I wonder how timmy's share purchases in bhp are doing?
It was a good attempt, Timmy trying to come across as legit that is.
He said he was going 2 holding it med term ??.
BHP'S revenue hasn't changed 4 a while, in fact the last 3 years despite the massive rise in ore prices during that time.
EBIT basically hasnt moved since 2007.......NPAT is actually less than 2007 & stagnated as well.
Expenses have doubled since 2007.
The only shining light is ROE is being saved by share capital staying steady and property palnt equipment approx doubling since the GFC. Investment grade i think not.
Lets get back on topic, what does the future hold for Perth, Western Australia and further more Australia with the coal, iron ore and gas prices making new lows??
What will it mean to the home owners??
Home investors?
Prices up??
Prices down??
Rents in Karratha are down by 50%.
Perth is linked directly to this market.
Rents are down in Perth.
Lots of empty properties.
If rental income is the fuel for "investment" properties then could the engine stall??
Peter
Any predictions on when and by how much the market may fall.
I am saying 50% in real terms over 5 years.
Big call but I'm a big boy, and not afraid of being right.
The only thing that could save the market from this is net migration to Western Australia.
Lets get back on topic, what does the future hold for Perth, Western Australia and further more Australia with the coal, iron ore and gas prices making new lows??
What will it mean to the home owners??
Home investors?
Prices up??
Prices down??
Rents in Karratha are down by 50%.
Perth is linked directly to this market.
Rents are down in Perth.
Lots of empty properties.
If rental income is the fuel for "investment" properties then could the engine stall??
Peter
Any predictions on when and by how much the market may fall.
I am saying 50% in real terms over 5 years.
Big call but I'm a big boy, and not afraid of being right.
The only thing that could save the market from this is net migration to Western Australia.
Seriously? Prices haven't moved much since 2007. They are slightly below inflation. So I guess that means they are still slightly inflated. I can see them dropping slightly, maybe 5-10%. But there will be very little growth over the next five years. But I would see a 50% correction as unlikely. What would you need to make people that desperate to sell their homes? I see a dead market with the odd low depressed sale going to cash buyers.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Seriously? Prices haven't moved much since 2007. They are slightly below inflation. So I guess that means they are still slightly inflated. I can see them dropping slightly, maybe 5-10%. But there will be very little growth over the next five years. But I would see a 50% correction as unlikely. What would you need to make people that desperate to sell their homes? I see a dead market with the odd low depressed sale going to cash buyers.
I remeber Timmy frothing at the mouth when I predicted that our minerals would be raped from under us for nix $, and contrasted us to the Emirates who knew their redources were running out so invested in diversifying their future.
We just spent it on expensive houses!
And now it has come to pass. Our largest mining outfits are aiming for the bottom dollar.
Who could have guessed?
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
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