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Investment activity awakening in WA
Topic Started: 20 Apr 2012, 10:44 AM (3,451 Views)
Mike
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Perthite
20 Apr 2012, 06:04 PM
Mike??? Population growth today is a little over half what it was in 2006. That has been the main driver behind falling housing starts... Less people arriving require less housing supply. What planet are you on?

I'm sorry but that post... Lost for words. :wak:
You seem to be well out of your depth, or trying to mislead people on purpose.

WA population growth as of September 2011 was 2.6%, the highest in the nation with over 60,000 increase. http://www.abs.gov.au/ausstats/abs@.nsf/mf/3101.0

ABS data for 2006 shows population growth of 2.0% well below our present growth of 2.6%
http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/3218.0Main%20Features32005-06?opendocument&tabname=Summary&prodno=3218.0&issue=2005-06&num=&view=

Now if you want to include the 2006-2007 financial year the growth was 2.3% still well below our present levels. http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/3218.0Main%20Features32006-07?opendocument

So not only as a % was growth lower in 2006, but in raw numbers our present growth in population is almost double.

How many times do I need to slam dunk you. You are not very bright and back none of your mother statements up with facts. Produce facts not your fairytales.
http://mike-globaleconomy.blogspot.com.au/
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Mike
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stinkbug
20 Apr 2012, 06:56 PM
Perthite
20 Apr 2012, 06:04 PM
Mike??? Population growth today is a little over half what it was in 2006. That has been the main driver behind falling housing starts... Less people arriving require less housing supply. What planet are you on?

I'm sorry but that post... Lost for words. :wak:
Less people arriving requires less housing supply? Uh, no it doesn't, these people still need somewhere to live. It just means that not as many new dwellings need to be built. How's that shortage again...?
Read my post above. Another Bear with mother statements.

Produce some proof of your claims. I have shown from ABS data just how wrong the pair of you are.

It dosnt take much to realise that it is our present huge population growth, that is driving the present rental crisis.

Please present your facts on where in 2006 Population growth exceeded our current 60,000 growth as of Sept 2011.
Edited by Mike, 20 Apr 2012, 07:03 PM.
http://mike-globaleconomy.blogspot.com.au/
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stinkbug
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Mike
20 Apr 2012, 07:03 PM
Read my post above. Another Bear with mother statements.

Produce some proof of your claims. I have shown from ABS data just how wrong the pair of you are.

It dosnt take much to realise that it is our present huge population growth, that is driving the present rental crisis.

Please present your facts on where in 2006 Population growth exceeded our current 60,000 growth as of Sept 2011.
You do realise I was disagreeing with Perthite, right?
---------------------------------------------------------------

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.

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Mike
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stinkbug
20 Apr 2012, 07:12 PM
Mike
20 Apr 2012, 07:03 PM
Read my post above. Another Bear with mother statements.

Produce some proof of your claims. I have shown from ABS data just how wrong the pair of you are.

It dosnt take much to realise that it is our present huge population growth, that is driving the present rental crisis.

Please present your facts on where in 2006 Population growth exceeded our current 60,000 growth as of Sept 2011.
You do realise I was disagreeing with Perthite, right?
True your comment dose say that, I though you were supporting him.....opps. :wak:

My point has been proved though, unless Perthite can produce ABS stats which show 2006 had over 60,000 population growth, he is again wrong which appears to be common.
http://mike-globaleconomy.blogspot.com.au/
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newjez
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Mike
20 Apr 2012, 07:35 PM
True your comment dose say that, I though you were supporting him.....opps. :wak:

My point has been proved though, unless Perthite can produce ABS stats which show 2006 had over 60,000 population growth, he is again wrong which appears to be common.
Your point certainly has been proved, and it's a sharp point at that!
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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TED BULLPIT
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Mike :lol , you sound like a timing nightmare, did your wife hang around ;)

The fact is China is slowing , our mining is slowing and our iron ore prices dropped from $190 per tonne to $130 a tonne in a matter of months. Does mean anything to you MIKE?

With Melbourne prices being smashed to oblivion this year you think you will see growth in a dying industry , a dying industry that is currently our backbone, Emerging countries and econmies will mine there shit flr much cheaper than us once the ball gets rolling on there projects which it already is.

MIKE :lol
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Pig Iron
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Bogan scum

TED BULLPIT
21 Apr 2012, 08:29 AM
Mike :lol , you sound like a timing nightmare, did your wife hang around ;)

The fact is China is slowing , our mining is slowing and our iron ore prices dropped from $190 per tonne to $130 a tonne in a matter of months. Does mean anything to you MIKE?

With Melbourne prices being smashed to oblivion this year you think you will see growth in a dying industry , a dying industry that is currently our backbone, Emerging countries and econmies will mine there shit flr much cheaper than us once the ball gets rolling on there projects which it already is.

MIKE :lol
Ted, how did you arrive at such an ill informed opinion that the mining industry is going under.

I think i need to put you over my knee and spank you with some facts about WA mining.


1. The iron ore spot price has risen to over $140/t and is tipped to go over $150 this year
2. iron ore exports to china rose in feb
3. Gold the other big commodity coming out of WA is insanely high at 1600/oz and tipped to go even higher
4. There is over $147 billion in new investment coming into resource investments
5. Other developing countries need to have the resource in the ground, the only threat to us would be africa, from which resource companys are abandoning due to high risk.

there are many other points i could go on with but i think that will do it.
Edited by Pig Iron, 21 Apr 2012, 02:54 PM.
I am the love child of Tony Abbott and Pauline Hanson
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BubbleBoy
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timmy
21 Apr 2012, 02:53 PM

1. The iron ore spot price has risen to over $140/t and is tipped to go over $150 this year
2. iron ore exports to china rose in feb
I don't take "tips/predictions" on commodity prices seriously.

So lets focus on the current.

$140/t is a very high price - obviously a material drop from $190, but high in historical terms and substantially higher than the marginal cost of production.
My name is based on a Seinfeld character, not on a belief of a housing bubble.
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Pig Iron
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BubbleBoy
21 Apr 2012, 03:01 PM
I don't take "tips/predictions" on commodity prices seriously.

So lets focus on the current.

$140/t is a very high price - obviously a material drop from $190, but high in historical terms and substantially higher than the marginal cost of production.
I'll pay that commodity predictions are usually rubbery. a rise to $150/t on iron ore is pretty conservative though, and given the amount of modernisation going on in asia there's no reason to think prices won't stay above $100/t in the medium term at the very least.
I am the love child of Tony Abbott and Pauline Hanson
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Mike
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TED BULLPIT
21 Apr 2012, 08:29 AM
Mike :lol , you sound like a timing nightmare, did your wife hang around ;)

The fact is China is slowing , our mining is slowing and our iron ore prices dropped from $190 per tonne to $130 a tonne in a matter of months. Does mean anything to you MIKE?

With Melbourne prices being smashed to oblivion this year you think you will see growth in a dying industry , a dying industry that is currently our backbone, Emerging countries and econmies will mine there shit flr much cheaper than us once the ball gets rolling on there projects which it already is.

MIKE :lol
Have you not read the news. Iron ore prices are back to $150 a ton. Resources across the board up are up 2% for the march quater.

So what for you would be considered a low Iron ore price, the average price of Iron Ore prior to the boom starting was $40 a ton. So in order for the Boom to be over we need to see prices back down to this level, even $60 a ton would do. Not going to happen.

If you are correction why then are Iron Ore prices rising if so much supply from other nations is now comming online.

Perhaps its something to do with Chinese growth being stronger then estimated, or that the US economy is growing stronger, or that India is grower stronger. You do understand maths dont you.
8.2% growth, means Chinas economy will be 8.2% larger now then this time last year. Meaning they need more resources from us this year then 2011. If China grows at 7-9% next year, it means they need even more resources from us next year. Growth slowing only means demand is growth at a slighly slower level, it still means they will need more of EVERYTHING then we could provide in 2011. Add a recover US to the equation. Have you seen US manufactoring exports lately, up 32% over the last 2 years. Watch out for the rising Eagle.
http://mike-globaleconomy.blogspot.com.au/
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