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Construction Activity Down; Big Unsustainable Rise in Residential Not Even Close to Matching the Fall in Mining
Topic Started: 27 Aug 2014, 03:23 PM (828 Views)
Perthite
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Fail!

http://www.watoday.com.au/business/the-economy/value-of-construction-activity-contracts-in-quarter-20140827-108xoi.html
Edited by Perthite, 27 Aug 2014, 03:24 PM.
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Josh
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Perthite
27 Aug 2014, 03:23 PM
Didn't you hold off buying in 2012. Always just around the corner isn't it.
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Perthite
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Josh
27 Aug 2014, 03:42 PM
Didn't you hold off buying in 2012. Always just around the corner isn't it.
Nope...

Another Fail for you.

Like your precious rebalancing.
Edited by Perthite, 27 Aug 2014, 03:54 PM.
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Perthite
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Any bulls want tell us where growth is going to come from?
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Drgonzo
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I've been saying this for a long time - the so called rebalancing to "housing led growth" is a nonsense. You need to build a shit load of houses to come close to even a small engineering mega project - and furthermore, people in Australia have been conditioned to have a preference for buying established dwellings over buying new - it was never going to happen and it will never happen, which is why the government is pumping billions into big ticket infrastructure projects on the eastern seaboard.
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skamy
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Perthite
27 Aug 2014, 11:11 PM
Any bulls want tell us where growth is going to come from?
Read your own article Perthite
Quote:
 

This fall-off in the value of engineering works was partly offset by completed residential building, which at $13.4 billion was up 3.6 per cent compared with the March quarter and nearly 10 per cent over the year. Seasonally-adjusted, the increase was 2.2 per cent and 9.6 per cent.

Read more: http://www.smh.com.au/business/the-economy/value-of-construction-activity-contracts-in-quarter-20140827-108xoi.html#ixzz3BgU7DtGc


Other increases in construction kept the losses to 1.1 per cent quarter-on-quarter and 1.5 per cent over the year, as engineering fell by 3.1 % quarter-on-quarter (6.5% per cent over the year)

This is a good news story showing the overall economy picking up most of the slack from the fall of in mining construction.

You may as well give up on any hope of a deteriorating property market this year, with these kind of numbers it ain't gonna happen
Edited by skamy, 28 Aug 2014, 10:20 PM.
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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Perthite
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skamy
28 Aug 2014, 10:18 PM
Read your own article Perthite



Other increases in construction kept the losses to 1.1 per cent quarter-on-quarter and 1.5 per cent over the year, as engineering fell by 3.1 % quarter-on-quarter (6.5% per cent over the year)

This is a good news story showing the overall economy picking up most of the slack from the fall of in mining construction.

You may as well give up on any hope of a deteriorating property market this year, with these kind of numbers it ain't gonna happen
Approvals and new home sales suggest both segments are about to head the same direction.

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