UK property is worth slightly more than its 2007 peak and the exchange rate is moving in your favour.
But (big but), if you had made the move in 2007 (as I did), you would have sold at the UK peak, bought in below the Perth peak and got a near peak exchange rate ($2.50).
You would have also walked into a strange environment where you interviewed your prospective employers to see which one you liked the best and would pay you the most.
I had three jobs in the first six months because I kept being poached for more money. I am not saying that I am that great. It's just that there were far more positions to be filled in engineering than there were applicants to fill them.
Two years ago, many of the EPC's had green as grass graduates running some of their biggest projects. At KOM's, we weren't sure whether to serve coffee and biscuits or warm milk and rusks.
By moving to WA in 2007, I got to take part in the biggest boom in the states history. I also missed out on the UK recession.
Your dream Aussie property may have dropped in price against the Pound, but I am afraid that you may have missed out on the free money party that has been the Perth of the last ten years.
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.
I shall 100 pc guarantee there shall be no crash if IRs do not leap.. infact if IRs fall we shall get a "mother of all booms" !
Good call. Sydney and Melbourne already booming. Brisbane starting to take off, and then it will be time for Perth and Adelaide. Spot on about 'no crash' too. Well played BearTrap.
After rates started falling, prices increased as follows according to RP Data since 2012...
Sydney 51% Melbourne 33% Brisbane 14% Perth 13% Adelaide 10%
UK property is worth slightly more than its 2007 peak and the exchange rate is moving in your favour.
But (big but), if you had made the move in 2007 (as I did), you would have sold at the UK peak, bought in below the Perth peak and got a near peak exchange rate ($2.50).
You would have also walked into a strange environment where you interviewed your prospective employers to see which one you liked the best and would pay you the most.
I had three jobs in the first six months because I kept being poached for more money. I am not saying that I am that great. It's just that there were far more positions to be filled in engineering than there were applicants to fill them.
Two years ago, many of the EPC's had green as grass graduates running some of their biggest projects. At KOM's, we weren't sure whether to serve coffee and biscuits or warm milk and rusks.
By moving to WA in 2007, I got to take part in the biggest boom in the states history. I also missed out on the UK recession.
Your dream Aussie property may have dropped in price against the Pound, but I am afraid that you may have missed out on the free money party that has been the Perth of the last ten years.
No, should have moved in 2002/2003. Big mistake financially. But I'd be married to someone else now. Such is life.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
UK property is worth slightly more than its 2007 peak and the exchange rate is moving in your favour.
But (big but), if you had made the move in 2007 (as I did), you would have sold at the UK peak, bought in below the Perth peak and got a near peak exchange rate ($2.50).
You would have also walked into a strange environment where you interviewed your prospective employers to see which one you liked the best and would pay you the most.
I had three jobs in the first six months because I kept being poached for more money. I am not saying that I am that great. It's just that there were far more positions to be filled in engineering than there were applicants to fill them.
Two years ago, many of the EPC's had green as grass graduates running some of their biggest projects. At KOM's, we weren't sure whether to serve coffee and biscuits or warm milk and rusks.
By moving to WA in 2007, I got to take part in the biggest boom in the states history. I also missed out on the UK recession.
Your dream Aussie property may have dropped in price against the Pound, but I am afraid that you may have missed out on the free money party that has been the Perth of the last ten years.
You are saying this so perfectly, Foxbat will be proud when he hears.
Post mining boom is here.
So well put, your quote should be in economic text books for all to read, a classic explanation of what happens when an economy catches Dutch disease then the price of the commodities goes below the cost of production.
In the vernacular (simple Australian) put your head between your legs and kiss your arse goodbye, because your fucked.
Peter
Shadow
5 Sep 2015, 11:44 AM
Good call. Sydney and Melbourne already booming. Brisbane starting to take off, and then it will be time for Perth and Adelaide. Spot on about 'no crash' too. Well played BearTrap.
After rates started falling, prices increased as follows according to RP Data since 2012...
Sydney 51% Melbourne 33% Brisbane 14% Perth 13% Adelaide 10%
Well ok but what about since 2006/ 2007??
And PLEASE adjust for inflation as some people can not understand real terms.
I am sure you understand the difference even though you keep stating nominal.
Good call. Sydney and Melbourne already booming. Brisbane starting to take off, and then it will be time for Perth and Adelaide. Spot on about 'no crash' too. Well played BearTrap.
After rates started falling, prices increased as follows according to RP Data since 2012...
Sydney 51% Melbourne 33% Brisbane 14% Perth 13% Adelaide 10%
His prediction was feb 2011, rates fell in 2011..
It has taken 4.5 years for prices to rise in most of australia..
Anyone who bought immediatly after his prediction could have postpones for years and been ahead... even then, sydney and melbourne were the select winners.
I did give him the chance to elaborate on his prediction so he could have limited it to sydney and melbourne ... he did not.
It took a long time for this boom of his to start and many areas missed out for years.... even after the rates dropped 2011 there was hardly a boom for ages...
You conviently cherry pick a date when the market had slumped to claim a rise... this was well after he had made his prediction and hardly valid...
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