What's next for Brisbane jobs

Read my post..I'm saying Brisbane is a good place to invest... irrespective of whether I invest there or not..does not mean I am wrong. Not really contradictory either. People comment on shares and many other investments without much themselves...and that does not mean they are wrong... Similarly, has nothing to do with whether I invest there or not...
If my posts are trump-style with the sole intent to deceive..then yes....

 

No one said anything abt being absolutely wrong . Yes ppl just comment on a lot of things hahah just urs is 1000% more on the average topic. And yes u can invest elsewhere but creditability to ur post which really is an Internet forum so who cares right? You could post buy before u regret but I bought elsewhere just FYI.

Also how could I read ur historical post s on Brisbane when I am blocked in viewing ur profile hahaha. Is that a technical error ?

Why drag trump into all of this ? You're no trump in that manner and some the the posts are more comical then to deceive no offence.

 

I think @JDP1's post are a bit of fun...

 

I agree. I apologise @JDP1 if my posts were anyway offensive. Just keep posting. I'm off to visit villa and have dinner

 

Enjoy your holiday

 

maybe we all need a holiday so pc doesn't regress too far

 

I think its useful to look in detail at the QLD economy. (keeping the discussion relaxed). There is so much investor interest here atm, its a very relevant topic.
The worst seems to be over for the QLD economy, based on news articles, the RBA, Fin Review etc.
As @JDP1 points out, QLD is diversifying.
"“Data released across the past month has provided further indication that momentum is continuing to build in the Queensland economy, following relatively weak performance across the past two years,’’ Chamber of Commerce and Industry Queensland’s latest Economic Update, released today, says"

It wasnt that long ago the Chamber of Commerce was publicly saying it was quite worried. So if in the last 2 years the QLD economy was struggling, but those of us with house stock here mostly saw quite reasonable gains in that time, then I am looking forward to the next couple of years as the economy slowly ramps up and the megaprojects come online.
One difference now to the previous 2 years is the oversupply. I think rents wont go up by much across the board and units will struggle. But houses are going to go well even if the yield is slightly reduced. That's my feeling.

 

One thing I have not kept up with is the state government and their rate of spending. Does the QLD government have more money to spend or invest in major infrastructures? Previously I heard that they don't have much money left.

 

I'd like to learn about this as well. Maybe @JL1 @Whitecat and @JDP1 would have more information

 

So go take a look at financial reports. 2015-2016 Ergon/energex, made a 900milon dollar operating profit for 12 months, combined. however these next 12 months will be a different story due to cyclone debbie will have hit bottom line a lot due to a lot of infrastructure being replaced. Also I know there is directives from government is now foccussing on getting staff into the region, not SEQ, and that all outsourcing or vendor support they want done from qld based offices, is now the also latest push. Interestingly a number of different vendors have had their offices now pop up in fortitude valley..when they were previously entirely based out of state. This push seems to be working.

 

No idea about state government coffers.
I'm seeing more jobs in Brisbane - both private abs public sector. This is a very good sign. Watch and see what's going to happen in the next 6 plus months.
Don't be surprised if interstate migration increases a bit...likely not significantly.. But an increase by a moderate yet healthy rate driven more by jobs rather than more by it being cheaper.

 

Around $40bn under in QLD last time i checked. Not sure if that was current or projected a few years out, but either way theyre at the end of their teather

 

I knew you'd have the info, thanks

 

I am working in the IT industry in Brisbane... From my observations, the job market in IT field is really strong, OnTheHouse group (bought by Macquarie Bank) has been looking for 40-60 Software developers (Frontend and Backend) since this year and looks like they are still seeking... CoreLogic group has recently opened a new office in Brisbane and hiring Software engineers... I could give you many more examples... and we have many well-funded start-ups as well... I averagely receive 2-3 Linkedin emails every week.

 

Government infrastructure spending is one of the main culprits hamstringing Brisbane now. Mining investment having tailed off the construction phase has left a big hole to fill in the economy, this has been taken up slightly by residential developments in the inner ring but resi construction will never deliver the same numbers as infrastructure.

A few years ago we had a big binge on tunnels, bridge and hospital upgrades, the next cab off the rank needs to be the cross river rail link to provide a second rail crossing from the south. This has been horribly mismanaged by both govt parties in their respective terms. It was proposed 10 years ago now and still nothing. The original business case has the merivale street bridge at capacity for trains by 2016. Luckily theyve managed to reduce patronage through ****** service and extortionate pricing for public transport.

If/when this gets off the ground and combined with the proposed BCC metro busways it will be a circ 7bn project that will get public transport in the city into the 21st century.

 

Was with a colleague from China recently and we wen to catch the train from Fortitude Valley to the city. Went to the window to get a ticket. I thought he said $1.50 so that is what I passed over. He said no $4.50. What a joke, we walked. It's only about 1km.

Conversely, last week I was in Newcastle and caught the train to Sydney. The 150+ km trip cost only $10.

 

I don't know if i can add much more to what the others have said as i agree with their statements. The state govt is in debt. This limits what they can do. Although borrowing for public infrastructure isn't such a bad idea imho. The Fed govt is not being particularly helpful even though cross river rail is identified as one of the most important national infrastructure projects. I could be wrong but they may be delaying funding so the labor govt doesn't get the announcement. I have seen that commentary even in conservative press. Although last I heard was they were waiting for a business case. I feel there is a momentum there this time and we will see the work start before too long one way or another.
In the meantime the Metro is being progressed with planning by BCC. Unfortunately it doesn't appear it will be electric but bendy buses on a busway every 2 minutes between herston (eventually chermside) and eight mile plains.i think this is a missed opportunity not going electric but it will still be very helpful to have the metro to clean a lot of the buses that go to the suburbs out of the cbd.instead you get on your suburban bus a little bit out if the city via the metro.
The huge Queens Wharf has started with demolition. 10% of the cbd 13ha has been given to foreign casino operators connected with money laundering for the north Korean nuclear program. I'm not opposed to development there but i think we need some genuine parklands out of the deal. That's what people remember about cities. Nonetheless when completed it will be a massive change for the cbd (even if it's not as good as it could be with greenspace refer barangaroo for an example of how to do it better). Anyone who hasn't watched a YouTube video flythrough should check that out. It will be quite a big change.
Howard Smith wharves is in the procurement stage to get a builder. That's going to be a very nice precinct.
300 George shooting up.
Cruise terminal progressing.
Extra runway in middle of construction.
Oh and designs being sourced for a fountain in the river.
Personally I feel that the downturn in mining is not such a bad thing for Queensland forcing some innovation to take place in terms of the economy. As @JDP1 points out, more is happening now in other areas.
Pauline Hanson needs to STFU and we need more asian interest although note that's slowly increasing. I posted recently about the 31% gain in St Lucia last year wondering why. Just read an unrelated article where an agent for the near area was saying she was unusually getting 4 top Chinese offers on a house because of the uni. That might explain the 30%.

 

...and have no kids.

 

That was not the point I was making... buying pre boom vs. post boom means you'll have for example a 400k mortgage vs 700k mortgage. Being in the market already for a few years in Sydney means your loans will be significantly lower than if you bought mid or post boom.

If you have great money habits you really can pay off a loan quickly... firstly being very discipined to pay off more than required, and you can also be creative like have someone rent out a room in your home. By doing things like this you really can pay off a loan quickly.
My sister paid off their first home when she was 30. Then they had kids. But they were aggressive with their loan, even though some of it was fixed at over 8% (the peak). They had a friend rent out one of their rooms for about 2 years.

Btw... Sydney imo is much too expensive for FHB. Brisbane is affordable.

 

I toyed with this idea for WA when it was clear Labor were going to win, and that's why Turnbull didn't even bother showing up in the state. WA now has the highest unemployment and tanking economy, and the fed response is to effectively lower their GST share.

Ultimately though the Fed's problem is that they are burning $50bn deeper/year. in 10 years, national debt has gone from $58bn to $551bn and there is no sign of slowing under current spending. It's actually quite phenomenal how fast national debt is increasing. As a quick reference:

Australian government debt - Wikipedia

The big risk now is a down-grade of the Australian credit rating. Can guarantee that no federal government wants that to their name, especially in their second term in office.