states WA, SA, NT, TAS, ACT, and North Queensland combined?

Coastal land is a dime a dozen in Aus, do not fool yourself into thinking it is worth something in Australia. It aint!! It is not desirable land. Desirable land is inner city Sydney, Melbourne and maybe Brisbane. Simple as that. I could buy acres of coastal WA land for what a sh*tty carpark in inner Sydney costs.

I am not talking about acres of coastline in the middle of nowhere in W.A.

You cannot buy any coastal real estate in W.A, in a sought after location for less than 1 Mil, simple as that!.
There are only about 10 locations in W.A. (Coastal) and all of Perths beach suburbs (with views), for our population/aspiring purchasers to get into.

Supply vs Demand is simple. Plenty live in the leggo land suburbs but cannot afford to move up, 3rd or 4th home owners or high paid crew are the only ones that are in the coastal real estate.

4.5M people probably do live in Sydney, maybe they all think thats were its all at to be living the life, thats of no significance to me!, at all.

 

[Realist]

I am not talking about acres of coastline in the middle of nowhere in W.A.

You cannot buy any coastal real estate in W.A, in a sought after location for less than 1 Mil, simple as that!.
There are only about 10 locations in W.A. (Coastal) and all of Perths beach suburbs (with views), for our population/aspiring purchasers to get into.

What do you think you can buy in Sydney for $1M?

Russell Crowe's apartment (yes apartment not house) was $16M about 5 years ago.

Supply vs Demand is simple. Plenty live in the leggo land suburbs but cannot afford to move up, 3rd or 4th home owners or high paid crew are the only ones that are in the coastal real estate.

4.5M people probably do live in Sydney, maybe they all think thats were its all at to be living the life, thats of no significance to me!, at all.

Times have changed, but anyone who owned a crappy apartment in Sydney 4 years ago could have bought a beachside mansion in Perth. Virtually no one did. Don't fool yourself that apartment dwellers in Sydney want to move to the ocean side in WA - they don't!! That is why the whole of WA combined makes up less people than Western Sydney.

The point of 4.5M living in Sydney is land is fairly scarce. Land is not scarce, valuable or even desirable in WA despite the recent boom. Your bust is coming I have no doubt about this whatsoever!

 

[cogidubnus]

you are stupid blondie. why wear a wig? not listen to you or your ij iot posts. go back to skool do u own research ijiot