Everyone seems to forget this. Volumes are going to be way higher. So when someone like lulldapull screams the end of mining, no, it's the end of the mining construction boom. The "poor" guys in operations on $120k/pa should be right unless the guts absolutely fall out of commodities.
Trev, the Asset Integrity and Maintenance guys are on the 120k/yr, but you fail to mention that the tens of thousands of project guys who were on the $200 - $300k/yr contributing to the housing frenzy are now history.
We were the major ones driving this housing market, because we had the cash! locally earned and spent, both in Brisi and Perth sitting in the project offices.
Now you rely on the Chinese investors/ speculators and the Aussie lower middle class to support a phenomena which depends on speculation and hearsay.
The mining boom is truly over. And from the sounds of it, so is the LNG boom. There are no projects to go onto in LNG either. It's getting difficult by the month. Too much gas on the market, and Arrow don't have a customer to sell their LNG to. The project has been postponed, as I was trying to get on it.
Come Dec this year all engineering on the three LNG projects (pipelines) comes to an end. The Curtis Island plant will be done by July next year.........Upstream is a mess, which the owners teams are well prepared to deal with over the long haul, as part of their soul searching exercise.
The feasibility of our coal seam wells is in question. Did you know it takes 2 full years to de-water a well and bring it onstream to be productive?............Most of these projects were signed off on politics prevalent 8 years ago. Times are changing now.
I'll give you an example...........Iran's one day worth of LNG production is equal to Australia's annual production. I won't even mention Qatar or the other players.
We are no body's in this LNG game.........too little too late. Sit back and enjoy the show. I bet you any money, it will get a lot worse in 2014.
Trev, I thought while I was at it, might as well share a headline news with you. ......you see the U.S. is now energy independent and has cornered the LNG market! It is no longer dependent on the ME for energy, and as the days go by (not even months now)..........it is well placed to withdraw from the ME cesspool of violence. The strategic and economic implications of that are profound for our LNG industry here. Each day that passes by, we and our LNG projects become more and more uncompetitive. I have said it before and will say it again, that 4-5 years ago a giga joule of NG was going for $35 bucks. Today I'd be damned if we get fukkin $6 for it. Have a read of this from the US EIA:
WASHINGTON: The United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said Friday.
While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.
But helped by the boom in hydraulic fracturing, or fracking, production from shale deposits, the US will surpass the Saudis in petroleum output in 2013, making it the world leader in each fuel, the US Energy Information Administration (EIA) said.
The EIA includes in its petroleum product calculations crude oil, natural gas liquids condensates and biofuels.
The EIA said that US oil production had increased dramatically over the past five years due to production in Texas and North Dakota, where the exploitation of shale-based reserves by controversial fracking techniques has rocketed.
Meanwhile, natural gas production has shot up thanks to fracking-based production in the eastern part of the country, particularly in Pennsylvania.
We certainly do. Holding a mortgage on an investment property doesn't make you anything other than a debtor to a bank. If you're a bogan, you're still a bogan.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
We certainly do. Holding a mortgage on an investment property doesn't make you anything other than a debtor to a bank. If you're a bogan, you're still a bogan.
Like the articles have been saying "housing attracting dumb money"
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
timmy you're a lower middle class economic/ property fraudster, giving a bad name to tradies.
Not only that, and living up to your social class standards you're uneducated too. People here know this.
my postgrad qualifications are higher than your fucking tafe certification in bowl maintenance. sorry.
Timo
6 Oct 2013, 02:37 PM
Like the articles have been saying "housing attracting dumb money"
and yet here we are with house prices 6% higher nationally and you looking like a shawn sheep. all you can do is post whinges on the internet about how its not fair....
and yet here we are with house prices 6% higher nationally and you looking like a shawn sheep. all you can do is post whinges on the internet about how its not fair....
6% higher than what timmy, 7 years ago prices It's over mate, finished, and soon you will putting up your own black panther farwell post.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
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.
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