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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 (51,153 Views)
Shadow
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Evil Mouzealot Specufestor

Catweasel
8 Aug 2011, 03:56 PM
Whims a shadow zealot get a happy about a construction boom boom prophecy, some a construction company face the tough one. It a wonder how mouse can keep a finance together when a business fail
Funny to read the bears at the beginning of this thread in 2011 (raveswei, Terry/Catweasel, earthsta, schooner, wisebear, yossarian etc.) all mocking my Sydney boom prediction. :lol
Edited by Shadow, 30 Oct 2015, 01:17 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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Admin
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Sydney’s middle-ring is king when it comes to high-rise: BIS Shrapnel
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Terry
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Alex Barton
4 Feb 2016, 10:27 AM
Goold old Jenny Duke, comms graduate and author of the defunct vegans guide, knocked this out. Productive one is our Jenny.
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Admin
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Quote:
 
Clover Moore alarmed by Waterloo apartment plans that dwarf Singapore's squeeze

Apartment density of the scale seen only in pockets of New York or Hong Kong but greater than anything in Singapore is being planned for inner Sydney by the state government, according to an alarmed City of Sydney Council.

The government is planning a precinct of 20 and 30-storey towers that would increase the density around Waterloo, where a new rail station is planned, to the equivalent of 70,000 people per square kilometre, the council says.

That would be more than four times as dense as the current densest area in Australia, Pyrmont, which houses 14,000 people per square kilometre. The Green Square area, which is already an emerging transport nightmare, is planned to house a comparatively modest 22,000 people per square kilometre.
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Bardon
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Wages growth already started with site engineers been offered higher packages to start up on the huge infrastructure projects that are going to run for years and years.
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Parvaty
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If only all trends followed lines extrapolated out into the future life would be so easy ;)
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Khaderbhai
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Wealthy Suburbanite

Catweasel
8 Aug 2011, 07:10 PM
Whims a shadow zealot get a happy about a construction boom boom prophecy, some a construction company face the tough one. It a wonder how mouse can keep a finance together when a business fail.

Many a media, zealot, expert and mouse only see what it a want to a see. Idea that a construction activity can impact a economy to do a big impact on a house price is the kind of mad as batshit if it ask a Catweasel (and no empirical the proof of a course)
The Almighty Lord Shadow proved right again. And Catweasel/Roddy gets it all completely wrong as usual.

The construction boom that kicked off in Sydney around 2011 is still going strong, and is set to become the biggest ever in Australia's history...

http://www.smh.com.au/nsw/biggest-housing-construction-boom-in-sydneys-history-on-the-way-20161118-gsspwo.html

Biggest housing construction boom in Sydney's history on the way

November 19 2016

The next five years will feature the biggest housing construction boom in Sydney's history, according to forecasts released by the state government.

The forecasts predict almost 185,000 new houses and apartments will be added to the city by 2021 – about 85 per cent more properties than were built in the previous five years.

Pressure on Sydney's already-stretched housing and transport needs are a "symptom of Sydney's success", says NSW Planning Minister Rob Stokes.

The Department's forecasts are based on development that is already under construction, developers either approved or being assessed, and land rezoned for residential purposes.

If the forecasts do come to fruition, the next five years will surpass a period between 1968 and 1973 – when apartment construction had been fuelled by the introduction of the strata title system – as the largest increase to Sydney's housing supply in its history.

The expected population increase, and the resulting demand for new dwellings, was one reason nominated by Mr Stokes for the coming construction boom not to result in an over-supply.
Edited by Khaderbhai, 19 Nov 2016, 09:33 AM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Foxy
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Zero is coming...

Shadow
8 Aug 2011, 12:56 PM
I have got to say you do have an ability to understand the Sydney market.

Good luck.
Peter
Shadow
30 Oct 2015, 01:16 PM
Funny to read the bears at the beginning of this thread in 2011 (raveswei, Terry/Catweasel, earthsta, schooner, wisebear, yossarian etc.) all mocking my Sydney boom prediction. :lol
Again well done, but.
Foxbat has called the top of Sydney.

So good luck.

Peter

There is no cure for high prices like well high prices.

Then net real yield hits zero.


Rinse and repeat.

Edited by Foxy, 19 Nov 2016, 09:56 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Bardon
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Khaderbhai
19 Nov 2016, 09:32 AM
The construction boom that kicked off in Sydney around 2011 is still going strong, and is set to become the biggest ever in Australia's history...
Add to that the huge infrastructure boom that is unfolding in Sydney as well, wages breakouts next to come.

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Trollie
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Another masterful call from The Mighty Shadow.

You can see why his prediction for Perth has the bears in a frenzy. They still want to doubt his omnipotence, however his record can't be questioned.
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