The future of Australian property prices
- Thread starter Joe Blow
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like your link, demonstrate what needs to be demonstrated .Plumber = mechanical or process engineerAll my engineer buddies are multi millionaires so I'm the wrong guy to argue with. One actually said he got rich by buying big expensive equipment. Where as anyone could buy a hammer and drill.
Here's some stats remembering that these include subbies and sole traders. Also that the national average income in Australia, according to the ABS, is $88,140.
Here's the site actually:
https://www.traderisk.com.au/how-much-do-tradies-earn
Like I said to everyone that thinks they make too much. Grab a hammer and find out
See below.I invite you now to compare the difference O/S and you will, surprise surprise discover that this is not replicated, and we have one of the most expensive housing in the world..This is what the thread is about.
Is there a link? definitively.
as for grabbing an hammer I do...
Engineers earn that year on year. Tradies earn it in a good year. Not to mention sole traders are running a business still.like your link, demonstrate what needs to be demonstrated .Plumber = mechanical or process engineer
See below.I invite you now to compare the difference O/S and you will, surprise surprise discover that this is not replicated, and we have one of the most expensive housing in the world..This is what the thread is about.
Is there a link? definitively.
View attachment 121779
as for grabbing an hammer I do...
We are still 40% Labor to material same as any other country. Everything is expensive here and that's the real problem.
If it were just the fact that tradies priced more then we would see a blow out in the cost ratio. If people are willing to pay that much for housing then it's a supply issue.
I was just looking for houses in my local area and there are none on the market and possibly 3 rentals. Surrounding suburbs and its 2 houses for sale.
The other problem, they ain't making any more land where people want to live.
Tradies wages crash after a cycle and then you starve. And I mean literally starve.
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Thread seems to have gone off the topic of property prices but for what it's worth, well I made quite a few $ back in the day operating a machine like this:
Just remember it's a big blade and a powerful motor, there's almost as much power as a small car there. Not a job for those who rush and make mistakes.
Generic video that's not actually me.
Just remember it's a big blade and a powerful motor, there's almost as much power as a small car there. Not a job for those who rush and make mistakes.
Generic video that's not actually me.
I was thinking of doing plumbing at one stage. Then a guy came to fix our sewer pipe and I watched him up to his knees and armpits in ****. And so ended the dream.
They earn their keep as far as I'm concerned.
Couldn't stomach corn for a while either
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Thread seems to have gone off the topic of property prices but for what it's worth, well I made quite a few $ back in the day operating a machine like this:
Just remember it's a big blade and a powerful motor. Not a job for those who rush and make mistakes.
Generic video that's not actually me.
I have no issue with manual work, I did my side while a student, even cleaning smelters etc, my point is just that some people do not want to admit that , as opposed to other countries, what we call tradies: the man and his Ford Ranger be he plumber, electrician, carpenter, bricklayer who is freelancing with retail housing construction is paid well above the pay scale they do in other countries including major western ones.
And this has to have a major impact on housing in a country where most housing are still built piecemeal way with very limited prefab/manufactured components. So the input in this thread, after we can deny it, be it, as I say, I do not care...
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No argument there but to look at both sides, it was largely those in suits who created the situation.
Once the state electricity authorities, railways, water boards and so on were required to become "efficient" and stop training thousands of apprentices for the sake of training them meanwhile all manner of "compliance" regulations were introduced, the rest was straightforward economics from there.
A big cut to supply combined with enforced higher demand = wages boom.
Go back to the days of very deliberate flooding of the market with qualified tradies plus there being no such thing as "compliance jobs" and it was a very different story.
Men in suits created the wages boom and, somewhat ironically, most tradies opposed it at the time. I remember those union meetings.....
I have a suspicion strongly that they will..... starve that is..... for a time.
Well it is true that housing is expensive because of tradies wages. However it's kind of chicken and egg stuff as everything is expensive. And the 40% Labor to material is still bang on.
I'm still getting my head around median wage being $88k. I know its just skewed by big earners but still.
I can take a photo of every tradie I know and they are all driving bombs. The only guy that isn't, has a $50k hilux and is borrowing a couple hundred off his dad every week.
My mate that does something in the office is on $250k a year and he looks like he is bloody struggling. Felt like kicking him in the bum. But it shows that shts too dear round the cities.
Guaranteed. Just hard to pick the cycle anymore. Interest rates disappeared.
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Had thought most Civil Engineers these days were required to have their own indemnity insurance even as a private employee.
Some employers pay an allowance to assist in this matter.
Maybe just a NSW thing.
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of course, as do GPs, even in IT...Had thought most Civil Engineers these days were required to have their own indemnity insurance even as a private employee.
Some employers pay an allowance to assist in this matter.
Maybe just a NSW thing.
over9k
So I didn't tell my wife, but I...
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They do. The excess is usually 10% of the legal settlement if they **** something up too.Had thought most Civil Engineers these days were required to have their own indemnity insurance even as a private employee.
Some employers pay an allowance to assist in this matter.
Maybe just a NSW thing.
A friend of mine a while back worked for volvo trucks that were building a warehouse, they got a structural/civil engineer in to do the sums on what concrete/foundation(s) they needed for all their pallet racking etc, he did the sums, the concreters came in and laid a $600,000 slab and then when the racking mob came in to install all the racking and went through all the paperwork, foundation inspections etc etc as part of the ass-covering process they realised that the engineer had ordered the wrong grade of concrete and then the whole thing had to be demo'd and redone.
He paid.
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No problem here.
Lets use the current Sidney Powell defamation defense. Good for just about anything.A key member of the legal team that sought to steal the 2020 election for Donald Trump is defending herself against a billion-dollar defamation lawsuit by arguing that “no reasonable person” could have mistaken her wild claims about election fraud last November as statements of fact.
Pro-Trump lawyer says ‘no reasonable person’ would believe her election lies
Lawyers for Sidney Powell argued conspiracies she laid out constituted legally protected first amendment speech
I was told that by a doctor. You want to revisit what you said above?No problem here.
A key member of the legal team that sought to steal the 2020 election for Donald Trump is defending herself against a billion-dollar defamation lawsuit by arguing that “no reasonable person” could have mistaken her wild claims about election fraud last November as statements of fact.
Pro-Trump lawyer says ‘no reasonable person’ would believe her election lies
Lawyers for Sidney Powell argued conspiracies she laid out constituted legally protected first amendment speechwww.theguardian.com
Haven't heard it paid for by a private employee.Had thought most Civil Engineers these days were required to have their own indemnity insurance even as a private employee.
Some employers pay an allowance to assist in this matter.
Maybe just a NSW thing.
over9k
So I didn't tell my wife, but I...
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Can we all just agree that there are a lot of costs that go into running basically any business (ones that the customer usually doesn't see) and move on?
Yeah let's talk about that over9k number plate. What's the back story on that.
Oh and houses. There's nothing on the market so houses are going to go up more. No rentals either except for units
over9k
So I didn't tell my wife, but I...
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Not sure if you saw my other post but it wasn't actually me. I've lived in Melbourne before but don't now, have never had a number plate made, and have never owned a BMW.
Lately, I've actually been investigating all these "road registerable units" etc that can be set up on land without council permissions. If you live on acreage and can get them installed like I could/don't care that some randoms are living at the back of your property, the P/E is astounding. You can get a 50% ROI if you rent one one out.
The even sadder part is that most of them are actually bigger than a lot of the shoebox apartments that now exist (like the student housing posted earlier).
When you can buy a caravan with a secured loan from the bank for single digit interest, it's literal free money.
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Ha Ha!! Excellent. So what do we have here ?
Possibilities
1) Yep a GP told you he can or does charge $50 every 4 min.
2) You chose to believe him and quote this as the basis for suggesting doctors are making a mint. (The extrapolation I made was $750 p/h)
3) Does your belief in such a statement with no other corrorobative evidence give it validity or should we stand back and say "No reasonable person would believe this ?"
4) Or perhaps it's just hyperbole and should be seen as such
By the way I would certainly accept that some consultations take only a few minutes. I suggest the misdirection is using that as a basis for estimating the total income. In fact we came to roughly the same figure.
And I also know a few doctors.
Must have glossed over it.
Funny you should say that. There was a lady on gumtree that had one (caravan) and was basically paying rent to park out the back of your house and use the electricity and water.
I saw a guy that had a bunch of shipping containers that had converted them to student accommodation in Sydney in a warehouse. Stacked on top of one another as well. I think he ended up on the news.
