WA - From Boom to Bust

[agathos]

Someone mentioned about the ritzy homes at Mandurah, Cox Bay, Port Bouvard, etc around the Mandurah & Pinjarra region:

Lots of excess happens there over the last 4 years.
Too many specuvestors (to borrow a phrase used by one of our honored forum netizens) bought these properties, hoping to FLIP them back onto the market

Now, ladies and gentleman, allow this snake oil peddlar to bring you the latest news from the grapevine, as with regards to the state of properties in Mandurah and Port Bouvard and Cox bay, etc:

Things are going so slow that real estate agents actually dug out and dug up the old contacts in their books of those who have bought properties from them 100 years ago (This portion is exxagerated) and ask if these ex-clients would like a piece of the action.

Hmmmmmmmmm, I have a friend in PINJARRA who told me this first hand.
She says, "What, you think my coconut have gone nuts or what?? I am trying to offload one of the 3 properties I have bought and here you are trying to sell me a piece of Mandurah???? Thanks. No Thanks Sir".

Conversation must have gone something to that extent!!!!!!!!

I am sure the shakers and movers must be trying to pump up action with TV shows, what not, scratch and win gimmick, land price reductions, and prime every bit of advertising from the 1st home buyers 21,000$$$ grant, etc.

But there is one factor I'd like to share:

It's the FEAR factor.

Where fear reigns, it's even greater than GREED!

And, once a while, the land must undergo ECONOMIC Fat Blasting too!

ouch! .Sumimasen......Kombanwa.................................................

 

[chops_a_must]

SA going down the gurgler as well .....



http://www.news.com.au/adelaidenow/story/0,27574,24823166-2682,00.html

SA has always been down the gurgler though...

I mean... basically, they've been in a secular depression/ long standing recession really for ages. It has really only been the federal funding that has kept them afloat.

Anyway... here is the current infrastructure spend in WA. Comments regarding the regions are also added. And you can then make your mind up about the royalties for regions scam... I mean scheme as promoted by Sire Brendan Gryllths.

Mr Ripper said the Government would spend more than twice as much per capita on regional infrastructure as it did in the metropolitan area in the 2008-09 Budget.
"In 2008-09, capital works spending per capita in the metropolitan region will be $1,459 per person," he said.
"But across regional WA the Government will spend a $3,296 per person - that is $1,837 or 126 per cent per person more."

$4.5billion for health care, an increase of 5.8 per cent with 22.7 per cent more for mental health;
$3.6billion for education and training - up 3.9 per cent;
$2billion for law and order and community safety - up $135million;
$388million for disability services - almost double the amount spent in 200001;
$349million for child protection - up 16.5 per cent; and
$1.2billion on tax relief - with a 15 per cent cut to stamp duty on the medianpriced home, saving the homebuyer about $3,000.
Mr Ripper said capital works in the Wheatbelt region had been allocated nearly $122million in the Budget.
He said the region's roads were a key priority, with more than $68.7million allocated including:
$40million to continue the construction of the passing lanes on Great Northern Highway between Muchea and Wubin;
$25million for works on the Indian Ocean Drive between Lancelin and Cervantes;
$2.9million to widen the Brookton Highway from Corrigin to Hyden;
$600,000 toward the construction of stage one of the Lime Sands Route on the East West Heavy Haulage Route; and
$383,000 to reconstruct Great Eastern Highway between Hines Hill and Merredin.
The region's water supplies were also a key priority, with $35.3million committed for a range of projects including:
$6.7million for various works to extend the pipeline from Bakers Hill to Toodyay;
$4.5million to replace the pumping station component of the Goldfields and Agriculture Water Supply in Cunderdin;
$2.9million for work on the Williams Waste Water Treatment Plant;
$2.8million for water quality improvements at Dalwallinu;
$2.6million to continue infill sewerage works in York;
$1.6million for minor works to water and waste water in the Wheatbelt;
$1.3million for pipeline improvements and chlorination works at Pithara;
$1.2million for works on the Dulbelling Reservoir;
$1.2million for work on the 600kl tank at Dumbleyung;
$836,000 to complete works on the Waddouring Tank;
$764,000 toward a water source at Woodridge;
$577,000 for conveyance upgrades at Williams;
$560,000 for upgrades and effluent disposal of the Toodyay Waste Water Treatment Plant;
$515,000 for works to the water supply at Lake Grace;
$347,000 for chlorination improvements at Dowerin;
$299,000 for the Lake Grace Turbidity Dam;
$258,000 toward the construction of a four-megalitre tank in East York;
$245,000 to commence internal CCTV inspections of the Goldfield and Agriculture Water Supply;
$198,000 for replacement works on the Goldfields and Agriculture Water Supply, near Meckering;
$120,000 for upgrades to the Southern Cross pumping station;
$100,000 to complete water quality improvements at New Norcia;
$100,000 for chlorination works at Bindi Bindi;
$54,000 to the SCADA Network to monitor the water supply in Northam;
$50,000 for disinfection work at the Narrogin Waste Water Treatment Plant;
$50,000 for disinfection of the Wagin Waste Water Treatment Plant;
$50,000 towards disinfection works at the Northam Waste Water Treatment Plant;
$50,000 for infill sewerage works at Bruce Rock;
$45,000 to complete works on the 25-megalitre additional storage tank in West Northam;
$10,000 to complete works on the disinfection of the Beverley Water Supply; and
$10,000 for chlorination improvements at Ballidu.
The Wheatbelt's energy infrastructure received $5.4million to fund the following:
$2.8million toward the installation of a third transformer at the Muchea Sub-station; and
$2.6million for works to connect Iluka Resources to the sub-station at Cataby.
The Muchea Livestock Centre received an allocation of $11.9million to complete the construction of new buildings.
Moora's Multi Purpose Health Facility was allocated $158,000 to complete the $8.5million project.

It's not complete I do not think, but it is pretty thorough.

It also doesn't set out the likely spend needed on the Ord, nor does it lay out the expense of the Bunbury HWY.

Interesting story with that one... Had been on the priority funding list for about 10 years. Allanah had been arguing with the feds her whole time as minister to stump up the cash, as it is not a road that we needed to take responsibility for. Eventually, she threw in the towel and paid for it completely out of WA taxpayers pockets. Along comes Rudd and Swan... oh yeah... we'll finally put 150million in... but not to reduce your payments, or as a reimbursement, but to speed the project up by 6 months. I mean really.

Same with the Ord. Millions upon millions has been spent by WA taxpayers on this... and then all of a sudden the Feds come in and claim credit for it. But still... it's that sort of vision that is not shared by our fellow countrymen in a state in particular that has been mentioned throughout this thread.

300 million is our total allocation from that "nation building" fund. What a joke. As you can see... it will do absolutely nothing as long as we get 6-7% of road funding in particular, with 30% of the nation's roads...

 

[numbercruncher]

with 30% of the nation's roads

Alot of these roads would be sparingly used hey ? I think WAs population is circa 2mil so 30pc of the roads budget would be well out of the question .... 10pc seems fair though ( in line with % of population)

 

[chops_a_must]

Alot of these roads would be sparingly used hey ? I think WAs population is circa 2mil so 30pc of the roads budget would be well out of the question .... 10pc seems fair though ( in line with % of population)

10% would be fantastic.

Currently we only get 7%.

But in certain areas, road expenditure is much higher than what would be expected given the usage... because up North they just wash away with quite high frequency.

We also need a whole lot of truck routes to have sealed roads as well. That's another big problem.

 

[noirua]

Many moves are being made country wide to reduce costs. WA is sacking the tea ladies.

 

[BradK]

ALot of talk about Mandurah... anyone know about the area of Ellenbrook in the North East of Perth? I built and flipped a property there three years ago - just wondering how that little part of my old life is going?

Brad

 

[BradK]

Ahhh just looked. The prices are bull****... I wonder what they are ACTUALLY selling for... 20 pages of the stuff!

 

[chops_a_must]

Ellenbrook took a MASSIVE hit as the proposed rail line that was supported by both parties is being scrapped because of the royalties to regions.

Was going bananas when the rail was revealed in the plans, with all the sustainability bickies and stuff the area had... But now... kaput. Gryllths has ****ed it.