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The future of Australian property prices

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couldnt agree more tyson. magoo u think guys and girls with a trade have just had those conditions handed to them? as a first year apprentice i was working a 40hr week for 160$ a week in the hand. it doesnt get much better as you progress. once you finish your time then its upto you to go out and find the highest paying employers. its upto you to find where the most overtime is. its upto you to find what area of your profession you enjoy the most.

as you can imagine everyone wants these positions - so exactly as tyson said you have to set yourself apart from the rest, or u very quickly find yourself down the road.

it doesnt matter where your working or what your doing, whether your skilled or unskilled. if your keen motivated and ready to go, the possibilities are endless.

i agree with you that construction will definitely slow as it's largely supported by companies requiring office space and expanding. but there is always something going on.

if you're so jealous of people making good money, become one - find out who the main construction players are in your area. throw your resume into them as a trade assistant. sure youll be doing some pretty intense work, but with a foot in the door you can work your way into different positions, get a large variety of skills on site in alot of different areas. not to mention making good $$$ TA's can make upwards of 80-90k even more if they put in 60 hours or more a week.

- house prices to fall
 

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Oh my GOD........ Not even going to bother addressing that post.

But why would I want to start from the bottom as a trade assistant and "get a wide variety or skills" when I already make that much for working in an office ?
 
Mrmagoo said:
Oh my GOD........ Not even going to bother addressing that post.

But why would I want to start from the bottom as a trade assistant and "get a wide variety or skills" when I already make that much for working in an office ?
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Then what's ur problem with construction boom if ur making the same as them anyway?
 
young-gun said:
Then what's ur problem with construction boom if ur making the same as them anyway?
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Construction workers make a whole lot more than 80-90k.

This place is just a little weird sometimes. Like being at a dodgy investment conference or reading one of those self help investment books.

I'd say the point of my post has been missed and the replies are kind of what I was trying to mock in the first place.

LOOK

According to tyson all we have to do is work hard and then eceryone in the world will be millionares.
 
Work hard, earn good money, spend less than you earn, invest wisely and yes you will grow steadily richer,
 

you are have been seriously mislead about the construction industry. yes we make good money. but only after working big weeks. base rates are no better than what you are currently on. only difference is we are able to work more for more money(on wages) as opposed to ur salary, no need to hate.

this has fizzled now anyway so im not bothering to go and read both yours and tysons original post

house prices to fall
 

How about a 6 year medical degree, getting paid $0 per hour for a 40-60 hour week and actually paying to do the course.

Then starting out on $60k, then 2 or 3 years as a resident then 5 years as a registrar, and only then, after 14 years of very intense training and studying, earning more than a lot of other jobs... just food for thought.
 
More food for thought is the choice one makes by going that path. Tradesmen spend an average of 4 years doing an apprenticeship on 25%, 50% and 75% of tradesmen wages due to an actual contribution to the company as skills develop. Well paid jobs need experience with employers wanting from 5 to 10 years of post trade experience. Fair days work for a fair days pay I reckon and your condition is fair effort for eventual reward.

Not to mention actually having a passion for the career.
 

Doctors do OK, I don't think many are in the poor house,

I know dentists do ok, I had to pay one the other day, Now that's money for jam, (but hey, I sure am glad their are all sorts of people good at their jobs to help me out, and if they serve well they will do well)

I don't want to go down the line of tradies vs professials, Both contribute greatly to the economy, Both can earn substantial amounts if they are good at their jobs, and both can enjoy their work,
 

Of course this is off topic, but the final 8 years are making a contribution too. To compare 4 years to 14 is interesting..

It is much easier to get a "fair day's pay" for a "passionate" tradie at a mine (I assume that you meant that tradies do it for the passion and not the pay ), but I can tell you, the hospital system, does not really make any distinction between a person working in metro vs rural..

THIS is where I am coming from, saying the mining boom causes problems in relative incomes. How much extra does a school teacher earn in Moranbah?
 
medicowallet said:
Of course this is off topic, but the final 8 years are making a contribution too. To compare 4 years to 14 is interesting..
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4 years plus 5 - 10 for experience to get a pay commensurate with such. Anyway this is off topic and if one doesn't like the pay or conditions well do something else.
 
Back on topic.

House prices down down down.

Across the capitals, property values have fallen by -3.4% over the past year.

•Hobart (-9.1%) and Brisbane (-6.1%) have been the weakest markets over the past year.

•Sydney and Canberra have been relatively stronger performers with values down -1.2% and -1.6%respectively.

Must have been the floods in Hobart that did it.

Cheers
 

of course this is a much harder path. and never claimed that an apprenticeship was the most difficult way to go. i personally loved the idea of earning while learning, hence why i took that path(not to mention i have neither the intellect nor the motivation for a medical degree) did consider architecture but was even put off at the thought of 6 years for that.

and also medico, there is a higher risk working in the mining industry, even the construction industry in general. 2 deaths in the past month in fact in brisbane alone. and no these guys were not moreons, they were just very unfortunate. although all safety precautions are taken, people do still die - im sure not many teachers have died on the job, regardless of where they are located

thanks for the update satan,

house prices to continue to fall.
 
Wysiwyg said:
4 years plus 5 - 10 for experience to get a pay commensurate with such. Anyway this is off topic and if one doesn't like the pay or conditions well do something else.
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In the city, yes, but there are jobs readily available that pay well very quickly. Also there is better choice of where to live etc.

BTW just pointing out that WCW actually have to do training and such as well. But of course, according to some, a trade is the hardest thing to get into and the hardest to complete, and the hardest to maintain... word for you, 60+ hours of study per week is exhausting.

MW

PS where is Robots?
 
You'll seldom find a doctor who is not a millionare before 30. Their earning capacity is truly amazing.

However, this is NOT off topic because many people seem to be unable to grasp the concept that it is not possible for everyone to be a doctor. So you can't base predictions of house prices on " just work harder and earn more money, see, 700k for a 3 bedroom house in frankston is affordable ".
 

But they are becoming more affordable.

Across the capitals, property values have fallen by -3.4% over the past year.

That is in one year, lets see what happens next year, another 4% fall maybe.

Cheers
 
Nephew just got retrenched, new mob took over and he got his job back at $40 a week less.

They have a mortgage and just cancelled the overseas trip.

Seems to be lots of anecdotal of batterning down.
 
explod said:
Nephew just got retrenched, new mob took over and he got his job back at $40 a week less.

They have a mortgage and just cancelled the overseas trip.

Seems to be lots of anecdotal of batterning down.
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One of my Mates got head hunted by another firm and he's getting an extra $45K a year in a new position,

Whats that got to do with the property market,

Nothing,

Lots of anecdotal prosperity at my end,

If $40 a week is going to spoil your nephew's plans, I would suggest he learns a bit of budjeting, $40 a week is nothing.

Notice he cancelled the holiday though, and not the mortgage,
 

1, Remember people that look like millionaires seldom are, High income does not always correlate with high net worth.

2, No, But being a doctor is not the only way to earn good money. the economy is a very dynamic thing, Full of holes and niches that need to be filled, and their is plenty of opportunity for smart and productive people to earn alot of money.

3, I haven't seen any body say that, But it is true you have to save and make sacrifices to own a property, that has always been the case, If property is truely over valued, don't worry, it will correct, it's impossible for it not to,

Obviously though if you wait till you turn 30 before you decide to start saving you are going to have a harder time at than someone who started saving at 18, and you will have to work harder and make much larger sacrifices, and those sacrifices will seem so much larger because for 10years you have spend every dime on consumption so it will be hard to cut back.

If you blow the opportunity to save in your 20's, your life will be harder and it is no ones fault but yours,
 
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Mrmagoo said:
Construction workers make a whole lot more than 80-90k.

.
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Gross wage for the majority of Construction workers is a little over $800 a week (plumbers a little over a $1000). Unless you run your own business. And yes I do know, as I employ a lot. There is a lot that get paid under $800 per week.

As for property the floor seems to be in for now after some drops in the local area
 
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