Not the so high esteem from high-power titan from a Rocky.
Thanks for showing us once again you are an illiterate thicky
addressed already, in BOLD for you this time
Quote:
And if you read post 51 I said....... Quote:
I still think I may be better off getting the normal viet extensions and 12 mth visa from snookyville
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Come on Timmy, it isn't that bad. Gladstone, Rocky, Mackay - they're all nice enough places to live really. We have a charm all our own And the western towns of CQ do have culture - working and drinking. If they're not working they're drinking, if they're not drinking they're working. But you don't have to associate with drunken bogans just because you live here.
The madness that mining/construction booms bring to my town every decade or two reminds me of why I choose not to live somewhere like Brisbane or Sydney.
I have lived in Mackay. I've also lived in Charters Towers and Collinsville and of the three Mackay was definitely the nicest. They have a number of industries including mining services, sugar, beef, and tourism, and all of those industries are having a tough time at the moment. But it's mining that has been the driver for rental demand in the town. You can see from this SQM graph how volatile it has become, and landlords who have become used to very tight rental markets with high returns have suddenly had to change their views to tenants who they may have been taking for granted until now. http://www.sqmresearch.com.au/graph_vacancy.php?postcode=mackay&t=1
Agree Peter - Mackay is probably the pick of them. Dad worked in Mackay for 8 years and we often spent school holidays up there. It's nearly always nice and green, unlike the rest of central Queensland which can get very parched and dusty. Beautiful hinterland with rainforest covered hills and mountains. I know a couple who bought out there a number of years ago. Must have cost a packet but then, she's a barrister and he's an engineer so I'm sure they can easily afford it.
If it the business the master, or even the foot solider, it qualify for a APEC the card.
Have they changed it back? Foot soldiers all lost their APEC cards about 3 years ago, at least if they were Australian. Have to be CEO or CEO direct report in a company with at least 5 Million of contracts in Asia last I looked.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Have they changed it back? Foot soldiers all lost their APEC cards about 3 years ago, at least if they were Australian. Have to be CEO or CEO direct report in a company with at least 5 Million of contracts in Asia last I looked.
Catweasel say yes it actually a true.
Mrs the Catweasel have one from a issue in a New Zealand.
Relatively the straightforward.
But a scallywags in a Australia lose the scam.
So one less the avenue for a Frankie.
And a residency the permit in a Vietnam usually the require police check.
So if Frankie get into mischief with cousins,
another the opportunity maybe gone.
And a Govt reduce a residency from a 3 to a 2 the year.
As for your "Ugly Australian" comment it is quite obvious you are clueless and have never read any of my comment on what I do in Vietnam and other Asian nations.
Ugly Australian that is moops to a tee He is as racist as it gets and has a deep disgust for anyone not " Australian"
Wah wah wah, WankCastle hows the granny flat going? Sacked from Coles yet?
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.
Wah wah wah, WankCastle hows the granny flat going? Sacked from Coles yet?
If by Granny Flat you mean pool villa
And if by job at coles you mean sitting on sun lounge drinking mohitos
Then all is going quite swimmingly thanks
Now stop making silly posts like some retarded child and get back to stacking those shelves Rents due Friday and there will be no excuses for it being late.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
“It’s a bloody basket case,” the forlorn investor sighed. It’d taken three months to find someone to rent his investment property in the Queensland town of Mackay. Six weeks later, the tenant had disappeared.
BY SHANNON MOLLOY August 21, 2013
I was sitting on his back verandah, chatting about the state of the property market over the past year. Since slight shakes in the resources sector became loud rumbles, Mackay’s fortunes have slipped sharply.
Not too long ago, cane farmers and their families dominated the township. On any given day, the local shopping centre would be awash in a sea of beige or brown items from RM Williams’ latest line. In recent years, that landscape has been replaced by one of fluorescent high-visibility work wear as mining contractors became the workforce du jour.
A massive spike in investment in the sector and a boom in the Bowen Basin mining region to the west meant good things were surely on the way for Mackay. And for a while, things were very good – rents rose, house prices lifted, investors rushed in and developers followed suit.
When I was there for a visit a few weeks ago, I was struck by the noticeably quiet vibe around town. You don’t have to look far to spot the signs of a dramatically weaker property market. There are ‘for rent’ signboards on most streets and real estate agent windows are filling up with sale listings. It’s in stark contrast to the scene that greeted me about 18 months ago – an airport that was busier than the capital city one I’d flown in from and streets in town that were just as congested.
Back then, a local had described a rental and sales market that was positively hopping. “Nothing lasts more than a couple of days. No wonder all the city developers have flooded in to build their townhouses.”
Where did it all go so wrong?
Like a large number of locals, this investor’s tenant was a drive-in, drive-out mining subcontractor working at a site in Moranbah a few hours’ drive west. And like many others, the bloke had recently lost his job when mine operators slashed production.
A slump in foreign demand for resources and tumbling commodity prices have seen widespread job cuts at mines not just in the Bowen Basin region in north Queensland, but across the broader sector. Thousands of non-permanent jobs have been shed
“He rang and basically said ‘sorry mate, but I’ve lost my job and can’t afford the rent’. So he just packed up and left without any notice and stopped paying the rent. There’s not a whole lot I can really do about that.”
He owns a recently built four-bedroom house about 20 minutes out of town. It’s now back in a rental pool that’s swelling by the week and a month after the previous occupant fled, it’s still sitting empty. It’s not the only one.
Ryan Connors is a research analyst with the Real Estate Institute of Queensland (REIQ) and says a “significant weakening” in the rental market that began earlier this year is yet to improve. The vacancy rate currently sits at 6.6 per cent. This time last year it was a very tight 1.7 per cent. Unsurprisingly, the Residential Tenancies Authority says weekly rental prices in Mackay have fallen by $80 per week for an average four-bedroom house.
“Agents have reported that the loss of jobs in the mining sector has left the region with a high unemployment rate, leading to increases in vacancy rates and significant falls in rental rates,” Connors says.
Helen Collier-Kogtevs from Real Wealth Australia is a mining town investment specialist and says Mackay is experiencing what many other regional resource sector-supported regions have in the past 12 months. A slowdown in mining and related service industries has seen housing demand come to a “grinding halt”, she says.
However she believes an eventual stabilising in both the commodities market and the political landscape could see an easing of tougher conditions in towns like Mackay.
“The market might pick up after the election if there’s a change of government and the mining and carbon taxes are abolished,” Collier-Kogtevs says.
The longer-term outlook for Mackay is also far rosier than that for a town like Moranbah. For one, Mackay has a diverse economy that comprises agriculture, freight and transport logistics, services and a bit of tourism, as well as mining.
Resource industry lobby groups are also quick to trumpet the still-promising prospects on the horizon. The Bowen Basin might be struggling at the moment, but there’s a massive pipeline of potential projects. Like the wider industry, mining in Queensland is far from dead and buried.
Across the country, there are more than $200 billion worth of projects under construction and more than 280 others currently in exploratory stages. If those mining initiatives under consideration were to come to fruition, that’d equate to tens of thousands of new jobs and hundreds of billions of dollars in economic benefits.
In the meantime, there are still 260,000 Australians employed in the resources sector, so it’s hardly a ghost town.
Across Queensland, finance for dwellings purchased by investors was up 14.9 per cent in May, according to Australian Bureau of Statistics data. The estimated number of actual investors in the market rose about 20 per cent in the same month. And the underlying dollar value of loans to Queensland investors was at its highest level since June 2009.
All of that clearly shows that investors are out and about in the sunshine state. Given recent volatility, it’s safe to assume the bulk of them are focusing their attention on the southeast corner. However when fortunes lift once again in mining-linked regions, they’ll no doubt go back to cash in on a growing demand for accommodation in otherwise promising towns like Mackay.
For those already there, it seems to be a case of holding on and hoping that turning of the tide happens sooner rather than later.
“That’s what you get with a market like this I guess,” the Mackay investor told me. “It’s not ideal but it could be worse. It’ll come back – you’d be stupid to say it won’t. Until then, you’ve just got to roll with the punches.”
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
And the western towns of CQ do have culture - working and drinking. If they're not working they're drinking, if they're not drinking they're working. But you don't have to associate with drunken bogans just because you live here.
