Adani approved

Discussion in 'Property Market Economics' started by PMC Property, 13th Jun, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. PMC Property

    PMC Property Sydney, Brisbane, Newcastle, Toowoomba Business Member

    Joined:
    1st Jul, 2015
    Posts:
    1,127
    Location:
    Australia
    Impact on Qld property markets? Discuss!

    - Andrew
     
    Last edited by a moderator: 14th Jun, 2019
  2. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,474
    Location:
    Sydney
    I'm hoping for the values and rents of my Rockhampton properties to go back up to 2012 levels.
    But I'm even hoping much, much, much more than that, that the Adani mine doesn't go ahead! C'mon lack of insurance!
     
  3. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    3,764
    Location:
    ..Sunny Brisbane...
  4. Thedoc

    Thedoc Well-Known Member

    Joined:
    7th May, 2018
    Posts:
    88
    Location:
    Central coast
    Adani has been approved and will begin construction within days. This is a fairly big win for the unemployed in Qld and no doubt great for the states sentiment. How do people think it will affect property prices in Rockhampton etc?
     
  5. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    3,113
    Location:
    Hunter Valley
    What jobs? Even Adani has stated that, once construction (1,500 or less jobs) is complete, the permanent workforce is around 100.

    The government sold out our environment for a mere 100 jobs that could easily be outstripped if they encouraged the opening of a solar panel plant, or lithium/hydrogen plant, or electric car assembly plant

    "Earlier this week, water experts from four Australian universities issued a joint report detailing what they called Adani's "severely flawed" water science."

    "Adani also promised to fix the "modelling limitations" identified by the CSIRO and Geoscience Australia within two years of the first coal being mined."

    Final Adani decision to be revealed today

    10,000 jobs promised - now down to less than 100 full time ... with experts predicting it will cost around 4,000 direct jobs as less efficient mines are forced out of business

    Adani jobs explained: why there are new questions over Carmichael mine

    "The mine would cover much of the best remaining habitat for the endangered black-throated finch ... Instead of establishing a finch conservation reserve, the Adani plan proposed what was in effect a paddock"

    Why Adani's finch plan was rejected, and what comes next
     
    Last edited by a moderator: 14th Jun, 2019
    wategos, Lambo, gman65 and 4 others like this.
  6. gman65

    gman65 Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    686
    Location:
    Brisbane
    Little change to surrounding areas...and a much shorter life than promised...public being sold a big lie with this one.

    Anyhow people can believe all the BS, but in a few years time don't expect much to change.

    There is an "unexpected" freight train coming head on towards Australia, and that is the end of growing thermal coal demand. The sooner we can take preventative action to switch our economy the better.

    The long term price for coal is going down down down...
     
  7. Lambo

    Lambo Active Member

    Joined:
    15th Jul, 2015
    Posts:
    41
    Location:
    Brisbane
    Most of the jobs will probably be in Brisbane. Uni grads operating trains and machinery from their desktop computers. Need less and less people to run a mine these days.
     
  8. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    2,052
    Location:
    Australia
    Yeah I also hold shares in AMP so hope they're making sure their employees are productive;)
     
    Codie likes this.
  9. investoradam

    investoradam Active Member

    Joined:
    15th Jan, 2017
    Posts:
    36
    Location:
    WA
    You don’t work in mining and clearly have zero idea in what you are on about!

    Just listen to to much propaganda from the abc & read the dribble from the guardian!


    The owner is using his own money and has passed over 100 different challengers from lobby groups and environmental firms and won every single challenge!

    Since the mine was first proposed there has been several mines opening up, expanded during that time BMA bhp have built 2 of those and expanded cavil ridge twice since to a sun of 13 billion dollars all up

    If you have ever worked in mining you’d know the sheer scale of the people that will be involved and the trickle down effect of the supply line. On sites similar proposed since that are already operating I’ve been on and you will reach over 1000 people swipe through the gate in a 24 hr period alone!

    So as I tell to all the people who oppose the mine are emotionally invested, is at least learn the very basics to what is actually going on
     
    Last edited by a moderator: 14th Jun, 2019
    jimmy, craigc, Toon and 2 others like this.
  10. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    3,113
    Location:
    Hunter Valley
    Just goes to show you know nothing about me

    However, perhaps you need to do some reading. If the link does work, as it is a "download" document, then google "Galilee Jobs Impact - Parliament of Australia" ... but see how this goes

    https://www.aph.gov.au/DocumentStore.ashx?id=4d4ba3a4-440d-40a5-8345..
     
    Last edited: 14th Jun, 2019
    Angel likes this.
  11. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    3,113
    Location:
    Hunter Valley
    I'll give you a hint ... look at my location.

    Surprisingly to some, a lot of those who work in coal (in our area) are more green and activist than latte sipping Melbourne-ites. Probably because we see the destruction, and lack of future, from the inside.

    As for having to fund it themselves - yep - because NO bank or investment fund in the world would back them
     
  12. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    4,216
    Location:
    Sydney
    Just a reminder that this thread is about the economic issues and impact on property markets from development of the Adani mine - posts about environmental or political issues are off topic here.

    See: Adani mine - environmental impact for environmental discussions
     
    craigc, Lizzie, Traveller99 and 2 others like this.
  13. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,474
    Location:
    Sydney
    Fair enough. Thanks for moving mine instead of taking the easier option of deletion.

    /derailment
     
  14. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    721
    Location:
    australia
    I do and have done so for the last decade. Job creation will be negliable as the economics just dont stack up. This is about bailing out stranded assets at a cost to the tax payer.
     
    Lizzie likes this.
  15. QldKoolies

    QldKoolies Well-Known Member

    Joined:
    28th Sep, 2018
    Posts:
    149
    Location:
    Brisbane
    This will be great for Qld Government, maybe now the Qld Public Service can double in size again. Maybe a prop up for Brisbane’s biggest industry.
     
  16. Angel

    Angel Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    3,828
    Location:
    Paradise, Brisbane
    Sarcasm noted
     
    QldKoolies likes this.