[zaph]

Quote

New research shows the ACT property industry is the most pessimistic in the country.

The Property Council of Australia's annual property industry confidence survey shows confidence in the Territory fell by 8.1 per cent during the last quarter.

Property Council ACT executive director Catherine Carter says almost half of the Canberra's developers expect weaker growth over the next three months.

She says cuts in the Commonwealth public service are affecting confidence in the property sector.

"In Canberra construction starts, particularly in the commercial office environment, is very dependent on Commonwealth Government employment and Commonwealth Government requirements for buildings," she said.

"But at a federal political level, both of the major political parties have indicated or proposed significant cuts to Commonwealth public service numbers so I think that's what creates uncertainty from a property point of view.

http://www.abc.net.a...056?section=act

[mattau]

"Canberra has the highest commercial vacancy rate of any Australian capital city, at almost 14 per cent.About 60 per cent of commercial office buildings in the capital are owned or tenanted by the Commonwealth Government."




That 14% vacancy rate is pretty high for commercial property. yikes!

Perhaps the overdominance of the Cth Govt tenancy has something to do with it. Perhaps not many other private businesses over there to spread the tenancy

[Mr Medved]

Politically speaking, I was thinking if the federal gubment wanted to cut spending that they only cut jobs in Canberra.

A localised depression in Canberra would not really impact the rest of the country/economy at large, at the same time not cutting jobs in other places would keep national confidence at a higher level. At least that's what I would consider.

[cobran20]

Mr Medved, on 13 January 2012 - 02:07 AM, said:

Politically speaking, I was thinking if the federal gubment wanted to cut spending that they only cut jobs in Canberra.

A localised depression in Canberra would not really impact the rest of the country/economy at large, at the same time not cutting jobs in other places would keep national confidence at a higher level. At least that's what I would consider.

... and if they got rid of State governments, the savings would put the country into a big surplus and vastly more efficient and streamlined.

But fat chance on that one.

[staringclown]

I keep asking for voluntary redundancy but they won't have it. I'm not a big enough dud apparently.

Is this false advertising? This chump has an ad for a house and land package on allhomes for $399999. I thought yeehah! - I'll take it. Follow the link and you find the package is $689000. The block only is 400K. And he's trying to sell it at "cost + incurred costs".

They do leave a lovely little quote at the end of the ad.

Quote

“In Real Estate, history depicts, bad decisions in hind side aren’t made through bad decisions, but rather made through indecision!” Act now!!!

bad decisions aren't made through bad decisions?

"hind side" == arse? Which I think is what he is talking out of.

[zaph]

staringclown, on 14 January 2012 - 12:29 AM, said:

I keep asking for voluntary redundancy but they won't have it. I'm not a big enough dud apparently.

Is this false advertising? This chump has an ad for a house and land package on allhomes for $399999. I thought yeehah! - I'll take it. Follow the link and you find the package is $689000. The block only is 400K. And he's trying to sell it at "cost + incurred costs".

They do leave a lovely little quote at the end of the ad.



bad decisions aren't made through bad decisions?

"hind side" == arse? Which I think is what he is talking out of.

but you get a "EER6", isn't that the latest top end BMW? you should buy it.

[staringclown]

zaph, on 14 January 2012 - 01:15 AM, said:

but you get a "EER6", isn't that the latest top end BMW? you should buy it.

I thought it stood for "enjoy equity retrospectively" in 6 months.