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Give it a week. There'll be a new report out.

to clarify - this was for office space? resi vacancy rate of 15% is akin to Detroit.

pffff whatever. I wonder how your attitude would be if all the minerals were found in NSW and NSW only got back 45% of the GST they paid. food for thought.

dunno why, Tom. it's still a perfectly valid idea.

amen. (add10characterlimit)

precisely. or...imprecisely? dunno.

that's my point! hobo, i said that calling a direction is alarmist until after september - that means up or down. if anyone says WA is going to "boom" i'll give them just as much a serve as if they say its "bust". currently people are saying that he WA economy is "bust", so i'm calling them...

no, that's a misquote. I said those that preach the WA economy is dead are alarmists. only you brought up spot Fe prices - the top may come in tomorrow. it may have been already. price is irrelevant. the WA economy is linked to more than Fe price.

I specifically didn't put a figure on it, because when the top is in, the price is irrelevant.

no, I mean the Baosteel plant on the island of Donghai. I think a lot of the economists out there are looking at current projects on the ground, I which case yes I would agree absolutely. but what is current is not all there was, is or will be. Fe spot hasn't peaked by a long shot.

great post Marisa. I think people that see WA investment as "peaked" are probably off with their timing......by about 12-15 years. there are always peaks and troughs in any rising or falling period - one blip does not a trend make. Chinese authorities have just approved an $11bil steel...

...and Yardney is bullish on Sydney. point being....?

rentals are insanely strong. my sister just built a house after renting during construction, and her houses rent will be going from 600pw to 750pw! and this is a sub par house for the area. rentals in construction suburbs are strong too.

no offence, but then why bring it up? you're comparing bris comm with wa resi?

do you support lowballing? it's one thing to offer clearance rates for a house in disrepair, it's another entirely to insult someone with a lowball on a house that stacks up in value to others in it's immediate surrounds. this isn't Bali. we have a certain custom around buying and selling much...

it was an isolated incident - but it's possible if you're on the money. most are 30-40%. and there's no secret. it's all out there for free, public planning policy on govt websites and current construction prices make many things feasible. if i "spill the beans" and lay it out in a nice...

it ain't a buy, reno and hold!!

massive massive massive opportunities right now, especially in property. 35% + returns common. did one for a client two days ago - 80% return after costs. although, higher end stuff has a bucket load of tyre kickers, openly telling agents they'll lowball about 20% under asking etc. stock coming...

Busselton/Dunsborough/Yallingup have more land than they do residents with jobs. 1+1=2 - no surprise there. uh, but what did you buy it for and see a rise on, before it "fell" to $540k?