Forum Replies Created
gmh – which city are you investing in? why?
As for Perth/WA:
* Only 1 in 20 people work in the resource/mining industry.
* Japan is WA’s largest trading partner (not China).
* The combined exports from WA to South Korea and India = the value of exports to China from WA.North West Shelf signed a contract to supply between 3 and 4 million tonnes of LNG, for the next 25 YEARS. This was to one customer (yes, China), it commenced this year, and is Australia’s BIGGEST EVER single-value export deal.
The WA economy has been the nations fastest growing for over a decade now, and is projected to remain the fastest growing for some time yet. This is not some fifteen minutes if fame – this is years and years of WA gaining a larger and larger slice of the Australian economy. Of course, the boom won’t last forever – but there will be warning signs for all to see before it happens. Just as smart investors realised Perth was undervalued, smart investors will see any bust well ahead of time.
Who is predicting China will bust? When? Why?
Originally posted by gmh454:Originally posted by kingbrown:Perth bust = AUSTRALIA BUST.
Yes, …. your point is ????????????
I really can’t make it any simpler than an “equals” sign with just two words on each side.
In regards to your “point”, here is another way to look at it:
Here’s Mercer’s 2005 city rankings. Perth is lower down the list (93), than Sydney, Melbourne, Adelaide, and Brisbane. Your “statistic” is great for, say, Today Tonight or a Current Affair, but not very useful in the real world.
World’s most and least expensive cities
Source: Mercer Human Resource Consulting, 2005 Cost-of-Living Survey2005
Rank City
1 Tokyo, Japan
2 Osaka, Japan
3 London, United Kingdom
4 Moscow, Russia
5 Seoul, South Korea
6 Geneva, Switzerland
7 Zurich, Switzerland
8 Copenhagen, Denmark
9 Hong Kong, Hong Kong
10 Oslo, Norway
11 Milan, Italy
12 Paris, France
13 New York City, United States
13 Dublin, Ireland
15 St. Petersburg, Russia
16 Vienna, Austria
17 Rome, Italy
18 Stockholm, Sweden
19 Beijing, China
20 Sydney, Australia
20 Helsinki, Finland
22 Douala, Cameroon
22 Istanbul, Turkey
24 Amsterdam, Netherlands
24 Budapest, Hungary
26 Abidjan, Côte d’Ivoire
27 Warsaw, Poland
28 Prague, Czech Republic
29 Taipei, Taiwan
30 Shanghai, China
31 Bratislava, Slovak Republic
32 Düsseldorf, Germany
33 Luxembourg, Luxembourg
34 Singapore, Singapore
34 Frankfurt, Germany
36 Dakar, Senegal
37 Munich, Germany
38 Berlin, Germany
39 Tel Aviv, Israel
40 Glasgow, United Kingdom
41 Athens, Greece
41 Brussels, Belgium
43 Barcelona, Spain
44 Los Angeles, United States
45 White Plains, United States
46 Madrid, Spain
47 Birmingham, United Kingdom
48 Zagreb, Croatia
49 Hamburg, Germany
50 Hanoi, Vietnam
50 San Francisco, United States
52 Chicago, United States
52 Beirut, Lebanon
54 Riga, Latvia
54 Kiev, Ukraine
56 Ho Chi Minh, Vietnam
57 Miami, United States
58 Algiers, Algeria
59 Casablanca, Morocco
60 Tallin, Estonia
61 Lyon, France
61 Honolulu, United States
63 Shenzhen, China
64 Abu Dhabi, United Arab Emirates
65 Guangzhou, China
66 Lisbon, Portugal
67 Amman, Jordan
68 Melbourne, Australia
69 Auckland, New Zealand
70 Houston, United States
71 Jakarta, Indonesia
72 Kuwait City, Kuwait
73 Dubai, United Arab Emirates
74 San Juan, Puerto Rico
75 Almaty, Kazakhstan
76 Wellington, New Zealand
76 Ljubljana, Slovenia
78 Washington, D.C., United States
79 Boston, United States
80 Morristown, United States
81 Sofia, Bulgaria
82 Toronto, Canada
83 Atlanta, United States
84 Brisbane, Australia
85 Leipzig, Germany
86 Manama, Bahrain
87 Vancouver, Canada
88 Riyadh, Saudi Arabia
89 Jeddah, Saudi Arabia
89 Adelaide, Australia
91 Vilnius, Lithuania
91 Accra, Ghana
93 Perth, Australia
94 Denver, United States
95 Mexico City, Mexico
96 Lagos, Nigeria
97 Cairo, Egypt
98 Calgary, Canada
99 Santo Domingo, Dominican Republic
100 Limassol, Cyprus
101 Detroit, United States
102 St. Louis, United States
103 Seattle, United States
103 Bucharest, Romania
105 Kingston, Jamaica
105 Mumbai, India
107 Montreal, Canada
108 Guatemala City, Guatemala
109 Cleveland, United States
110 New Delhi, India
111 Pittsburgh, United States
112 Portland (Ore.), United States
113 Bandar Seri Begawan, Brunei
114 Panama City, Panama
115 Monterrey, Mexico
116 Johannesburg, South Africa
117 Kuala Lumpur, Malaysia
118 Lima, Peru
119 Nairobi, Kenya
119 Winston-Salem, United States
119 São Paulo, Brazil
122 Ottawa, Canada
123 Lusaka, Zambia
124 Rio de Janeiro, Brazil
125 Bangkok, Thailand
126 Tunis, Tunisia
127 Dacca (Dhaka), Bangladesh
128 Santiago, Chile
129 Tehran, Iran
130 Blantyre, Malawi
131 Tianjin, China
132 Colombo, Sri Lanka
133 Bogotá, Colombia
134 Harare, Zimbabwe
135 San José, Costa Rica
136 Karachi, Pakistan
137 Quito, Ecuador
138 Chennai (Madras), India
138 Caracas, Venezuela
140 Montevideo, Uruguay
141 Bangalore, India
142 Buenos Aires, Argentina
143 Manila, Philippines
144 Asunción, ParaguayThe most expensive countries in the world:
U.S = 100 (see source)
1. Japan (138)
2. Norway (123)
3. Denmark (116)
4. France (116)
5. Hong Kong (113)
6. Switzerland (109)
7. United Kingdom (109)
8. Iceland (106)
9. Austria (104)
10. Finland (103)
11. Netherlands (100)
12. Sweden (99)
13. Singapore (98)
14. South Korea (97)
15. Germany (95)
16. Ireland (94)
17. Australia (93)
18. Belgium (93)
19. Russia (92)
20. China (90)
Source: This cost of living index is compiled by the Economist Intelligence Unit (www.economist.com) for use by companies in determining expatriate compensation: it is a comparison of maintaining a typical international lifestyle in the country rather than a comparison of the purchasing power of a citizen in the country. The index is based on typical urban prices an international executive and family will face abroad. The prices are for products of international comparable quality found in a supermarket or department store. Prices found in local markets and bazaars are generally not used. New York City prices are used as the base, so United States equals 100.Picking one dodgy statistic to make a point is SO last year.
Fun facts :
WA produces 40% of Australia’s export revenue. Yes, forty percent.
In other words, Perth bust = AUSTRALIA BUST.
say no more…
Perth ‘more expensive than Sydney’Ben Sharples
November 03, 2006 12:00pm
Article from: AAPPERTH is set to overtake Sydney for the title of Australia’s most expensive property market, with those on the east coast stagnating, an industry analyst says.
Property information group Australian Property Monitors (APM) also warns that another interest rate rise next year will have a significant impact on the nation’s property market.
The resources boom is driving up property prices in Perth and Darwin, with APM saying the margin between median house prices for Australia’s most expensive capital city, Sydney, and Perth is now only 5.5 per cent.
Frank,
CO2 is what helps us maintain our planets greenhouse, and therefore our happy temperature range.
CO2 levels are therefore directly related to the Earth’s temperature.
We have records dating back hundreds of thousands of years relating to CO2 levels, using ice core samples from Antarctica.
The CO2 levels since 1800 (industrial revolution) have been increasing rapidly, in the last 30 years, they have been increasing extremely rapidly.
OK Frank – you with me so far?? We can directly measure CO2 levels for hundreds of thousands of years, and we can directly see that CO2 is what keeps our earth warm….
..and we have MEASURED that the CO2 evels of recent decades have been far higher than at any time in the last several hunded thousand years… (in fact, several hundred percent higher than at any time in the last 750,000 years)
..and we MEASURED that last year was the HOTTEST on record…
Its quite simple isn;t it??? A primary school kid could see it…
Heck – EVEN JOHN HOWARD is now seeing it.
Increase CO2 = increase in temperature.
Increase in temperature = melting ice.
Melting ice = rising sea levels.
What is there to debate?
Nothing.
If you have ONE reason why you know better than the worlds scientific community, please say so.
Its time to wake up, Frank.
Originally posted by smoothsatin:
Look at all suburbs with significant non white Aussie populations, they are all low property prices.You sir, are an idiot.
Frank, scientific consensus has been for sometime that human related increases in CO2 have produced a thickened atsmosphere, and therefore the greenhouse effect is heightened, leading to increases in temperature.
CO2 levels have been related to global mean temps for as long as we can get data for (hundreds of thousands of years – using ice cores from Antarctica).
People who disagree on global warming are now juts like those who once proclaimed the earth was flat.
Do your research, your opinion is very outdated.
Nobody said this time its different?
Where did you get YOUR salary stats from, gmh?
According to ABS, May 2006:
NSW average adult wage is FOUR DOLLARS more per week than WA.
Follow the trend, by now, WA is the highgest.
I just spent 8 months at a mid-tier accounting firm in Perth (no, I am not an accountant!).
But I can tell you – 100k salaries are very common now. By “recent grads” I mean a few years experience. You can “think” what you want, I can tell you, it is increasingly common.
I could go on, but the FACTS are that WA is the powerhouse of the Australian economy, producing 40% OF ALL OF AUSTRALIA’S EXPORTS (with 10% of the population).
The WA economy is absolutely staggering, growing at a rate more than triple that of NSW. We are talking China growth rates – with no end in site.
Why would’nt you buy in WA??? Give me ONE good reason.
Perth info:
After reading this post, there seems to be some confusion about “why” Perth is still booming.
All of these facts can be confirmed:
* Currently the lowest unemployment in Australia. In fact, the lowest unemployment EVER recorded in any city of Australia.
* Second highest (highest now?) average wage in Australia.
* The houses in WA are generally larger, on larger blocks of land. Compare inner city Perth to inner city Melb or Sydney, the houses and land in Perth (especially the land) are larger. Comparisons are apples v oranges.
* Wages are now high across the board – situations such as recent accounting grads are now getting paid 100k, not just the “laborers and miners” you read about.
* Perth is the second fastest growing city in Australia (after Brisbane). This is a long term trend. Currently 100 people a day (approximately). This is a large number for a city of only 1.5 million.
* The commodities market will of course cycle, but – the world will need more resources in the next few decades than it has ever needed. WA has A LOT of resources, and can meet demand.
There is so much misconception about Perth from the “rest” of Australia. My opinion is that if people REALLY new what Perth was like, prices would be even higher.
On another popular property forum, I stated that the Perth median would EASILY crack 400k this year (I stated that about 18 months ago). There was utter disbelief. Well, we know how that one turned out.
Perth will EASILY become the highest median price in Australia, surpassing Sydney, I would expect within 6-12 months. Do the numbers – it won’t take much of a fall in Sydney, nor much of a rise in Perth for this to happen.
I own in Melb, Sydney, and Perth. My next purchase will be in Perth, based on CG alone. I have lived in all three cities – all are magnificent, but Perth hits the sweet spot in so many regards.
For example, I have just made an offer on a 850sqm block with house less than 6kms (about 10 minutes peak hour drive) from the CBD, less than 1 km from the Swan River, that is zoned triplex. Price – $380k.
126k for a block of land in a state that is booming with high wages, low unemployment, and great weather???
THAT is a bargain.
Now back to lurking.
