Welcome Guest [Log In] [Register]


Reply
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 (51,158 Views)
barns
Member Avatar


Catweasel
3 May 2013, 11:32 AM
Catweasel say it the be in a Osaka in a Japan. And now the Catweasels be in a Ho Chi Minh the city.

Catweasel think a titillate is a gained for itself and cannot be the association with belief that it have magical power to see a future.

But mouse the force feed such a future vision on decreasingly daily basis in a media like a SM the H.

Particularly for mouse house, glory day of prediction guru in media was a pre the GFC.

Of the course, mouzealot will point to amazing the mouse house price increase after a GF the C.

Catweasel the amaze too.

But more the amaze of a NZ in a 2012-2013.

But concern the be is that mouse's faith in the master, experts, gurus and narratives require also its total the obedient.
Do you work for the ANZ? or does your wife work for the ANZ?
Edited by barns, 3 May 2013, 11:35 AM.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
Profile "REPLY WITH QUOTE" Go to top
 
Catweasel
Member Avatar


barns
3 May 2013, 11:35 AM
Do you work for the ANZ? or does your wife work for the ANZ?
Catweasel laugh.

Mrs the Catweasel would shudder at a thought.

But a Catweasel has the exposure to a AN the Z.

Some the nice people but the very a institutional and delve into a skull based on what it the know.
Profile "REPLY WITH QUOTE" Go to top
 
barns
Member Avatar


Catweasel
3 May 2013, 12:47 PM
Catweasel laugh.

Mrs the Catweasel would shudder at a thought.

But a Catweasel has the exposure to a AN the Z.

Some the nice people but the very a institutional and delve into a skull based on what it the know.
Cat - have you been to the Temple Club for dinner lately?

It's been a few years but it was a great place when I was there.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
Profile "REPLY WITH QUOTE" Go to top
 
Admin
Member Avatar
Administrator

Quote:
 
Low interest rates to spur strong residential building recovery over next three years: MBA

By Larry Schlesinger
Tuesday, 21 May 2013

The embattled residential building sector is forecast to recover strongly over the next three years, with the catalyst being low interest rates.

However, the strong growth phase won’t extend to the non-residential building sector with only “modest growth forecast” while there will be a contraction for engineering construction as the mining investment boom slows and big resource projects are completed.

Masters Builders Australia (MBA) forecasts the value of residential building work done, in real terms, to grow from $46.2 billion in 2012-13 to $60.9 billion in 2015-16.

Over this same time frame, dwelling starts are predicted to rise to 164,000 in 2013-14, 179,000 in 2014-15 and 183,000 in 2015-16 – more than a decade after dwelling starts peaked at around 175,000 in 2004.

This follows a number of years of contractions with many high-profile building companies collapsing including Kell & Rigby, St Hilliers Construction, Reed Construction, Baseline Constructions and Nahas Construction.

A NSW government inquiry into the sector last year found that one in three company collapses in the state were building companies.

MBA chief economist Peter Jones says the forecasts indicate there is “light at end of a very long tunnel for the residential and commercial building sectors, but does not herald a return to boom era levels”.

The building and construction industry group basis these bullish forecasts on the underlying assumption that low interest rates will work to “release significant pent up demand after a long period of under-building that occurred at the same time as Australia experienced strong population growth”.

The forecasts have been developed by Master Builders in collaboration with Independent Economics.

“The stronger performing states are forecast to be Queensland, New South Wales and Western Australia,” says Jones.

“The key risks to the forecasts are frail consumer confidence, economic uncertainty, asset price volatility and ongoing softness in the labour market.

“The improvement in the residential building outlook comes from a very low base and the challenge remains for policy makers to address supply side inefficiencies and impediments that have contributed to the nation’s growing housing shortfall,” he says.

Non-residential building work done is predicted to decline further in real terms in 2012-13 followed by modest growth in the following years.

Growth is expected to be driven by commercial and industrial building sectors, contrasting with weakness in social and institutional sectors and education related building.

“For non-residential building, strongest performing states are forecast to be NSW, Queensland and Victoria, with industrial, retail and office building leading the way.

“The key headwinds and risks are poor cash flows, low margins and tough lending criteria. Investor confidence also remains low reflecting current economic conditions,” Jones says.

In the engineering construction sector, activity is forecast to increase 5.4% in real terms to $122.1 billion in 2012-13 before falling back 12% to over the following three years to a level of $108.0 billion.

“After very strong growth, engineering Construction activity in the Northern Territory, Western Australia and Queensland are forecast to fall back, albeit remaining at extremely high levels in an historical context. Victoria and Tasmania look set to benefit from stronger infrastructure spending,” Jones said.

Read more: http://www.propertyobserver.com.au/residential/low-interest-rates-to-spur-strong-residential-building-recovery-over-next-three-years-mba-mbavic-_mbant-mbaqld/2013052061519
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
Admin
Member Avatar
Administrator

Quote:
 
Inner city buyers are spoilt for choice

June 15, 2013
Antony Lawes

During the next 18 months a flood of newly completed apartments will reach the market after years of pent-up demand.

The fleet of removal trucks disgorging furniture at Central Park and other newly completed apartment developments across Sydney's inner city will become an increasingly common sight in the next 18 months.

There are about 6000 apartments due for completion in that time, which experts say will be the highest for almost a decade. But that number could be eclipsed in subsequent years as the dramatic increase in inner-city apartment developments approved since 2011 washes through the system.

Unlike the building boom in Melbourne's inner city, Sydney's central business district and fringe suburbs were largely starved of new apartments for the best part of six years.

This has created a great deal of pent-up demand among buyers, says Robert Papaleo, director of strategy research for property consultant firm Charter Keck Cramer.

''Now that supply is becoming available, purchasers are responding because the alternatives are still scarce in the established [inner-city] housing market,'' he says.

Another independent property expert, Kim Hawtrey, associate director at business forecaster BIS Shrapnel, believes new apartments are now at ''the leading edge of the housing recovery in Sydney''.

Read more: http://smh.domain.com.au/real-estate-news/inner-city-buyers-are-spoilt-for-choice-20130613-2o56v.html
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Quote:
 
During the next 18 months a flood of newly completed apartments will reach the market after years of pent-up demand.

The fleet of removal trucks disgorging furniture at Central Park and other newly completed apartment developments across Sydney's inner city will become an increasingly common sight in the next 18 months.


So in other words, the sydney boom has been put off 'again' for up to 18 months. Boy at this rate the gold coast will have recovered before the nations leading capital.
"REPLY WITH QUOTE" Go to top
 
earthsta
Default APF Avatar


Guest
18 Jun 2013, 03:11 PM


So in other words, the sydney boom has been put off 'again' for up to 18 months. Boy at this rate the gold coast will have recovered before the nations leading capital.
Probably reach the million dollar median before Sudney does as well :lol
Profile "REPLY WITH QUOTE" Go to top
 
stinkbug
Member Avatar


earthsta
18 Jun 2013, 08:28 PM
Probably reach the million dollar median before Sudney does as well :lol
That claim really got under your skin, didn't it.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

Profile "REPLY WITH QUOTE" Go to top
 
earthsta
Default APF Avatar


stinkbug
18 Jun 2013, 08:32 PM
That claim really got under your skin, didn't it.
I split my sides with laughter every time I think about it. :lol

Nothing around this joint gets under my skin..... it's all shit and giggles :bye:
Profile "REPLY WITH QUOTE" Go to top
 
Admin
Member Avatar
Administrator

Quote:
 
Harry Triguboff buys Mascot site for $47 million with plans for 400 apartments

By Larry Schlesinger
Tuesday, 25 June 2013

Harry Triguboff’s Meriton group has bought its second Mascot development site this year, adding to a war chest comprising $300 million worth of development sites across Sydney.

Triguboff, Australia’s sixth richest man with a fortune estimated by BRW at $4.95 billion has acquired a 17,150 square metre site at 200 Coward Street, Mascot in Sydney’s southern suburbs for $47 million.

It last sold for $11 million in 1998 when acquired by the Queensland Local Government Superannuation Board, the trustee of LGsuper, a super fund for current and former Queensland local government employees and their spouses.

It comes just a month after Meriton spent $39 million on a North Shore Sydney service station in Lane Cove from Bob Rose’s Rose Group with plans to build a $300 million residential tower development featuring 440 apartments.

The Mascot site on the corner of Coward and O’Riordan Streets currently operates as a multi-unit industrial estate with tenants including chocolate maker Lindt.

An apartment development on the site would overlook Mascot Park with Mascot railway station and town centre just a short walk away.

It was sold by Michael Crombie and Jonathon Canavan of Colliers International following a tender process which closed on June 12 and with the potential for 380 apartments.

Crombie tells Property Observer, while there has been no planning in relation to the site, the expected number of units if a compliant scheme is proposed is around 401 units.

He confirmed that Meriton was the buyer.

“The site has exchanged with a three month settlement date, not subject to anything,” he said.

It has proposed mixed-use residential zoning.

In February this year, Triguboff announced that Meriton had acquired a 31,500 square metre industrial site in Mascot for $100 million from industrial landlord Goodman Group. He plans to build 1,000 apartments on the 19-33 Kent Road site near Sydney airport.

Meriton is currently selling more than 2,000 apartments off-the-plan having spent around $300 million on development sites in the past 18 months”.

Read more: http://www.propertyobserver.com.au/developments/harry-triguboff-buys-mascot-site-for-$47-million-with-plans-for-400-apartments/2013062562656
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
2 users reading this topic (2 Guests and 0 Anonymous)
ZetaBoards - Free Forum Hosting
ZetaBoards gives you all the tools to create a successful discussion community.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy