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Where the cranes are in Australia

Discussion in 'Property Market Economics' started by Gockie, 7th Apr, 2016.

  1. Gockie

    Gockie Be the change you want to see in the world Premium Member

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  2. Tyler Durden

    Tyler Durden Well-Known Member

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  3. JDP1

    JDP1 Well-Known Member

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  4. HUGH72

    HUGH72 Well-Known Member

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    Can't be correct, there's no IT jobs in Brisbane apparently.:rolleyes::p:p
     
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  5. Tyler Durden

    Tyler Durden Well-Known Member

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    I know I know, most prefer anecdotes.I'm terribly sorry to be forever derailing threads with facts. :p

    @JDP1 should know better than anyone, his job involves offshoring hundreds of other jobs. Bellhops and Barista's, the brave new economy for the SE.

    A cafe with single origin and a Westfield is gentrification right?..Brisbane to the moon! :D
     
    Last edited: 8th Apr, 2016
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  6. JDP1

    JDP1 Well-Known Member

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    haha..not entirely..that was more of a once off..in any case, in a lot of cases its not wrong- think of it as making room for high value jobs. The low value jobs can be done cheaper and more efficiently somewhere else. Just the forces of globalisation. Anyone who fights that might as well invest in a mining town because thats wxactly what will happen :)
     
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  7. datto

    datto Well-Known Member

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    Could also be due to the unseasonally hot weather:

    [​IMG]
     
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  8. Ted Varrick

    Ted Varrick Well-Known Member

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    So the cranes have finally got to what resembles the edges of the swamp land in an obvious effort to trap the unsophisticated (and less paranoid) investors.

    Datto, are you calling the top of the market?
     
  9. datto

    datto Well-Known Member

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    I think the market peaked about 12 months ago in Mt Druitt.

    Do people actually invest outside this area? Sash?
     
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  10. Gockie

    Gockie Be the change you want to see in the world Premium Member

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    New info

    Total crane numbers have peaked across Australian cities, index shows

    If you can't be bothered opening the link, cranes have continued to increase in number in Sydney and Melbourne and have seemed to have dropped off or been stagnant everywhere else.

    Edit:
    Link to full original publication:
    RLB | Publications

    Parramatta itself was written to have 15 cranes, and Epping NSW to have 9 cranes. I am fully aware of building activity going on in these locations. These two Sydney localities meets Perth's total, and beats Adelaide, Canberra.

    Screenshot_2017-04-14-12-38-16.png

    Suburban Sydney residential cranes:
    Location of cranes generally follows the rail lines (which makes sense):
    Screenshot_2017-04-14-12-54-22.png

    Now for the birds... I don't know their locations. But I saw a family of 4 scrub turkeys on my way to work yesterday. Which is double (or more) than what I would usually see. Pity it ain't Christmas?

    20170413_080630.jpg
     
    Last edited: 14th Apr, 2017
  11. big max

    big max Well-Known Member

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    I've said it many times, the Gold Coast has HUGE growth ahead. We are at the start of a massive decade long transformation. We will continue to see cranes and construction on the Gold Coast for many years to come. The easy play here is to buy prime developable land as close to the beach or light rail route as possible.
     
  12. JDP1

    JDP1 Well-Known Member

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    I think everyone should stick north of the Rio grande..
     
  13. Joynz

    Joynz Well-Known Member

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    Did you notice that the number of Gold Coast cranes decreased from the specified year to the next?
     
  14. Scott No Mates

    Scott No Mates Well-Known Member

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    Is the decrease in cranes soley due to completions and few new mooted developments or a change of sentiment? How are DAs tracking?
     
  15. MTR

    MTR Well-Known Member Premium Member

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  16. hammer

    hammer Well-Known Member

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    Go Darwin!!! What an epic fall from grace...

    If ever there was a case study into the risk of high rise, Darwin would have to be it.....
     
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  17. MTR

    MTR Well-Known Member Premium Member

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    LOL
    At least you are taking advantage of the situation
     
  18. hammer

    hammer Well-Known Member

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    Hell yeah! Good for me!

    But I've got a lot of friends who bought 2 bedders for 580k....worth 350 now...if and that's a big if you can find a buyer.....
    Meanwhile rents have tanked cause they built way too many.....this **** is going to take years and years to sort out.

    I was in Brissy the other day......I can see a similar problem on the brew there too...

    Take care out there folks!
     
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  19. MTR

    MTR Well-Known Member Premium Member

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    Perth third on the list..... just shows, don't pay too much attention of this list

    Sounds like Perth, however we are now seeing buyers jumping in, but still price sensitive.
     
  20. Gockie

    Gockie Be the change you want to see in the world Premium Member

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    Sydney crane index over time... Based off all the available data, continually going north.... For the time being, there is still plenty of demand.
    image.png