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I'm just very wary of developing in negative cashflow markets on the basis that they are rising, because that can stop very quickly (particularly over the life of a development project) and you can soon find yourself in a declining market with high holding costs and ultimately a forced seller

that's a relief then one measure we can't rely on tho is median pricing. The statistical distortion over the past 8 years made a mockery of it as any sort of informed measure

again I disagree but we won't be able to change each others mind

ok lets not get into that again, I know you are into dev sites and that's a different slice of the market. Fortunately the markets I deal in are just starting to really move. The south west is going exceptionally well

we are only going around in circles because people have different perspectives on things.... some seem to say "the boom" has ended, others don't. I can't change your POV. I refuse to run with the herd instincts. Karratha has been an exceptional market since I started looking at it 1990 and...

the second article discusses the strange pessimism that has befallen the WA public, I think you are suffering from it. All these enormous projects are only still completing or coming on stream. The WA economy has been diversified fora long time. I'm not really sure what the problem is,other than...

among other industries yes. this one is a goer, they reckon they can deliver at $45/t I think it was https://au.news.yahoo.com/thewest/business/wa/a/25875695/rutila-heralds-state-govt-talks/ This is topical...

was there an expectation that new large projects would keep rolling out indefinitely? I never had that so I guess I am not surprised, in my view the mining boom is still rolling on as planned. the activity around Gero is a question mark tho, that one hasn't made it thru yet.

was going through old receipts last night for tax, it's amazing how much the retail price of petrol has dropped! combined with switching to a more fuel efficient car my fuel bill has been cut by about 60%

I don't understand PH but there is nothing one horse about Karratha

the mining boom is over thing is more of an eastern states property spruiker's throw away line "come, buy and hold in docklands, it's just like 2007 again". there's actually a lot still happening, perhaps not at the frenetic pace it was but it was probably too much anyway. A company I am...

values there are not related to 20 year cycles tho, they tend to roll from project to project. When the projects roll out one after the other you achieve super profits. You also benefit from underlying general growth as well e.g. from memory a house in karratha in 1990 was $40k when I was...

wonder why Dec 31 is so important? it's not like it will settle any time soon