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The state of the economy at the street level

Local large fruit and veg market/supermarket that was 10 deep last lockdown is dead quite as of last two weeks. Talking to the owner, he mentioned cash seems to have dried up.
Other supermarkets (woolies/coles/aldi) don't seem to be turning over as much.
People have already bought their 100,000 rolls of toilet paper and 50,000 bags of pasta the first time.
 
Local shopping centre (Midland WA) seemed to be thriving when we first arrived back here 3 months ago, only want or two shops in the centre boarded up.

I didn't countdown but there seems to be at least 10 boarded up now. And apart from McStalin having the occasional rush of blood, WA hasn't really had the same level of lockdown as the Eastern states.

But there does seem to be cracks appearing in the economy here.
Not gold standard thats for sure
 
Went to Joondalup yesterday which is probably the biggest suburban shopping centre in WA and it was pretty busy for a Monday but the weather could be the issue driving people indoors who knows?
 
Real estate agent that lives next door mentioned no one is shifting retail properties. But industrial units are flying out the door.
yes , think about 'warehouse space ' it can be so versatile , i have see one company turn what would be goods storage , into an effective server room with amazingly few extra resources ( apart from heavy duty power of course ) not the stuff you see in glossy ads for big computers , but effective and MUCH cheaper ( no raised flooring no mess of cooling pipes )
 
i have see one company turn what would be goods storage , into an effective server room
Lots of things can be done.

Late 1990's I was involved setting up critical infrastructure inside an apartment.

Critical infrastructure as in government and the reason for using the (privately owned) apartment was simply that the location was workable for the cabling without major excavation works. Back then all the communications cabling had to be physically installed into the building and there were rather a lot of cables involved, if it were done today then technology makes it simpler.

It was in use for a decade or so.

Lots of situations where a building can be used for something very different to the obvious uses.

Another one I'm aware of is there's a critical gas facility located on a suburban house block. The neighbours are indeed just normal houses and it's a quiet residential street. That gas facility supplies the whole area. On site is the gas equipment and a small shed.

Industrial property and in some cases residential can certainly be put to alternative uses. :2twocents
 
One thing I've noticed is that pretty much every business that has my email address seems to have sent some spam lately.

Enough that I've gone through opting out and otherwise saying no more thanks.

Possibly a coincidence but seems rather a lot all of a sudden. :2twocents
 
I think that until there is a very fast, hard mass COVID vaccination program in Australia economic activity is going to crater. The infectiousness of delta COVID is forcing snap lockdowns. NSW is deteriorating .

IMV we can't wait until 2022 for a 80% vaccinated population. There are examples of countries that make this an absolute priority and succeed.

Bhutan went from no jabs to being a world leader in COVID-19 ...

https://www.abc.net.au › news › bhutan-had-one-of-the...
16 Apr 2021 — In just 16 days, Bhutan has vaccinated 93 per cent of its adult population. That means 63 per cent of its 800,000 citizens have received their ...

Remote Himalayan kingdom of Bhutan has few doctors but ...

https://www.abc.net.au › news › covid-19-bhutan-vacci...

26 July 2021 — The Himalayan kingdom of Bhutan has inoculated most of its eligible population with second doses of COVID-19 vaccinations in just a week, in a ...
 

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Yeap seems probable, but the Reset would see them booming for the big corporates
Basically as i see it, small shopping centers, retail street areas will be anihilated but you might see the gap filled by big corporate franchises style in the big westfield style centers...
All good for kmart, zara, etc and coffee clubs kfc macdos
 
have a look at the BWP report released two days back

some might notice SOME ex-Bunnings stores are being leased for other purposes

*** The directors of BWP Management Limited, the responsible entity for the BWP Trust (“the Trust”), today announced the results of the Trust for the 12 months to 30 June 2021. The Trust made good progress in improving Bunnings Warehouse properties and repositioning ex-Bunnings properties in the portfolio during the year. Upgrades were completed for the Croydon and Port Melbourne properties. The Port Macquarie property has been repositioned for large format retail and is now fully leased. A non-binding agreement has been entered into for the Cairns property to be utilised as a film studio, and the Trust has entered into an arrangement with the New South Wales State Government for the recently vacated Belmont North property to be used as a COVID-19 vaccination centre for up to two years. The re-zoning of the Belmont North property has recently been approved and work is underway to determine the best longer-term use for that property. The Midland property has been leased to a car dealership on expiry of the Bunnings lease in September 2021. Options to extend Bunnings leases were exercised for the Belmont, Caroline Springs, Cockburn, Fairfield Waters, Mount Gravatt, Pakenham, Smithfield, Wagga Wagga, Broadmeadows and Dubbo properties. ***
 
Can't get anything. Building stuff is hard to get and bloody expensive. Went to fix some smaller stuff for my friends, can't find anything I need.
 
Can't get anything. Building stuff is hard to get and bloody expensive. Went to fix some smaller stuff for my friends, can't find anything I need.
That obviously means inflation.
When you have to go to 2 supermarkets to fill a shopping list and still come back empty for some items.(3 weeks ago).,before the floods,just the covid mesures effect:
you know something is VERY wrong.
I last experienced that in Hungary pre Berlin wall fall in the 1980s
Same causes, same consequences..only free market system works communism,bogus medical measures .or for oil CC bogus targets twist the system.
It's ok now we can blame Russia after COVID for all our issues.....
FWIW in Panama, not a first world country, i have not seen empty shelves so far in the main supermarkets.
 
That obviously means inflation.
When you have to go to 2 supermarkets to fill a shopping list and still come back empty for some items.(3 weeks ago).,before the floods,just the covid mesures effect:
you know something is VERY wrong.
I last experienced that in Hungary pre Berlin wall fall in the 1980s
Same causes, same consequences..only free market system works communism,bogus medical measures .or for oil CC bogus targets twist the system.
It's ok now we can blame Russia after COVID for all our issues.....
FWIW in Panama, not a first world country, i have not seen empty shelves so far in the main supermarkets.
Specialist electronic goods also. I'm noticing stuff missing from supermarkets as well.
Was talking to a mechanic who was having trouble finding parts
 
Specialist electronic goods also. I'm noticing stuff missing from supermarkets as well.
Was talking to a mechanic who was having trouble finding parts

I've heard that, haven't seen it. Unless trying to source parts from overseas using eBay, some mechanics do that, there are a few countries that have stopped certain parts leaving their shores.

There was a shortage of oil additives last year, causing a shortage of low viscosity engine oils and transmission fluids but that seems to have been resolved. Delivery times have increased significantly and freight prices have increased.
 
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