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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 (51,166 Views)
earthsta
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Shadow
8 Apr 2013, 01:57 PM
Already commented on that one. Do try to keep up.

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


No.

That's the NSW data

Do you have the Sydney data?
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Shadow
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Evil Mouzealot Specufestor

earthsta
8 Apr 2013, 05:41 PM
That's the NSW data

Do you have the Sydney data?
Sydney is actually the capital of NSW - most of the NSW construction is driven by Sydney (that's where most people live, check the link)
Edited by Shadow, 8 Apr 2013, 06:11 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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earthsta
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Shadow
8 Apr 2013, 06:11 PM
Sydney is actually the capital of NSW - most of the NSW construction is driven by Sydney (that's where most people live, check the link)
So that would be a no then.

No more questions, your honour
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frankrider
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shadow PWNED again
Case dismissed!

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

Boom!

Quote:
 
http://smh.domain.com.au/real-estate-news/home-construction-set-to-climb-20130412-2hp58.html

The construction of new houses and apartments in NSW this year will climb to its highest level in almost a decade, as a result of low interest rates, rising property prices and a number of state government reforms, a leading industry analyst predicts.

The total number of housing starts is forecast to pass 35,000 for the first time since 2005, and should keep rising for at least the next two years, the Housing Industry Association's chief economist Harley Dale told a business breakfast on Friday.

But even at these levels, he said the shortfall in new dwellings was still as much as 10,000 a year below what was needed.

"The taxation on new housing, particularly in Sydney, is far higher than it is anywhere else in the country," Mr Hale said.

"Forty four cents in every dollar of what a final homebuyer pays for a house and land package in Sydney goes back in local, state and federal government taxes and charges."

Most of the recent building activity has come from a boost in apartment projects, with approvals shooting up 220 per cent in a year.

But approvals for houses and semi-detached dwellings have also increased.
Edited by Shadow, 13 Apr 2013, 10:08 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.
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Trojan
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I have a friend in Sydney who is in the building industry.
And anecdotally, construction here is definitely picking up.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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frankrider
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Shadow
13 Apr 2013, 10:07 AM
Boom!

The total number of housing starts is forecast to pass 35,000 for the first time since 2005, and should keep rising for ...

Boom? It's a forcast shadow, here, let me give you another one "Shadow will be bankrupt by 2017"

Where is the reality in a forcast shadow? The boots on the ground, the concrete in the hole. There is none is there. So no BOOM!

Here is the reality shadow, just more pain, more declines.

Quote:
 

Uncertainty sours outlook for construction
20 March 2013 | Nick Lenaghan

PRINT: 20 March 2013
Uncertainty sours scene for construction

Flagging confidence and an uncertain outlook have put a lid on cost increases as work slows across Australia’s main construction markets.
http://www.afr.com/tags;jsessionid=9914E30585E4ABDE4E2BE933C52200E5?tag=T_Building%20Construction




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
13 Apr 2013, 06:00 PM
It's a forcast shadow
'Approvals shooting up 220 per cent in a year' is not a forecast.

Quote:
 
Here is the reality shadow, just more pain, more declines.

Posted Image
Yes, I agree, but this thread is about property, not gold...
Edited by Shadow, 13 Apr 2013, 08:07 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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nofriends
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construction lowest levels in 16 years. end of thread.

stop embarassing yourselves.
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Shadow
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Evil Mouzealot Specufestor

nofriends
13 Apr 2013, 09:06 PM
construction lowest levels in 16 years. end of thread.

stop embarassing yourselves.
Posted Image
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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