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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 (51,167 Views)
Shadow
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Evil Mouzealot Specufestor

Yossarian
7 Apr 2013, 09:09 PM
The only thing "well underway" is your extended period of public embarrassment.

This inability to accept reslity makes you look dumber than you are and is unnecessary.

Man up, son, and cop it on the chin.

Australian housing market on a knife's edge, says industry spokesgroup
I don't see Sydney construction activity mentioned in that article (or any mention of Sydney at all). Relevance?

Quote:
 
This inability to accept reslity makes you look dumber than you are and is unnecessary.
This inability to spell makes you look as dumb as you are.

How's the old 'credit tightening' coming along... will it be making house prices crash soon?
Edited by Shadow, 7 Apr 2013, 09:17 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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Poontang
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Shadow
7 Apr 2013, 09:14 PM
I don't see Sydney construction activity mentioned in that article (or any mention of Sydney at all). Relevance?


This inability to spell makes you look as dumb as you are.

How's the old 'credit tightening' coming along... will it be making house prices crash soon?
I'd give the benefit of the doubt here and say more likely a typo than a spelling mistake..

S being next to A on the keyboard and possibly done on a phone for all we know...

This however...

Quote:
 
Catweasel a dick. Simple and sustainable too boring for a highly payed dba :lol


Is clearly containing a spelling mistake, not a typo... Coming from someone whom "preys on the stupidity of bears" I find a little ironic.
Edited by Poontang, 7 Apr 2013, 09:37 PM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Andrew Judd
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Shadow
7 Apr 2013, 09:14 PM
This inability to spell makes you look as dumb as you are.
Perhaps a larger bolder print size will help?

House building approvals seasonally adjusted for NSW were up by 8 per cent in February and were 28 per cent higher than a year ago, according to the Australian Bureau of Statistics.

"Such a surge in new home building does reflect the first sign that those incentives are starting to bite with first home buyers," said the senior economist at Australian Property Monitors, Andrew Wilson.

The Housing Industry Association agreed. “We have seen indicators of consumer sentiment improve over recent months and we may well be seeing an early sign that this is flowing through to activity on the ground," its economist, Geordan Murray, said.

Edited by Andrew Judd, 7 Apr 2013, 09:40 PM.
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earthsta
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Shadow
5 Apr 2013, 09:45 AM
More evidence that the Sydney construction boom is well underway.

The turnaround actually began late 2011 / early 2012, and this is becoming apparent in the annual figures, with February approvals now up 28% year-on-year...


I don't see Sydney construction activity mentioned in that article (or any mention of Sydney at all). Relevance?
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mango66
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Poontang
7 Apr 2013, 09:34 PM
I'd give the benefit of the doubt here and say more likely a typo than a spelling mistake..

S being next to A on the keyboard and possibly done on a phone for all we know...

This however...




Is clearly containing a spelling mistake, not a typo... Coming from someone whom "preys on the stupidity of bears" I find a little ironic.
That's gold. +1
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Andrew Judd
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earthsta
7 Apr 2013, 10:31 PM
I don't see Sydney construction activity mentioned in that article (or any mention of Sydney at all). Relevance?
There is a video embedded in that article right at the top of the article.

Andrew Wilson says the NSW new home building results particularly apply to Sydney
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frankrider
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What are a few apartment blocks? Nothing! Of course there will always be "some" construction going on, but a boom? Years have passed since your stupid call Shadow, and still no boom. Be a man and own up to your failure.

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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Shadow
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Evil Mouzealot Specufestor

frankrider
8 Apr 2013, 07:10 AM
What are a few apartment blocks? Nothing! Of course there will always be "some" construction going on, but a boom? Years have passed since your stupid call Shadow, and still no boom. Be a man and own up to your failure.
Good to know I'm still on your ignore list.

Yes, years have passed because I made the call way back in 2007. It was 2007 when I first predicted the Sydney construction boom would begin around 2011.

The data shows that it did begin around late 2011 / early 2012... so not a bad call considering I made it 4-5 years in advance... at worst I was a few months out.

House building approvals for NSW in February were 28% higher than a year ago, according to the ABS.

http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/8731.0February%202013

Posted Image
Edited by Shadow, 8 Apr 2013, 08:29 AM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
frankrider
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It never ceases to amaze us shadow, all the shit that flows out of your mouth , you're full of it.

http://australianpropertyforum.com/topic/9857432/1/


Construction sector slides for 34th straight month

April 8, 2013 - 10:14AM

Australia’s building sector has suffered a sharp deterioration in activity in March, hampered by project delays, fewer projects and tight credit conditions.

The Australian Industry Group-Housing Industry Association performance of construction index (PCI) tumbled 6.6 points to 39 points in March.

Not only was it the 34th straight month the index has remained below the key 50 level that indicates slowing construction work, but the March result all but wiped out some encouraging signs seen in February.

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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Shadow
Member Avatar
Evil Mouzealot Specufestor

frankrider
8 Apr 2013, 01:54 PM
It never ceases to amaze us shadow, all the shit that flows out of your mouth , you're full of it.

http://australianpropertyforum.com/topic/9857432/1/

Construction sector slides for 34th straight month
Already commented on that one. Do try to keep up.

No mention of Sydney in that article. The Sydney data is below...

Posted Image

Good work on the 'ignore'. :tu:
Edited by Shadow, 8 Apr 2013, 01:58 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.
Profile "REPLY WITH QUOTE" Go to top
 
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