But then again...hubby's just been poached for a major job later on in the year. Fixing now at a good rate is tempting.
So why are IR dropping??
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But then again...hubby's just been poached for a major job later on in the year. Fixing now at a good rate is tempting.
What does she want to do? Does she want to continue full-time or actually drop 3-4 days?
My son in construction hasjust been retrenched and hubby finding it very difficult to get his usual short term projects in civil works. He even flew up to Sydney but the HR coys he tried said they only had 1 in Bris and 6 in WA. Economy a lot worse than pollies seem to think. Just because they still get paid their enormous wages they think it is all ticking along - it aint!
Wait till the new year. All the tenders are coming out in the next few months.
There are no projects now, a lot are winding down but there is a gap, so a lot of workers are flooding the market atm.
In saying that, yes I agree, things are bad and getting worse, my mate is in complete denial because in his part of the woods, pay rises are the norm. Some people just live in a box.
Plenty of work coming up in NSW but wa is starting to hurt a fair bit
WA is in a world of hurt
Major Jobs/Projects being scrapped left right and centre
Hold on to your hats ladies and gentleman we are all in for a rough ride when WA hits the skids. Its going to get ugly
PS 12.5% GST will be implemented in first term of office with LIB government
Major Jobs/Projects being scrapped left right and centre
Hold on to your hats ladies and gentleman we are all in for a rough ride when WA hits the skids. Its going to get ugly
PS 12.5% GST will be implemented in first term of office with LIB government
examples? (other than Browse)
PS 12.5% GST will be implemented in first term of office with LIB government
Amazing. Who told you that?
Last I heard, there was going to be a tax review and the results taken to the NEXT election IF the Libs win in September.
But you never can trust these pollies (you know, promising they'd be no carbon tax and all that stuff
)Was speaking to people and they said they are flat out in their area of work (engineering design) doing design for worker's accommodation camps for future projects all over the NW.
There's the truth and then there's the truth.
I guess it depends who you listen to.
what wil be, will be.
now, stop wasting time crystal ball gazing and pay your LVRs down to 30% and get ready for the ASX to hit 2200 and for IRs to go to 8%.
now, stop wasting time crystal ball gazing and pay your LVRs down to 30% and get ready for the ASX to hit 2200 and for IRs to go to 8%.
I did mention some of this sort of thing before:
http://finance.ninemsn.com.au/newsbusiness/aap/8660268/worleyparsons-cuts-profit-guidance
Not to mention the vast majority of mining contractors right now. UGL, Boart Longyear, the SKMs and GHDs, etc etc etc. It has been in the news a bit.
Of course this is just because new projects have been canned or pushed to the right several years. Examples include:
OPR
Crosslands Jack Hills
Extension Hill
Southdown
Outer Harbour and associated mining expansions by BHPBIO
API West Pilbara
Anketell Port
Rio further expansion projects
North Star
Browse
And that's just off the top of my head sitting here in front of the keyboard.
Of course this is offset by the very large investments already locked in (Gorgon, Wheatstone, Citic Pacific, Rio projects, etc) which will tide us over for awhile yet. But what was a pipeline of new investment that looked like bursting under the pressure now looks like a trickle...
http://finance.ninemsn.com.au/newsbusiness/aap/8660268/worleyparsons-cuts-profit-guidance
Not to mention the vast majority of mining contractors right now. UGL, Boart Longyear, the SKMs and GHDs, etc etc etc. It has been in the news a bit.
Of course this is just because new projects have been canned or pushed to the right several years. Examples include:
OPR
Crosslands Jack Hills
Extension Hill
Southdown
Outer Harbour and associated mining expansions by BHPBIO
API West Pilbara
Anketell Port
Rio further expansion projects
North Star
Browse
And that's just off the top of my head sitting here in front of the keyboard.
Of course this is offset by the very large investments already locked in (Gorgon, Wheatstone, Citic Pacific, Rio projects, etc) which will tide us over for awhile yet. But what was a pipeline of new investment that looked like bursting under the pressure now looks like a trickle...
just because a dream list of projects doesn't happen doesn't mean there is a bust. Browse has been kicking around since cocky was an egg... it's the olympic dam of WA. Next we'll be citing the kimberley pipeline as a reason for d&g
I agree Ausprop - there is still enough work on around the traps. It's just not the full on boom town it was - things have slowed to a more realistic pace, which is a good thing because some of the decisions being made under those pressure cooker conditions left a lot to be desired.
Many of the projects on that list (forgot about Roy Hill) only have themselves to blame for their current predicament - there just aren't that many people around who truly know how to develop these mega projects at a reasonable cost. They were all focused on schedule rather than cost and now the cost has come back to bite them on the bum in a big way.
I'm with Ernie for the pipeline, the canal proposal not so much
either concept is visionary - narrow minded socialists sunk it. The same idiots that use to whinge no end about the bell tower... which strangely has become one of the few features of Perth, even tho it was shrunk to appease the whingers
