Sounds like you need a broker Lynchy. Why not post a question in the property finance section, your bound to get a response.
Perth - Start of New Boom 2011 ?
- Thread starter Alex P Keaton
- Start date
Sounds like you need a broker Lynchy. Why not post a question in the property finance section, your bound to get a response.
From what I've heard REIWA say about the market recently it sounds like they're trying to talk the market down, when in reality it has already started to take off. Most properties around Kiara, Bassendean, Eden Hill, are selling within the week. Padbury, Beechboro, Ashfield, and Lockridge are selling quite quickly too.
Kiara's a great suburb, (and Morley) 
back at ya.
I've heard Bourke on 6PR (talking real estate) on Saturdays mornings a couple of times recently with Rob Druitt talking it down too.
back at ya.I've heard Bourke on 6PR (talking real estate) on Saturdays mornings a couple of times recently with Rob Druitt talking it down too.
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Though Perth might be the engine room of the economy, the booms are happenning elsewhere at the moment.
In any case, Perth has an abundance of Australia's biggest export commodity only: iron ore. But the second biggest commodity and third biggest are still east coast-based.
Coal is mainly in NSW and QLD basins, while education - the third biggest export commodity - is centred around Sydney and Melbourne. There's far too much hype about Perth in my opinion.
Ummm Did I hear someone say gas? How many $25B (Gorgon) or $12B (Pluto) coal projects are going up in the East coast at the moment. You see the important part is not the size of the export market, it's the growth in that market. We've got $300 billion worth of projects somewhere on a timeline from concept to construction, they're all going to need employees over time. A coal mine that just sits their and keeps digging (same as a iron ore mine) doesn't create growth in jobs or population or house prices.
Now did someone say Uranium? 35% of the worlds supply and fast breeder reactors and reprocessing increasingly looking like it will beat "clean coal" as a technology. And y'all thought this boom was impressive!
the question is how to get wealthy without just growing??
other exciting multi-billion $ projects are things such as the fertilizer whatver it is in Collie, the international telescope up north, uranium as mentioned... not forgetting old favourites such as agriculture, education, gold, ship building, salt etc. Iron just ticks away in the background. tho Oakajee is sort of a big deal as well
other exciting multi-billion $ projects are things such as the fertilizer whatver it is in Collie, the international telescope up north, uranium as mentioned... not forgetting old favourites such as agriculture, education, gold, ship building, salt etc. Iron just ticks away in the background. tho Oakajee is sort of a big deal as well
ok 4 people i know at work have bought ips in the last 6months
My brother and sister after reading the ip books i leant them bought their first ip a few months ago. I just found out from dad today that they leant the books to their best friends who are all gung ho about buying ip now.
I'm finding people are buying and the energy/motivation is spreading to others surrounding them. They see their friend or work colleague buying and they get interested too. They are telling their friends all about it and the friends are copying. Its a snowball effect. Then the friend will tell their friend and so on and so on. Before we know it it will be an epidemic haha
Things are happening guys!!
Get on the Perth bandwagon Perth is gonna start moving. I can feel it
My brother and sister after reading the ip books i leant them bought their first ip a few months ago. I just found out from dad today that they leant the books to their best friends who are all gung ho about buying ip now.
I'm finding people are buying and the energy/motivation is spreading to others surrounding them. They see their friend or work colleague buying and they get interested too. They are telling their friends all about it and the friends are copying. Its a snowball effect. Then the friend will tell their friend and so on and so on. Before we know it it will be an epidemic haha
Things are happening guys!!
Get on the Perth bandwagon
Perth is gonna start moving. I can feel it
can we revisit this thread?
Nope. sorry can not do. do not pass go. do not collect $200.
2011's boom is now officially cancelled.
review in 2012.
Heh heh... glad to hear I'm not the only one appalled at the lack of quality and service in Perths hospitality industry.
It will be interesting to see if confidence returns now that the mining tax hoo-ha is over and done with and the miners are happy again.
If only we all earned enough to be able to dictate our own tax contributions eh? I don't want to derail the thread into another mining tax debate, but seriously, it reminds me of little kids holding their breath until they get what they want.
If only we all earned enough to be able to dictate our own tax contributions eh? I don't want to derail the thread into another mining tax debate, but seriously, it reminds me of little kids holding their breath until they get what they want.
Mining boom's not going away, whether or not it will translate in to a property boom this time though, how about slow and steady growth instead?
http://www.watoday.com.au/business/miners-seeking-6200-workers-20100630-zmud.html?autostart=1
