WA War should be favouring Perth

Discussion in 'Property Market Economics' started by Skyegirl, 24th Feb, 2022.

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  1. Skyegirl

    Skyegirl Well-Known Member

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    Mining should be booming if the war continues.

    Any thoughts?
     
  2. boganfromlogan

    boganfromlogan Well-Known Member

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    I have only ever heard of one person benefit from War. Margaret thatcher benefited locally from the death and destruction on the falklands.

    No one benefits from war.
     
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  3. sash

    sash Well-Known Member

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    Yes that is correct. If there are embargoes against Russia it will help Australia in minerals areas
     
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  4. Piston_Broke

    Piston_Broke Well-Known Member

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    No the opposite.
    China will stop imports.

    I can think of many starting from Raytheon, Aircraft manufacturers, Securitas, G4S etc
     
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  5. MTR

    MTR Well-Known Member

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    Why
     
  6. MTR

    MTR Well-Known Member

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    Watch share market crash
     
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  7. Piston_Broke

    Piston_Broke Well-Known Member

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    Because they can.
    Biggest losers on the ASX today were miners.
     
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  8. MTR

    MTR Well-Known Member

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    They still need our iron ore
     
  9. gach2

    gach2 Well-Known Member

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    Very short term minded post

    More chances of the economy crashing in my view (pretty limited for now though)
     
    Last edited by a moderator: 25th Feb, 2022
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  10. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    From a real estate perspective, you may have noticed that the 10 year treasury yield crashed. This indicates that the market is pricing lower interest rates in the future. Don't be surprised if this invasion becomes an excuse for two things: 1) fewer interest rate increases (if any in Australia) on account of the uncertainty; and 2) a villain to blame for higher oil prices (and inflation in general), rather than blaming it on lax monetary policy and drilling bans.

    From a human perspective though, tragic.
     
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  11. PropDir

    PropDir Well-Known Member Business Member

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    Can you explain this a little more. I'm curious as to what impact is.
     
  12. MTR

    MTR Well-Known Member

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    Which means the boom continues??
     
  13. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    Exactly.
     
  14. sash

    sash Well-Known Member

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    WA is going to booomm........:p:D
     
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  15. Squirrell

    Squirrell Well-Known Member

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    Lots more incentive for the wealthy to escape europe.
     
  16. Skyegirl

    Skyegirl Well-Known Member

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    My thought was about Lithium and gold. Commodity prices can be forced upwards ( definitely gold, silver, and oil;but others depending on the scale of the impact).

    WA has the world’s largest projected Lithium mine. So when oil price goes up, electric car demand rises and so as the battery and Lithium.

    It’s only my two cents and might be biased.

    What happened has already happened, which wasn’t our choice by all means. Pray for all but just trying to get some ideas at this confusing time.
     
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  17. Lacrim

    Lacrim Well-Known Member

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    The way Scotty and Dutton mouth off, we wouldn't be a safe haven.
     
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  18. Firefly99

    Firefly99 Well-Known Member

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    Yeah and also oil/gas. But it’s hard to think positively about that when it’s caused by war. The whole thing is just sad :(
     
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  19. Ruby Tuesday

    Ruby Tuesday Well-Known Member

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    Of course people can benefit from war. I have some crop land due for lease renewal which will be increased. CBOT grain futures at a 10 year high and could go much higher. 30% of the worlds export wheat, 20% of corn and 90% of sunflower oil comes out of the BlackSea and Crimea ports . Shipping has ceased , 30% of worlds staple food currently taken out, and production inputs such as fertilizer and chemicals cant be shipped in. Grain will be turned into ethanol for energy. Middle east and Turkish food supplies are highest risk. Funny thing a big noise was made about Chinese tariffs, that had zero effect on barley prices, but when something happens which could have big affect nothing is mentioned.
     
    Last edited: 25th Feb, 2022
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  20. Piston_Broke

    Piston_Broke Well-Known Member

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    I recon they want Iron ore, they need coal.

    Then there's sanctions, which would stop imports. So either santions or a boycot and other supply will hurt miners.

    As for profiting there's also many thousands of private security still working in Iraq since the war ended and Afgh for many years with pay starting at $500-1000usd per day. That industry is around 40-50B annually.