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Australia's coming jobs boom; A boom in in a sector which is one of our largest employers is going to create a lot of jobs.
Topic Started: 5 Aug 2014, 09:54 AM (8,991 Views)
Lef-tee
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Sorry skamy, but I'm putting you on ignore.

Not because you've upset me.

Just because you are irrelevant.


Yes, facts are not skamy's strong point are they? She's here to win certain arguments, whether they are valid or not. She's not interested in ascertaining whether or not a thing is true.

Best just ignore her.
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peter fraser
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John Frum
6 Aug 2014, 10:16 AM
You're massively misunderstanding economies of scale and the global market in general if you think we will just all become butchers and bakers and candlestickmakers when we rebalance. We need to keep both the exports and the high currency in place to maintain our position. Mass produced Furniture or Cars for a local market just won't cut it.

The trick is to add value to the natural resources we have in abundance, rather than just shipping it out and being at the whim of another country's infrastructure needs. Refer to Germany pre-euro as a case in point.
No John I'm not underestimating anything. I recall the business opportunities available pre-mining boom and pre-high dollar and I remember what happened in 2008 when our dollar fell to $0.60 USD.

I suspect many people here underestimate how quickly some people sense opportunity and how those entrepreneurs affect the overall economy.
Any expressed market opinion is my own and is not to be taken as financial advice
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Elastic
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I tend to think that if we see a sustained fall in the $Aus then the resulting inflation and particularly the price of petrol would likely send us into recession.
Only a rat can win a rat race.

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Massive
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but will the AUD really sink much in near future?

anyone willing to have a crack at where AUD will be in 6 months...
i really cant figure out if i should be buying more now or end of year... ( so im just dollar averaging each month )

http://www.theaustralian.com.au/business/markets/greenback-strength-takes-toll-on-australian-dollar/story-e6frg916-1227014977616
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SittingOnDeFence
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skamy
6 Aug 2014, 12:48 PM
Actually sitting-on-the fence The advice to buy a home and get of the rental money drain ASAP is as good today as ever. I would be lying if I said otherwise. There have been many many times in my life when I though property prices were too high and unsustainable, but the property market did not care about that.

The property market does not care whether Sydney gets more like London with only the extremely rich able to buy in the good locations and the rest of the population commuting in from villages miles outside of London.

There are two main reason worldwide that are predictors of price rises, growing population and growing wealth. Most of Australia has experienced both these things.

The fact that the banks profit out of that is just the way our monetary system works, I don't see it changing do you?

That eejit "don't buy now" guy has been hoping that if young people stay out of the market that bankers will suffer. He has been spruiking this nonsense for years. He is just a guilty, if not more so, of politicizing the family home. He and his ilk caused a backlog of building and buying and now those young people who he abused as his political fodder are facing a nightmare trying to buy a home for themselves as prices play catch up.

Older people like myself wish for a stable market not booming nor busting and we care about our children's future.

If you prefer to believe the cheap house fantasy or the "prices will never rise again" fairytale that is your call. However, I am just telling you guys I have heard this nonsense over and over as unscrupulous people sell Armageddon to the young.
Good stuff cheers - did you find those graphs that show Perth prices dropping?
Massive
6 Aug 2014, 02:28 PM
there is no need to pick bottoms or tops... but there is no reason to get in ASAP.... actually i can find more reasons to wait than to buy right now ...

im honestly of the opinion the only young people being scammed right now are the ones who are being encouraged to leverage up for their PPOR right now, or to get their first IP. The Perth economy is right at the turning point of declining wages due to the cessation of mining investment, reduced migration and will see less pressure from the high salaried FIFO influence on the local market that was a major cause of the surge in the first place.
Here's a question - are there many cranes on the Perth skyline?
Edited by SittingOnDeFence, 6 Aug 2014, 09:18 PM.
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skamy
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SittingOnDeFence
6 Aug 2014, 09:10 PM
Good stuff cheers - did you find those graphs that show Perth prices dropping?

Here's a question - are there many cranes on the Perth skyline?
I showed the reiwa ones and the abs stats are easy to find http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6416.0Mar%202014?OpenDocument

Perthite
6 Aug 2014, 02:42 PM
Incorrect again. Ausdrill has premises based in Canningvale. WA.

It was always going to be touch and go if they survived. Especially after Boart Longyear moved their drill manufacturing to Poland.

Shares have been dumped.

http://www.watoday.com.au/business/mining-and-resources/ausdrill-hit-by-writedown-of-up-to-90-million-20140806-100waz.html

What part of 'severe downturn' can't you understand?

They are bleeding cash.
They have headquarters in Melbourne not Perth, but they do lots of work in the Hunter valley
Quote:
 
While the parent company goes into administration, the majority of its subsidiaries, including hire firm ResCo, will be liquidated. ResCo is a major provider of mining services in the NSW Hunter Valley region.


Apparently they had a big tax bill. Most of the workers are on contract and should be ok according to the liquidators.
Quote:
 
Liquidator Craig Shepard says every step is being taken to find new jobs for the 3500 contract workers and 180 full-time staff who have been retrenched from Bluestone and its subsidiaries.

“Because of the nature of their on-hire employment contracts, the Bluestone workforce should find it easier to be re-engaged to do the same work,” he said.


So hopefully Melbourne will not tank.



Edited by skamy, 7 Aug 2014, 01:45 AM.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Massive
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SittingOnDeFence
6 Aug 2014, 09:10 PM
Good stuff cheers - did you find those graphs that show Perth prices dropping?

Here's a question - are there many cranes on the Perth skyline?
i couldnt tell you - as im not currently in Perth. What i do remember vividly as an aspiring Architect to be as by the time the cranes were being pulled of Central Parker tower in 1992, the bust was well and truly in swing.. Remember my old man said that cranes were the harbringers of a recession on Perth economy and a symbol of money that would have been better spent on new jobs .. i didn't/don't necessarily agree, but it is quite a typical trend for the city..

from wiki
http://en.wikipedia.org/wiki/Central_Park_(skyscraper)
Quote:
 
Since its completion, Central Park has been regarded as one of Perth's leading premium office towers.[9] However, in the years following its opening Central Park faced a sluggish office rental market and experienced high vacancy rates for several years.[15]

As for another tower to add to Perth's skyline, Mr Ryan said he believed it would take at least seven years to rebuild investor confidence, which was rattled by the high vacancy rates that followed the construction of QV1 and Central Park.
Edited by Massive, 7 Aug 2014, 02:45 AM.
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newjez
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Massive
7 Aug 2014, 02:42 AM
i couldnt tell you - as im not currently in Perth. What i do remember vividly as an aspiring Architect to be as by the time the cranes were being pulled of Central Parker tower in 1992, the bust was well and truly in swing.. Remember my old man said that cranes were the harbringers of a recession on Perth economy and a symbol of money that would have been better spent on new jobs .. i didn't/don't necessarily agree, but it is quite a typical trend for the city..

from wiki
http://en.wikipedia.org/wiki/Central_Park_(skyscraper)
Just off topic massive, did you study in Perth? Two of my sons have expressed an interest in architecture. I think there is a school in Brighton. Just wondered what Perth was like?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Lef-tee
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peter fraser
6 Aug 2014, 08:25 PM
No John I'm not underestimating anything. I recall the business opportunities available pre-mining boom and pre-high dollar and I remember what happened in 2008 when our dollar fell to $0.60 USD.

I suspect many people here underestimate how quickly some people sense opportunity and how those entrepreneurs affect the overall economy.
I guess it would depend what role government chooses to play in such an event.

Last time the dollar fell that precipitously, it was accompanied by huge government intervention - both fiscal and monetary stimulus. Every industry received injections of government money and/or spending derived from cheap credit, either directly or indirectly or both. Government proved that it was capable of creating a great wave of opportunity for said entrepreneurs as domestic retail sales boomed in response to the stimulus.

Had the government and the RBA done nothing.....would the fall in the dollar have staved off a nasty recession?
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nelson
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Lef-tee
6 Aug 2014, 08:08 PM


Yes, facts are not skamy's strong point are they? She's here to win certain arguments, whether they are valid or not. She's not interested in ascertaining whether or not a thing is true.

Best just ignore her.
The sad fact is, skamy has all the facts and evidence in front of him, yet still wishes to push others down the path to ruins, why oh why oh why.

Just trying to sell another ticket to this titanic voyage skamy ? Though so....

Just look at the thread title. A more realistic one would of been " Australias jobs collapse has already begun". This is what is happening not the fantasy he tries to portray.

Good luck mate, you will sure be needing it.

You keep telling us property is for the long hall. Why did you recently leverage up on two properties there and then tell last week you had sold one. Was it not a sure bet, all that capital gains and rent increases coming your way.

So why did you sell if the market is so good and property is for the long hall ?
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