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Whyalla: the new Moranbah ?

Discussion in 'General Property Chat' started by Skilled_Migrant, 7th Apr, 2016.

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  1. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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  2. SirDingo

    SirDingo Well-Known Member

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    Whyalla = Why bother? :D
     
  3. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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  4. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    The difference really is that unlike Moranbah, Whyalla wasnt spruiked by every "expert" and their pet dog Spruiker, while all the mum and dads piled on with $ in their eyes for the $2000pw rents.

    Apart from Park Trent, few spruikers were mentioning it and its been a steady decline area for years.
     
  5. Joshwaaaa

    Joshwaaaa Well-Known Member

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  6. HUGH72

    HUGH72 Well-Known Member

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    Just what I was thinking, what a goose.
     
  7. jim1964

    jim1964 Well-Known Member Premium Member

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  8. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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  9. Joshwaaaa

    Joshwaaaa Well-Known Member

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    Would be nice to have a state government the supports it's own for once. Adelaide oval redevelopment and the new RAH building all imported steel.

    We are a steel supplier in Adelaide so get to see all the joy of it
     
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  10. pinkboy

    pinkboy Well-Known Member Premium Member

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    Having recently bought a property off Arrium, I can assure you their actions and decisions before, during and subsequently after the sale reflect the type of 'management' this company has been under.

    Looks like my $1mil odd contributed to zip in the grand scheme of things.

    pinkboy
     
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  11. R377

    R377 Well-Known Member

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    whyalla - another terry ryder favourite hotspot....
     
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  12. willair

    willair Well-Known Member Premium Member

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    The share went into a trading halt yesterday,now the final punch,and with SA having some of the highest unemployment numbers in the country,something like this with all the supply chains could number above 10,000 people not good in anyway..
     
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  13. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Effects the future projects as well. There was some talk of rail expansion earlier, but that has been shelved as well.
    Car industry yet to close down fully. Not looking good for SA.
     
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  14. dabbler

    dabbler Well-Known Member

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    LOL...same here, remember my wife asking me, what is he doing
     
  15. HUGH72

    HUGH72 Well-Known Member

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    Sounds like the 10,000 jobs at risk are spread around the country
     
  16. willair

    willair Well-Known Member Premium Member

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    Yes it would be a big spread all over Australia,some of the poor buggers who have been there for over 20 years,would find it very hard,but BIGbill shorten seems to know what to do with all the media,and labor's robin hoods policy plans..
     
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  17. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Bill Shorten did not:
    Tax payer guarantees of banks and banker's speculation (Macquarie drags taxpayers on global junk binge - MacroBusiness) is ok, but supporting local industry is not :confused:.
     
    Last edited: 8th Apr, 2016
  18. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    @willair what happened to the deleted comment "from the silent...." It was just getting interesting. Care to elaborate about the Panama Papers ?
     
  19. willair

    willair Well-Known Member Premium Member

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    Just something that people send me for free,most is just noise or it may be a simple one page signal that spreads that wide in worldwide financial economics,as no one is good on dominating the odds..

    [​IMG]
     
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  20. JDP1

    JDP1 Well-Known Member

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    Why is any of this surprising? As unfortunate as it is, the sa govt saw this coming. ..as did many others who know steel is cyclical and currently in oversupply (and been for a while) hence margin squeeze and high cost producers like this company are going be under pressure.
     
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