Is S.A. the next boom state?

[YChromozome]

olympic dam (BHP) and prominent hill (OXR) will probably be the biggest investments, but are years away.

Yep, 10 maybe 20 years.

I would still be surprised if Aus doesn't go into recession in the next few years, and if so - I can't see a boom coming until after this event.

My thoughts precisely - "maybe you should try us in 5 or 10 years. . . (after the housing correction, and the recession)."

Regards,

YChromozome
(100% South Aussie)

 

[zed327]

Realist you really need to get out more.I do live in perth on the beach (secret harbour) and although prices can't continue to skyrocket like they have for the past 4 years the continueing pressure by migration(130 a day) will support current house prices.Also all these young people who flock to the big lights eventually end up with a partner.Bringing up kids in any big city just doesn't cut when compared to the life style of living in a relaxed atmosphere of the beach.I have lived in sydney and perth city but it's the beach life for my family.

 

[Realist]

Realist you really need to get out more.I do live in perth on the beach (secret harbour) and although prices can't continue to skyrocket like they have for the past 4 years the continueing pressure by migration(130 a day) will support current house prices.Also all these young people who flock to the big lights eventually end up with a partner.Bringing up kids in any big city just doesn't cut when compared to the life style of living in a relaxed atmosphere of the beach.I have lived in sydney and perth city but it's the beach life for my family.

130 people a day move to WA. Sounds impressive...

That is roughly 50,000 a year.

If NSW's population remains stagnant and WA's grows 50,000 a year it'll take over 100 years for you to have the same population as NSW.

NSW's population is growing just as much though.

The reality is WA's interstate immigration is from people chasing mining dollars, and/or was from people moving there for cheaper house prices and a better lifestyle. The house prices aint cheap now, and the mining boom may end, and when it does where are the jobs?

Sydney - 4.5 Million people can't be wrong!!

 

[wayneL]

The house prices aint cheap now, and the mining boom may end, and WHEN it does where are the jobs?

Exactly!!!!!!

Perth will be the worst hit place in Aus in the depression.

 

[Realist]

Exactly!!!!!!

Perth will be the worst hit place in Aus in the depression.

And after the crash, when all is lost, and WA is in deep depression, being the value investor I am, I may move there and buy a mansion, on the beach of course.

None of this crappy apartment living anymore for me..

 

[Siraitken]

Realist as you would know being an investor you need to diversify. It sounds like your putting all your eggs, if any, into only inner city sydney. I don't understand why you would only want to focus on one particular area while you could be achieving significantly high returns in another booming state.

The questions really on my mind are:
- What are your sources? Who even says Sydney's population is 4.5 million?
- What specific evidence do you have to support your thoughts in investing in Inner Sydney
- Do you actually own any properties?
- If you do own properties, why didn't invest in Perth while it was booming?

Most of your comments are generalisations and personal opinions which i belive doesn't really help anyone.

I think investing in the street i live on would be good but i dont have anything material to back that up so no one really gives a dam.

Please try and explain to us why Inner Sydney is the best place to invest at the moment

Dave

 

[wayneL]

And after the crash, when all is lost, and WA is in deep depression, being the value investor I am, I may move there and buy a mansion, on the beach of course.

None of this crappy apartment living anymore for me..

You'll be bored ####less

 

[Realist]

Realist as you would know being an investor you need to diversify. It sounds like your putting all your eggs, if any, into only inner city sydney. I don't understand why you would only want to focus on one particular area while you could be achieving significantly high returns in another booming state.

The questions really on my mind are:
- What are your sources? Who even says Sydney's population is 4.5 million?
- What specific evidence do you have to support your thoughts in investing in Inner Sydney
- Do you actually own any properties?
- If you do own properties, why didn't invest in Perth while it was booming?

Most of your comments are generalisations and personal opinions which i belive doesn't really help anyone.

I think investing in the street i live on would be good but i dont have anything material to back that up so no one really gives a dam.

Please try and explain to us why Inner Sydney is the best place to invest at the moment

Dave

Okay quickly, I don't own a property, I do live in inner Sydney. Sydney does have 4.5M - look it up yourself. I did not buy in Perth cause I want to buy a house for me to live in before an investment property for tax and financial and personal reasons. And because I had no idea it would boom so much.

And inner Sydney property was worth more than double Perth property 3 years ago, now they are worth nearly the same, Sydney has 4 times Perths population, it is clear Sdyney will boom before WA does....

And yes it is a personal opinion, based on facts and logic.

Just like anyone elses opinion on property, I may be right or wrong, nobody knows.