Really? the bottom end seems to have a floor under it now with buyers- those sellers will look at living where? maybe the next house up a level, and with the BDI on the up, copper on the rise, both idicators of a recovery and low interest rates it would look like a sign for some.
ABS figures...
Are you saying that the ABS are un reliable?
I thought they were the only source of statistics deemed reliable and suitable by the bear camp.
Maybe some RPData, ANZ, Westpac or Rismark would be better if they are available
Tie that article in with the new abs stats showing housing loans on the increase
and numerous newspaper reports saying the same
last nights email from http://mineblogger.com.au/
I thought that mining was supposed to be all over, but there are many jobs available
you could certainly...
Have you had problems getting finance?
If only you'd held onto that unit at Taringa
Those with property, appropriate LVR and serviceability seem to have no problems
All your house are belong to us;)
Blatant troll from the other site.:rolleyes:
What a shame we can't use lots of profanity and rude emoticons to describe our what we think of your type like happens elsewhere.
What a civilized bunch we are here.
http://www.abs.gov.au/ausstats/[email protected]/mf/6416.0?OpenDocument
Nothing new here that we didnt already know, most places down a bit, but crash:rolleyes:....................hardly.
An interesting and frightening article
http://www.telegraph.co.uk/finance/financetopics/recession/3527803/Recession-When-the-money-goes-so-does-the-toxic-wife.html
Looks like its on track for the mine to re-open.
http://newsstore.smh.com.au/apps/previewDocument.ac?docID=GCA00896136NGF
http://www.abc.net.au/news/stories/2008/07/29/2317351.htm
Sounds like over there builders do a big heap of spekies themselves where as over here it is more individuals placing orders for houses.
Could that account for the US oversupply and Australia's apparent undersupply?
Which gets back to what I am saying, for QLD, China was never a big player in coal, only about 3% in total thermal and coking.
Chinas slowdown will hardly affect QJD resources according to published figures.
I realise that othe nations combined will have an affect, but I think WA's red...
But even you are only talking a reduction in coking coal used for steel.
Thermal used for electricity is still going to happen and more than likely increase.
While those figures may be out of date by a few months do you have any more up to date ones?
Here are the stats for QLD coal output and sales for 2008 to date.
http://www.dme.qld.gov.au/zone_files/coal_stats_pdf/quarter_1_08.pdf
In this report it shows China does not even make it into the top 10 list of purchases
Japan buys 17x more
Korea and India buy 8x more
Even Italy...