This time last year, Perth rental vacancies stood at 3918 properties. Now we have 5896 residential lettings available (up 50%).
Sales stock on market was 9200 last year and is now 10,231 up 11.21%.
RP data shows a flat to declining market with qtr on qtr price growth down 0.25% and a yearly growth of only 3.58% (most of which was realised in the first half of the financial year).
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.
The great thing about Mike is that that he walks headlong into tripping himself over.
I love Mike though. For all his spelling mistakes, contradictory statements and his half arsed personal blog and fantasy construction empire.
To think that I pay a premium to Foxtel for comedy when Mike just gives it out for free.
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.
We have all pretty much busted him lying repeatedly and as a result he's lost credibility.
There are a handful others left who need to be publicly busted right in the ass here for the shysters they are.
You can see their agenda in the threads they start.
"Perth Construction Boom" and "Why there will be no crash in Perth". . Their problem seems to be that they lay out the course of the thread and then set themselves traps into which they spectacularly fall.
It reminds me of Dumb and Dumber
A great laugh but you wouldn't want to be them.
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.
Jim, I lived and worked three years in Perth on the Worsley refinery expansion with bechtel/ Worleys...........back in 2006-2009 before the GFC ravaged Perth and had to go overseas for work as a result.
Now there was a 1000+ project team on that job.........made a lot of friends and acquaintances.
Most of those dudes on that job are now unemployed. I see it everyday on linkedin, on whats become of who.
Jim, I lived and worked three years in Perth on the Worsley refinery expansion with bechtel/ Worleys...........back in 2006-2009 before the GFC ravaged Perth and had to go overseas for work as a result.
Now there was a 1000+ project team on that job.........made a lot of friends and acquaintances.
Most of those dudes on that job are now unemployed. I see it everyday on linkedin, on whats become of who.
Trust me, it ain't pretty.
I spent three months on Worsley during the expansion phase in early 2007.
It is a highly viable site going forward but like any project, it doesn't need as many people to milk it as it did to catch the cow and hold it down.
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.
yeah, that project eventually went pear shaped on costs, but everything got built. That $300 million FLSmidth Calciner-6 is my baby!
But anyway, the point I was making was a lot of people moved on, but now find themselves unemployed.
This was just Alumina mate......lets not even go toward the job destruction waged in the various Iron ore or Gorgon/ Pluto/ Wheatstone engineering, design and construction. We are talking about office based high paid work. Not FIFO site grunt shit.
Although now, even FIFO is severely affected.
Perth is even worse off than Brisi.
Only a matter of time now when housing starts seriously tumbling down. Fukk all jobs to speak off for more than 2 years and on going.
Perth jobs market is a joke mate. Full blown recession.
yeah, that project eventually went pear shaped on costs, but everything got built. That $300 million FLSmidth Calciner-6 is my baby!
I probably know you. Calciners are kind of in my area (Ti West/Tronox, Christal Global, etc..) The fact is though that we all know that the big money investment and jobs have gone.
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.
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