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  1. HotRod

    Perth - madness.

    The author probably meant median. It never surprises me, the numer of people that think that the median house price is the same as the average. Anyway, with a 7% growth for the September quarter no wonder REIWA are talking up the market, oh the pain. :p
  2. HotRod

    Perth - madness.

    That's very interesting. In those 31 years only 4 years of -ve growth (just love that term) in 79, 84, 90 & 91 so we are well overdue for a dose of it again with 15 years since a decline in prices. Even if the market does "burst" by say 10% the resulting prices will be still above the 2005...
  3. HotRod

    Perth - madness.

    Even though there are 30+ year contracts in place this is will be for the delivery of iron ore/natural gass and not the construction of plant. The boom will continue whilst there are large workforces expanding mines/gas trains/ports etc to meet the required demand. After this the workforce...
  4. HotRod

    Perth - madness.

    The market is the market just people selling little pieces of the company and it is driven by sentiment generally. Go to the north west and see how much money is invested and what is being built and planned. For BHP/RIO/Woodside to invest this amount of money they have these long term...
  5. HotRod

    Perth - madness.

    The commodity prices might have taken a hit lately, but BHP/RIO/CVRD(sp?) have locked in iron ore price rises of 19% on top of the huge rise last year. Woodide have signed a 30 year deal to deliver LNG to China. What does the NW of Australia supply to the rest of the world? Whilst there...
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