It also gets tiring pointing out that exports have grown and so has residential construction. Long term well paid permanent mining jobs have also increased.
Which has what exactly to do with the point I made other than to try and bury it beneath a pointless spiel?
Anyway, don't tell fibs - you never get tired of this sort of thing
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
It is because we are in the tail end of a mining construction boom that is due to taper down dramatically in the coming years.
We are also building a lot of houses for people who committed to buying 9 months or a year ago. Again, this mini construction boom will taper off.
So what happens when our wages fall to the levels of Brissy and Adelaide?
You can harp on all you like about new offices and stadiums and so on, but Perth isn't that old. Every big tower in the city was built in the last 40 years. Building office blocks doesn't inject anything like the capital into the state that a mining capex boom does.
I don' trust REIWA numbers. In Warnbro, rental vacancies are up 17.5% (just checked again) 20.25% in just eight weeks. That excludes the eight properties that were rented out and are now listed for sale.
If true then why did Capex data increase.
Booms or busts don't tend to fall a little then rise again.
Why is Capex data rising, why is unemployment one of the leading states in the nation despite a large fall off in mining investment, so many job losses reported over the past 18 months from closing businesses? Yet employment remains strong.
Perhaps misread the future you have, padawan. Over confident you are, this leads to the bear side.
Booms or busts don't tend to fall a little then rise again.
Why is Capex data rising, why is unemployment one of the leading states in the nation despite a large fall off in mining investment, so many job losses reported over the past 18 months from closing businesses? Yet employment remains strong.
Perhaps misread the future you have, padawan. Over confident you are, this leads to the bear side.
It went up a bit for June 2014 but is down on June 2013 which itself was down on June 2012.
It is also down on Sept and Dec 2013.
It is up over the last quarter but June is always up on March (apart from 1990, 1993 and 1999).
The average March to June increase since 2001 is 17% with the last three years showing 20% + increases. The increase this year is a sub par 14%. That is the lowest increase since June 2005 at 9.5% and the next lowest was June 2010 at 14.28%.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
It went up a bit for June 2014 but is down on June 2013 which itself was down on June 2012.
It is also down on Sept and Dec 2013.
It is up over the last quarter but June is always up on March (apart from 1990, 1993 and 1999).
The average March to June increase since 2001 is 17% with the last three years showing 20% + increases. The increase this year is a sub par 14%. That is the lowest increase since June 2005 at 9.5% and the next lowest was June 2010 at 14.28%.
So is Capex going up Mike?
I don't pay much attention to capex. Is it weather related?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
It went up a bit for June 2014 but is down on June 2013 which itself was down on June 2012.
It is also down on Sept and Dec 2013.
It is up over the last quarter but June is always up on March (apart from 1990, 1993 and 1999).
The average March to June increase since 2001 is 17% with the last three years showing 20% + increases. The increase this year is a sub par 14%. That is the lowest increase since June 2005 at 9.5% and the next lowest was June 2010 at 14.28%.
So is Capex going up Mike?
I did not say it was going up, I said why did it increase two very different questions?
As you state with you're own data Capex has now been falling for almost 3 years. Many businesses have lost jobs, mining/construction laying off jobs by the thousands.
Yet the WA unemployment rate remains the envy of most of the nation if not the world. Why?
How can so many FHB be building new houses if everything is collapsing, you yourself talked this up?
We have a huge construction boom at present from upgraders building new homes, why?
What is going on, Capext (mining investment) as you stated has now been falling for at least 2 years. Yet during this time House prices up 15.7% since 2012, why?
At the peak of the Capex boom in 2010/11 why did Perth House prices fall when the entire economy was in a massive boom. Why did house prices fall?
Can you answer any of those questions. You seem to have all answers, let see if you can get these right.
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