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Karratha is a bit better insulated due to more Oil and Gas activity.
Royalties are state based, so they should have been spent by the state government on useful things for the WA public. Corporate tax (and to some extent GST revenue) would have gone to Canberra.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:
https://au.news.yahoo.com/thewest/business/a/25885176/wa-looks-to-beyond-the-boom/
Am not sure what original WA residents got for all the "boom" flash in the pan besides expensive coffees and bad service. most of the wealth went into building highways etc on the east coast
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.
Bus AusP, seriously, we are going around in circles here, how can Karratha always be a good market to invest in if it is a declining market? Am I missing something??
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 all the kiwis etc that are on FIFO may just stay at home now. The Perth property market has been stuffed for 8 years now and is only just starting to see some growth. Tho I did do well out of karratha but that will always be a great market to operate IMO
Perth property stopped being stuffed 2 or so years ago, apart from a few niche areas. If anything now it's
Running out of steam
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
It isn't just devvy sites, you keep on saying it's only sta
ting to grow now, it's just not true from a general pov
again I disagree but we won't be able to change each others mind
Is there any property market that never experiences a declining market at some point?
Opinion is irrelevant when stats and sales records are available, along with other things like time on market and average discounting
Is there any property market that never experiences a declining market at some point?
serviced apartments!!!
never goes down!!!!!!!!!!...........or up
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