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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 (51,165 Views)
mango66
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Shadow
13 Apr 2013, 09:09 PM
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Why do you call it a boom? What defines a boom for you? That graph doesn't say anything else than the figures are increasing but doesn't look like a boom. So when bananas go from $1.99-$2.99 overnight do you call that a boom as well? :lol
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frankrider
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It's a boom if shadow has an underwater IP on an IO loan in the city.

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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four20
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Trojan
13 Apr 2013, 10:19 AM
I have a friend in Sydney who is in the building industry.
And anecdotally, construction here is definitely picking up.
golly gosh, there's solid evidence for you !

thanks for the contribution bro.... :D :D :D
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Simon
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Trojan
13 Apr 2013, 10:19 AM
I have a friend in Sydney who is in the building industry.
And anecdotally, construction here is definitely picking up.
Got a brother in the industry, says the same thing, hearing a lot of similar anecdotes, which aligns well with the abs data, definite pickup happening
four20
14 Apr 2013, 07:43 PM
golly gosh, there's solid evidence for you !
Nah thats just an anecdote, the evidence is the abs stats
Edited by Simon, 14 Apr 2013, 08:27 PM.
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Sheepdog
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Simon
14 Apr 2013, 08:25 PM
Got a brother in the industry, says the same thing, hearing a lot of similar anecdotes, which aligns well with the abs data, definite pickup happening

Nah thats just an anecdote, the evidence is the abs stats
Got mates at a couple of the big constructors they are saying things are a big schizophrenic. Some of the big boys are reaching way down to projects they wouldn't touch if they were busy, in order to keep mouth's fed. Others are sitting pretty with a full order book, but there isnt a huge amount of job security on the whole. The issue at the moment is too many big projects havent got past the feasibility study or are awaiting the allocation of funds.
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earthsta
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frankrider
14 Apr 2013, 05:24 PM
It's a boom if shadow has an underwater IP on an IO loan in the city.
and less than 50% clearance rate on the Northern Beaches.

No wonder he's shitting himself.
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Shadow
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Evil Mouzealot Specufestor

Quote:
 
http://australianpropertyforum.com/topic/9864074

NEW homes could be approved within 10 days under radical changes to planning laws that are tipped to spark a construction boom in Sydney.

In a bid to address the state's housing shortage and affordability crisis, councils will be forced to give the green light to 80 per cent of all suitable NSW buildings in just 25 days, according to a state government white paper to be released today.

As long as new homes and renovations are under two storeys and do not affect neighbours with overshadowing or privacy issues, authorities will have to give their rulings within 10 days or risk losing decision-making powers on major projects.
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

Quote:
 
http://www.smh.com.au/business/nsw-leads-way-in-recovery-of-construction-20130417-2i0i1.html

NSW leads way in recovery of construction

NSW and Victoria are unexpected bright spots in the country's building landscape. New figures show the value of private non-residential construction in NSW surged 8 per cent in the December quarter and 4 per cent in Victoria.

Over the year to December, NSW private non-residential construction climbed 11 per cent and Victorian construction 14 per cent.

The most recent quarter's growth puts the two biggest states on a par with Western Australia, where construction climbed 3 per cent. However, over the year to December, West Australian non-residential construction spending climbed 30 per cent.

A Commonwealth Bank assessment of the states' prospects found that NSW retail spending is outpacing the national average, motor vehicle sales are surging and the housing market improving.
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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frankrider
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private non-residential construction in NSW ?

What use is that to you? Or anyone here. You're grasping at straws now shadow, here is the data you need to plan your future.


Date July 24, 2012
"It is a very dangerous idea to think that dwelling prices cannot fall," RBA governor Glenn Stevens said in a speech today. "They can, and they have. Measured against incomes, home prices are now close to where they were in 2002,"
The Reserve Bank says housing prices may fall further and believes it is risky to assume they won't.

Quote:
 

Housing boom over, not to return: RBA
The Reserve Bank says home prices are likely to grow slowly, if at all
The Reserve Bank warns that this slower housing market will lead to more periods when house prices are falling
loaning too much of the purchase price, as they might find the outstanding loan becomes bigger than the value of the home - a situation known as negative equity.



Your boat just sank shadow. You are screwed, like all the other over-leverage get rich quick speculators.

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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Pig Iron
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Bogan scum

frankrider
27 Apr 2013, 10:59 AM
You are screwed, like all the other over-leverage get rich quick speculators
this describes gold bugs like you perfectly. housing is a long term commitment, very few people flip for profit.
I am the love child of Tony Abbott and Pauline Hanson
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