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The state of the economy at the street level

....and privacy, though wish we were in the middle of 50 acres instead of 6, even though we are very well treed/hedged.
I guess we can be deemed lucky as the neighbour on our West is on 100 acres and hardly see him. Behind (North 50 acres) never seen this neighbour and on the East (50 acres) occasionally see them.
Only noisy bar**tard around here is me.
 
Hopefully things pick up.

Whyalla steelworks, Orora glass, Sydney Fish Market all significant businesses and all in the news just this week as being in financial difficulty.

Added to the ongoing drama with construction and hospitality this is starting to sound a little too much like 1990 for my liking. :2twocents
 
Talking to old suppliers they ain't getting any new work orders. Lots of government stuff like schools and such though.

Was talking to some guys I trained up and they were telling me that something with subbies contract limits could be $150k of work but if they hired aboriginal they could go to $250k (govt jobs). Felt like this was trash policy. I hired aboriginals based on merit, the guys I had were extremely good workers and able to think out of the box. Not this token blackie bs they seem to be implementing.
 
In inner west Sydney, a body corporate has had close to $800k in sinking fund for upgrades just sitting there. The DA was approved in 2021 but the usual squabbles and lack of interest has meant not even a project manager appointed, let alone any progress. Now, they've gone to tender and got 5 expressions straight up.
 


Kind of like how DEI programs are on the chopping block, interesting to note what happens when money starts to get tight hey?

Victoria is already the most indebted state in the whole country too if memory serves. According to the RMIT economist in the piece: "The fiscal crisis the government has put itself in is a very substantial one".
 
Not to worry too much about Govt employees Mr. Frog.
There is an unlimited money supply to pay all of them and more.
The taxpaying worker of course.
They may already be on their knees, but what the heck does the Government of the day rally care??
 
I'm starting to see a lot more apartments up for sale. My usual driving route takes me through established suburbs with high income residents, which have been building apartment blocks like Lego land for the past 10 years. There is always for sale signs going up, and they disappear very quickly as they sell. during the past few weeks, I thought I noticed an increase in 4 sale signs, and over the last few days I can confirm that there is definitely a big increase for sale.

I wonder what that means. People cashing in, upgrading, or has supply finally catching up with demand?
 
I'm starting to see a lot more apartments up for sale. My usual driving route takes me through established suburbs with high income residents, which have been building apartment blocks like Lego land for the past 10 years. There is always for sale signs going up, and they disappear very quickly as they sell. during the past few weeks, I thought I noticed an increase in 4 sale signs, and over the last few days I can confirm that there is definitely a big increase for sale.

I wonder what that means. People cashing in, upgrading, or has supply finally catching up with demand?
Where are you?
 
I'm starting to see a lot more apartments up for sale. My usual driving route takes me through established suburbs with high income residents, which have been building apartment blocks like Lego land for the past 10 years. There is always for sale signs going up, and they disappear very quickly as they sell. during the past few weeks, I thought I noticed an increase in 4 sale signs, and over the last few days I can confirm that there is definitely a big increase for sale.

I wonder what that means. People cashing in, upgrading, or has supply finally catching up with demand?
Perhaps upgrading, downgrading or just cashing in for a good profit, and then move to where.
Become a Grey Nomad traversing the width and breadth of this great Continent!!!
 
I'm starting to see a lot more apartments up for sale. My usual driving route takes me through established suburbs with high income residents, which have been building apartment blocks like Lego land for the past 10 years. There is always for sale signs going up, and they disappear very quickly as they sell. during the past few weeks, I thought I noticed an increase in 4 sale signs, and over the last few days I can confirm that there is definitely a big increase for sale.

I wonder what that means. People cashing in, upgrading, or has supply finally catching up with demand?
The same is happening where I live in W.A, the prices have been stagnant from 2010 - 2020, now prices have doubles, owners who have held properties for a long time are making hay while the sun shines.
People who have been in the property game for a long time, know that this doesn't last forever, FOMO dries up then buyers disappear when things get tight and Govt pump priming isn't sustainable. :2twocents
 
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