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WA Perth is entering Boom cycle

Discussion in 'Where to Buy' started by Ald, 12th Nov, 2016.

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  1. Ald

    Ald Well-Known Member

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    NSW
    Iron ore price is up

    Gas price is up

    Coal price is up

    Yesterday iron ore price shot up.

    WA State debt will decrease by 2 billion thanks to that increase in iron ore price.

    Few people know this but iron ore companies are busy making an absolute fortune at the moment. They are making more money now then when iron ore was $140

    FMG for instance used to have its cost of producing a ton at about $85. It's now about $15.
    They are making huge profits. Similar story for all the others.

    And it's going up further. The demand for steel has begun. Trump announced a massive infrastructure build for America.

    Perth is going to be the talk of property investor headlines in 1 years time.
    I know that in September all the consultancies in Perth involved in mining began getting some jobs.
    The mood in Perth has lifted and things are happening. My friend who owns a company doing mining engineering work and science has said that in ten years time they have never had a busier month then October. They are the last ones standing and so they are now picking up all the clients that used to be spread amongst many consultancies. They are hiring like crazy and today have negotiated 3 million dollars of work that all arrived from a mining company yesterday, who's share stock price is appealing, I am also buying after I read the annual report this weekend. Do you realise that if you had bought FMG stocks in January you would have made 500%? Beats all property investments. twiggy bought a huge amount of shares in his company a few days ago.

    So here is my advice to those who want to make money on Property. Go buy in Perth.
    The best suburb is that pocket of Karrinyup, the southern part where Gamble way is and towards the beach. You can read my old posts on why that is so. It's has a combination of things that nothing else in Perth has. I have now got a disclosure to make, which I never had before. I am settling on a property transfer there as we speak. I have sold in Mt Lawley and moved my money from there to Karrinyup for so many reasons.
     
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  2. thatbum

    thatbum Well-Known Member

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    Just no. Too early.
     
  3. Perthguy

    Perthguy Well-Known Member

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    Please not yet. I haven't found a block yet for my PPoR
     
  4. Ald

    Ald Well-Known Member

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    It's happening already.

    It's not my fault. I am not the one who has predicted this, it has caught me with my bathers off. I never predicted a recovery of iron ore above $40 when January 2016 was here. I never even knew the miners could get their costs so low.
     
  5. bob shovel

    bob shovel Well-Known Member

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    It's boom time!!! ....But only if everyone bands together and buys in 1 suburb at the same time!
    Let's make (1 suburb of) Perth great again!
     
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  6. jins13

    jins13 Well-Known Member

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    I do hope that the poor investors who bought into Perth can make some recovery from their earlier purchases.
     
  7. ndpjai

    ndpjai Well-Known Member

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    Agree that io coal prices increase but Too early to commit purely speculative.

    If Trump doesn't deliver promise. Most important is us-china trade relationship. Lot of factors to be considered so Wait at least till mid next year.
     
  8. bob shovel

    bob shovel Well-Known Member

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    Let us also pray for those who have bought in mining towns and those that have bought blindly and those who have recently bought in Sydney. I'm also praying for tonight's lotto numbers :p lol
     
  9. ZachAnsel

    ZachAnsel Well-Known Member

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    In my view its far too early, 3-5 years from now
     
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  10. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Location:
    nsw
    Boom is long over all the mines have been constructed everyone has gone back home to ireland and nz nothing more to see here.
     
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  11. D.K

    D.K Active Member

    Joined:
    18th Jun, 2015
    Posts:
    35
    Location:
    WA
    Early but yes agree with you that large scale resource companies are making more cash than ever by streamlining and non essential jobs being culled.

    I also find it amusing that eastern state members have the insight to know what is actually happening on the ground in WA.

    Stay Calm
     
  12. DaveyB

    DaveyB Well-Known Member

    Joined:
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    Location:
    Adel
    Surely this is a joke - what evidence you have that iron spike translating to housing to demand? Because your friend 'said so' zzzzzz

    Let's compare notes in six months

    QUOTE="Ald, post: 305694, member: 6121"]Iron ore price is up

    Gas price is up

    Coal price is up

    Yesterday iron ore price shot up.

    WA State debt will decrease by 2 billion thanks to that increase in iron ore price.

    Few people know this but iron ore companies are busy making an absolute fortune at the moment. They are making more money now then when iron ore was $140

    FMG for instance used to have its cost of producing a ton at about $85. It's now about $15.
    They are making huge profits. Similar story for all the others.

    And it's going up further. The demand for steel has begun. Trump announced a massive infrastructure build for America.

    Perth is going to be the talk of property investor headlines in 1 years time.
    I know that in September all the consultancies in Perth involved in mining began getting some jobs.
    The mood in Perth has lifted and things are happening. My friend who owns a company doing mining engineering work and science has said that in ten years time they have never had a busier month then October. They are the last ones standing and so they are now picking up all the clients that used to be spread amongst many consultancies. They are hiring like crazy and today have negotiated 3 million dollars of work that all arrived from a mining company yesterday, who's share stock price is appealing, I am also buying after I read the annual report this weekend. Do you realise that if you had bought FMG stocks in January you would have made 500%? Beats all property investments. twiggy bought a huge amount of shares in his company a few days ago.

    So here is my advice to those who want to make money on Property. Go buy in Perth.
    The best suburb is that pocket of Karrinyup, the southern part where Gamble way is and towards the beach. You can read my old posts on why that is so. It's has a combination of things that nothing else in Perth has. I have now got a disclosure to make, which I never had before. I am settling on a property transfer there as we speak. I have sold in Mt Lawley and moved my money from there to Karrinyup for so many reasons.[/QUOTE]
     
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  13. Perthguy

    Perthguy Well-Known Member

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    I am still up :)
     
    Propin likes this.
  14. JDP1

    JDP1 Well-Known Member

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    Yeah. will have to wait to see what happens. too early to say resources have hit bottom and are on their way up in a sustainable manner.
    Might, might not... just have to wait it out a bit and see.
     
  15. radson

    radson Well-Known Member

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    Balmain
    I agree with the general sentiment. I am just waiting for vacancy rates to tighten up. Its close
     
  16. JDP1

    JDP1 Well-Known Member

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    Only if you have the cap and t shirt....:)
     
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  17. wombat777

    wombat777 Well-Known Member Premium Member

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  18. chesterfield

    chesterfield Well-Known Member

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    Location:
    Perth
    Very funny Bob, watch this become reality
     
  19. MTR

    MTR Well-Known Member Premium Member

    Joined:
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    Posts:
    9,467
    Location:
    Perth, Melbourne, USA
     
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  20. WattleIdo

    WattleIdo rentvestor Premium Member

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    Riverina NSW
    Which is exactly why there's still a way to go yet.
     
    bob shovel likes this.