The future of Australian property prices

[Smurf1976]

Spoke to a couple tradies before and a sparky said when he was younger he and his wife stayed in the country for a while. It apparently goes pitch dark after the sunset?

If you're working with electricity and find yourself in complete darkness then generally that means something hasn't gone to plan.....

Seriously, assuming you're referring to the "glow" of cities yes it's extremely different in the country and does get completely dark. If it's overcast then you've got no stars or moon visible and thus zero light. Zero as in literally can't see your own arms or the person standing right next to you.

 

[luutzu]

If you're working with electricity and find yourself in complete darkness then generally that means something hasn't gone to plan.....

Seriously, assuming you're referring to the "glow" of cities yes it's extremely different in the country and does get completely dark. If it's overcast then you've got no stars or moon visible and thus zero light. Zero as in literally can't see your own arms or the person standing right next to you.

Yea, that would be a bit wrong

I think he wasn't a sparky when he was there though. Just got here so probably did some farmwork. Maybe the experience got him into proper power and lights?

 

[luutzu]

Sure does Luu, there are no city lights to reflect off the clouds. That is why you can see a sky full of stars up the bush, it is magic!

That sounds nice. I have seen pictures of the Milky Way taken from the outback. Wow.

Can't wait for retirement then.

 

[satanoperca]

Well you had better sit down and have a chill pill, you must be on pretty crappy wages, by the sound of it. That explains everything.
I just looked on Seek for what jobs were around Perth, not all show hourly rate, but here you go.
https://www.seek.com.au/job/3805486...6fc-42bb-4af7-8c2d-2ed608eea80c&type=standout

$50.49/hr 10-12 hours/ day.

$50.49 x 10x 5 days x 48 weeks= $121,176

Obviously investing is outside your pay grade, but that is normal for an industrial sparky in W.A. If you want to go FIFO you can add about 20 - 30k to that.

There is only one of us who is off his trolley, and it isn't me.
You be as rude as you like, if I had your attitude, i would probably be angry also.

I waste my time with uneducated fools. From you own stats, oh I laugh, contract rate, casual temp.

Try $50.49 x 8 x 5 x 46 week - insurance and work cover = might be $85-90K, still not bad for a tradie.

 

[sptrawler]

That sounds nice. I have seen pictures of the Milky Way taken from the outback. Wow.

Can't wait for retirement then.

Out toward Alice Springs the night skies are amazing, the extra number of stars you can see as opposed to in the City, is unbelievable.

 

[satanoperca]

"You be as rude as you like, if I had your attitude, i would probably be angry also"

No just tied of trying to have an intelligent, educated conversion on forums with uneducated fools.

 

[satanoperca]

An homer please learn how to search for information :

 

[sptrawler]

I waste my time with uneducated fools. From you own stats, oh I laugh, contract rate, casual temp.

Try $50.49 x 8 x 5 x 46 week - insurance and work cover = might be $85-90K, still not bad for a tradie.

You really need to get a grip of yourself, from my original post #13381 :

Now I see where you are coming from, my idea of average worker, is a person who has some form of technical training or skill set e.g rigger, tradie, nurse,garbo etc. who can expect to earn approx $80-110k per annum.

A fool shouts loudly, to try and impress, maybe you should tone it down a bit.

 

[sptrawler]

An homer please learn how to search for information :
View attachment 91238

Well maybe you should try, you certainly are a try hard, struggling with traction.

https://au.indeed.com/salaries/Electrician-Salaries,-Western-Australia

How much does an Electrician make in Western Australia?
The average salary for an Electrician is $51.28 per hour in Western Australia, which is 27% above the national average. Salary estimates are based on 390 salaries submitted anonymously to Indeed by Electrician employees, users, and collected from past and present job advertisements on Indeed in the past 36 months. The typical tenure for an Electrician is less than 1 year.

 

[satanoperca]

I work with people who have multiple degrees and more and are not in the over $110K pay bracket.

I employee people overseas who have far more qualifications and skills than the average joe in Australia and do not even earn close to the $80K AUD.

You live in a fools paradise or maybe just geared up to much on Perth property, thinking that average joe earns $150K and can afford your rental properties while the tax payer subsidizes your investment.

Wish you the best of luck. I LIKE SHOUTING, it helps the idiots of this world LEARN.

 

[satanoperca]

Well maybe you should try, you certainly are a try hard, struggling with traction.

https://au.indeed.com/salaries/Electrician-Salaries,-Western-Australia

How much does an Electrician make in Western Australia?
The average salary for an Electrician is $51.28 per hour in Western Australia, which is 27% above the national average. Salary estimates are based on 390 salaries submitted anonymously to Indeed by Electrician employees, users, and collected from past and present job advertisements on Indeed in the past 36 months. The typical tenure for an Electrician is less than 1 year.

You are quoting mining jobs, hardly representative of the rest of Australia.

STOP cherry picking you data, we have been discussing medians and averages as metrics for discussion.

 

[sptrawler]

You live in a fools paradise or maybe just geared up to much on Perth property, thinking that average joe earns $150K and can afford your rental properties while the tax payer subsidizes your investment.

Wish you the best of luck. I LIKE SHOUTING, it helps the idiots of this world LEARN.

I can see why you struggle to deal with issues, I never said an average Joe earns $150k, I said an average Family with both partners working could earn $150k. Post #13381 again.

I certainly hope you listen more than you talk, when dealing with your employees, but I somehow doubt it.
Have a good night.

 

[sptrawler]

You are quoting mining jobs, hardly representative of the rest of Australia.

STOP cherry picking you data, we have been discussing medians and averages as metrics for discussion.

Again, I always said W.A, unlike yourself I try to keep my statements to something I know is fact.
I have no idea what someone in NSW earns or any other State come to that, because I haven't worked there and also don't know anyone who does.

 

[luutzu]

You two not getting along?

 

[sptrawler]

You two not getting along?

No, apparently he is tied of talking to uneducated fools.
Maybe he should stop and practice spelling.

 

[satanoperca]

I certainly hope you listen more than you talk, when dealing with your employees, but I somehow doubt it.
Have a good night.

One who makes assumptions, is one that makes an arse out of oneself.

Back to the topic.
Will the removal of NG on established properties and only apply to new builds benefit society as a whole?

Or more importantly, is Aus property overvalued and going to cause disruption to our economic activity as a nation and see a reduction in standards of living?

 

[sptrawler]

One who makes assumptions, is one that makes an arse out of oneself.

Back to the topic.
Will the removal of NG on established properties and only apply to new builds benefit society as a whole?

Or more importantly, is Aus property overvalued and going to cause disruption to our economic activity as a nation and see a reduction in standards of living?

To quote yourself above, one who makes assumptions, is one that makes an arse out of oneself.
To answer the question, I would be making assumptions.
If you want to debate it, I will, if you want to be antagonistic and rude, I won't.
To debate is to exchange ideas and test them, to be rude and loud is to try and force your opinion, which is all it is your opinion.

 

[satanoperca]

Again I will ask the simple, none rocket science questions :
Will the removal of NG on established properties and only apply to new builds benefit society as a whole?
Or more importantly, is Aus property overvalued and going to cause disruption to our economic activity as a nation and see a reduction in standards of living?

 

[SirRumpole]

Will the removal of NG on established properties and only apply to new builds benefit society as a whole?

Apparently it will save about $3 billion a year which can be spent on other things, so the answer may well be yes.

 

[sptrawler]

Will the removal of NG on established properties and only apply to new builds benefit society as a whole?

IMO not necessarily, it will make it that the only rental properties, viable as an investment are new builds, to get a reasonable return on that investment may well make average rents rise.

It may also make the value of established older style rentals fall, which in turn makes them knock over jobs, this compounds the shortage as people with money land bank the blocks or worse still board up the houses.

The assumption is that a fall in value, means poorer people buy the property, but as has been shown in W.A, that doesn't necessarily follow.
House prices have crashed back to 2006 prices, it hasn't resulted in more low income buyers, it has just increased the amount of knock overs.
The only thing that is guaranteed, is that the wealthy will have a bigger market share of the NG market, be that as a developer or a landlord. Obviously they are the only ones who will be able to avail themselves of the tax break.
There is obviously a lot more to it and we will debate it.

Or more importantly, is Aus property overvalued and going to cause disruption to our economic activity as a nation and see a reduction in standards of living?

The property market is re adjusting, as has happened in W.A and I agree with changes to N.G. Just not the ones that Labor are suggesting.
If the property market is hit extremely hard, there will be a recession and that will see a reduction in living standards as unemployment increases. I've lived through two major recessions, they aren't fun.
A slow gradual deflation of prices will benefit everyone, IMO what Labor are suggesting will cause a crash.
I am sure many builders and property investors, are salivating at Labors proposal, but they will be collateral damage if there is a recession.

IMO
The only way to increase living standards, is by increasing poor peoples wealth, the best to do that is by encouraging them to buy their own home.
Be that through investing, or direct ownership, it has been proven the best thing a retiree can have is their own home debt free.
The problem is, the symptom is being addressed not the problem, with Labors proposal.