Best winter market in 7 years, prices up 3.8% in winter, sales much higher then normal and Perthite and co trying to tell us the sky is falling.
Hey Perthite did you enjoy those capex figures today. Mining up 6.5% in June quarter, capex up 4% overall. Investment is increasing again with the peak now not expected until 2014. Now wonder employment is holding up so well.
Do I need to post a graph of WA to put it into context for those who find numbers hard to understand?
Very large downtrend...
Shit I could not even spin that turd...
LOL.
do you even read the shit you post?
"MINING investment should stay strong for the coming year, economists say"
"Capital expenditure by businesses rose by 4.0 per cent in the June quarter, the Australian Bureau of Statistics said today, higher than the 0.8 rise the market was expecting."
I am the love child of Tony Abbott and Pauline Hanson
Residential construction not coming to the rescue.
= soft landing dead.
You can't say you where not warned.
“Mining is peaking and is beginning to roll over but outside of mining, things have been quite soft.''
Mining investment increased 6.4% seasonally adjusted and is at the same level as the all time peak of investment. The trend for mining is flat as shown by the ABS graph. What has happened to you're mining is in free fall, the sky is falling as mining investment increased by 6.4% in the June Quarter. How can we be in decline if investment is increasing and remains close to all time highs.
Investmentis responding to increased commodity prices and global growth.
Quote:
The trend estimate for Mining fell 0.1% in the June quarter 2013. Buildings and structures rose 2.2% while equipment, plant and machinery fell 13.1%. The seasonally adjusted estimate for Mining rose 6.4% in the June quarter 2013. Buildings and structures rose 10.2% while equipment, plant and machinery fell 13.6% in seasonally adjusted terms.
State by state breakdown shows investment in WA well below the peak. Trending down.
The state you live in.
sorry but the data just doesn't tell the tale of doom and gloom that you want. at some point the cycle had to ease, just look at the trajectory of the chart.
PERTH has experienced its strongest winter residential sales season for seven years, new figures show.
Home values across the city jumped by 3.8 per cent throughout the season up to August 26, RP Data figures show.
RP Data senior research analyst Cameron Kusher said Perth’s growth for the year to date (8.3 per cent) was currently leading the nation.
“It is important to keep in mind that winter is usually a slow period for the housing market in Perth,” Mr Kusher said.
“Of course, winter isn’t finished quite yet but if we look at the past five years it is shaping up as the strongest over that period."
Perth's fastest selling suburbs revealed
Values increased by just 0.2 per cent in winter 2012 and fluctuated in 2011 (-3.1 per cent), 2010 (0.2 per cent), 2009 (1.9 per cent), and 2008 (-1.8 per cent).
Perth’s median house price is currently $510,000 and the median unit price is currently $425,000, according to RP Data.
Strongest winter sales and price growth for 7 years. Just as I told everyone early on in winter what was unfolding, now it is appearing in the data. ABS stats should so some solid growth for the September quarter.
Bears wrong again as all of them kept saying month after month the market is going down and it just keeps going higher.
Mining investment increased 6.4% seasonally adjusted and is at the same level as the all time peak of investment. The trend for mining is flat as shown by the ABS graph. What has happened to you're mining is in free fall, the sky is falling as mining investment increased by 6.4% in the June Quarter. How can we be in decline if investment is increasing and remains close to all time highs.
Investmentis responding to increased commodity prices and global growth.
sorry but the data just doesn't tell the tale of doom and gloom that you want. at some point the cycle had to ease, just look at the trajectory of the chart.
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