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  1. Belbo

    Are credit conditions easing?

    Good on him indeed. A seriously distinguished operator of solid repute at such a level. But how he's finding such work is hard to fathom. I could be cynical and suggest it's pre-selling cosmetics, but the dollars are probably too big for that. More likely he's just damned good at his...
  2. Belbo

    Are credit conditions easing?

    Oops, sorry Toms. Tom32 (Why 32 anyway? Pants size, shoe size, inside leg size? :eek:), stay away from construction company shares! TomW though, thanks bringing up 'the advantages' issue. [Talking about John Holland, I had a subbie's interview at one of their offices today about a project...
  3. Belbo

    Are credit conditions easing?

    But only with phenomenally increased risk of your builder going broke mid-project! It's happening all over town, if you really didn't know. Indeed, It's basically reached the stage where suppliers won't supply on credit anymore; tradies are demanding immediate payments to complete or...
  4. Belbo

    Are credit conditions easing?

    That's the supply side of the equation, but the demand side is also very bad. There just aren't many construction projects going forward. Architects, project managers, builders, trades suppliers, etc - everyone I'm talking to - they're all saying the same thing: There are simply no active...
  5. Belbo

    Are credit conditions easing?

    That sounds too much to hope for, but dear Lord make it so! The construction industry in Sydney as far as I can see has descended into a frenzy of price-cutting cannabilism, with far too many players chasing far too little work for anyone's good.
  6. Belbo

    Are credit conditions easing?

    Then he's in good company. (Gulp!)
  7. Belbo

    Are credit conditions easing?

    I read somewhere that they're getting something like 50%+ instead of 40% odd funding from local savers nowadays, so they're feeling less exposed and dropping their term deposit rates quickly accordingly. Seems a small change to me, but I guess I'm not Swiss enough in these things.
  8. Belbo

    Are credit conditions easing?

    I grew up in WA but live in NSW. Can I qualify as an expat???
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