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Sydney Construction Boom Nearly Here; Construction growth of 15% is forecast in NSW over next two years
Topic Started: 8 Aug 2011, 12:56 PM (51,179 Views)
Elastic
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Shadow
15 Mar 2012, 11:17 PM
I'm sure you would. You're welcome to either disprove it, or refuse to believe it. But I can assure you it is absolutely true.
Absolutely true or just a 80-90% chance?
Only a rat can win a rat race.

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wern
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Shadow
29 Mar 2012, 10:32 PM
And? What is the implication?
He is known to be very good at making profits from running a single construction business involved in high density buildings. I don't think that a single investment by a single company has much bearing on the outlook of the property market or the construction industry.
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Rastus2
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wern
30 Mar 2012, 01:31 PM
And? What is the implication?
He is known to be very good at making profits from running a single construction business involved in high density buildings. I don't think that a single investment by a single company has much bearing on the outlook of the property market or the construction industry.
indeed... 300 more is probably all they need in Sydney... population growth has slumped....

Wasn't population growth one of Shadow's major factors for the huge price boom about to happen in Sydney ?


http://www.smh.com.au/national/sydney-drags-the-chain-on-growth-20120330-1w3lr.html

Sydney drags the chain on growth

Matt Wade
March 31, 2012

Slumping ... it has been a decade of slow population growth in Sydney.

POPULATION growth in NSW has slumped to a five-year low, robbing the economy of momentum. The population rose by 1.1 per cent to 7.3 million last financial year but that rate of increase was below the national average and well down on the previous year.

Neighbourhoods along the Parramatta River in inner- and central-western Sydney had the fastest growing populations. But Melbourne continued to close the population gap on Sydney, thanks to the state's sluggish growth overall.

Sydney's population rose by almost 60,000 in the year to June, more than 15,000 less than 2009-10. Despite its smaller population, Melbourne added 7100 more people than Sydney in 2010-11. Melbourne's population is now within 500,000 of Sydney's and possible changes to the way the Bureau of Statistics calculates regional populations could close the gap even further. But the rate of population growth in Australia's two biggest cities lagged well behind Perth, which grew at nearly twice Sydney's rate.

High property prices, restrictive planning laws and lethargic economic growth have been blamed for a decade of relatively slow population growth in Sydney. A significant slowdown in the rate of overseas migration since 2008 is also a factor.

CommSec's chief economist, Craig James, said population growth was a key driver of growth. ''Population is power,'' he said. ''This is something that the NSW government is going to have to have a look at. If you don't have people coming into the state you are not going to get the revenue growth you need.''

The NSW Treasurer, Mike Baird, blamed years of feeble population growth on Labor's economic mismanagement. ''The government sees the importance of population growth for the state economy, which is part of the reason for the initiative on skilled migrants which we have announced,'' he said.

Read more: http://www.smh.com.au/national/sydney-drags-the-chain-on-growth-20120330-1w3lr.html
Edited by Rastus2, 31 Mar 2012, 04:25 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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wern
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Rastus2
31 Mar 2012, 04:09 PM
indeed... 300 more is probably all they need in Sydney... population growth has slumped....

Wasn't population growth one of Shadow's major factors for the huge price boom about to happen in Sydney ?
If only our population could be influenced by Mr Triguboff's developments...

I once shook his hand and told him he was an inspiration. One of his companions laughed at me :huh:
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Rastus2
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wern
1 Apr 2012, 06:10 AM
If only our population could be influenced by Mr Triguboff's developments...

I once shook his hand and told him he was an inspiration. One of his companions laughed at me :huh:
I would not call him an inspiration personally....



http://www.google.com/search?q=Triguboff%20sydney%20national%20park
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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wern
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Rastus2
1 Apr 2012, 07:58 AM
I would not call him an inspiration personally....



http://www.google.com/search?q=Triguboff%20sydney%20national%20park
He is an inspiration for those who value skills relevant to business and wealth growth.

Also, he is the epitome of someone who realised the capitalist dream by starting with nothing and ending up with billions.

He didn't become one of Australia's richest people by luck of birth, such as Andrew Forrest, Gina Rinehart, Clive Palmer, Mr Pratt. He made his wealth from the ground up. If you include only those who started with nothing and used sheer drive and smarts to get where they are he would be Australia's second richest man after Lowy.

And lastly he made his wealth from property (we are on a property forum here :wink: ).
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Shadow
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Evil Mouzealot Specufestor

Shadow
1 Mar 2012, 11:53 AM
And then fall 41% in February... http://designbuildsource.com.au/building-approvals-plummet
Edited by Shadow, 2 Apr 2012, 03:30 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Shadow
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Evil Mouzealot Specufestor

Planning blueprint would produce 90,000 homes - quickly

Quote:
 
VAST tracts of housing estates could be built in Sydney outside areas now planned for population growth after the Planning Minister, Brad Hazzard, supported a blueprint to accelerate housing development.

Sydney's historically low home-building rates have led to a chronic undersupply of housing in the city and contributed to some of the highest property prices and rents in the world.

Analysis by the Urban Development Institute of Australia has sought to identify land where 90,000 homes could be built quickly, mainly in areas not now designated for housing.

Much of the land identified in the report, Building Blocks, written by the development group Cardno, an institute member, lies entirely outside the north-west and south-west growth centres earmarked by the previous Labor government for new housing. The new housing sites include a tract to the west of Campbelltown.

Some sites are inside these two growth centres but in areas that will not be developed for many years.

Mr Hazzard said the report was worth "10 out of 10" for stimulating debate. He agreed with the institute's argument that there had been a failure in meeting Sydney's housing requirements and a new strategy was needed. "There's no doubt putting lines on maps and calling them growth centres … has to some degree been a flop," he said.

"It failed to take into account local issues like lack of infrastructure, fragmented ownership of land and some lots having an almost nil likelihood of being converted from agricultural to residential land and a general failure to really recognise the local needs of developers." The institute has briefed Mr Hazzard and several other ministers including the Premier, Barry O'Farrell, on its research to persuade them to partly fund $900 million of infrastructure in three areas where the 90,000 extra dwellings could built over five years.

http://smh.domain.com.au/real-estate-news/planning-blueprint-would-produce-90000-homes--quickly-20120429-1xt3x.html
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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TED BULLPIT
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As far as I am aware construction decreased by over 9% in February.
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NotFooled
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The Bear Whisperer

TED BULLPIT
2 May 2012, 10:07 AM
As far as I am aware...
It must be hard to be aware with your head up your butt :lol
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