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Great time to invest in Aus

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  • #16
    Fwiw, this Australian who lives in NZ and owns real estate on both sides of the Tasman thinks....

    Originally posted by mlkmnz View Post
    The grass is pretty much the same colour on the other side. There's just more of it.
    Nice way of putting it.

    Like anywhere, investing in Australia can be whatever you make of it (both very good to very bad and everywhere in between) and in that respect it is no different to anywhere else.

    Originally posted by mlkmnz View Post
    They've some areas still growing, particularly in Queensland.
    That may be the greatest difference. Imho there is greater regionalisation of property markets in Australia (by state, city, region, etc). That brings with it particular opportunities and, of course, risks too.

    M
    Comments may not be relevant to individual circumstances. Before making any investment, financial or taxation decision you should consult a professional adviser.

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    • #17
      Sorry mlkmnz but your comments are simply incorrect.
      Total population growth in Oz for last 12 months including temporary workers and student visas over 700K. Infrastructure spend in Queensland alone 81 Billion.
      capital growth figures outstrip ours consistently. There is little comparison between the 2 countries. I'm yet to meet an Aussie bitching about the government, they're all just glad they are no longer living in NZ :-)

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      • #18
        Originally posted by mlkmnz View Post
        Speak to your average Aussie, they'll bitch about their government as much as ours.
        Originally posted by pooomba View Post
        I'm yet to meet an Aussie bitching about the government, they're all just glad they are no longer living in NZ


        Seems to be a slight bit of confusion there in poomba's post.

        I can bitch about Rudd (or the NSW Government for that matter), but I very much doubt you want me too....

        M
        Comments may not be relevant to individual circumstances. Before making any investment, financial or taxation decision you should consult a professional adviser.

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        • #19
          It's called humour Mark, simply referring to the fact that Aussie is full of kiwis, especially on the Coast.

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          • #20
            Originally posted by pooomba View Post
            Sorry mlkmnz but your comments are simply incorrect.
            No, they're actual official figures, not ones gleamed from an investment brochure. In raw numbers your statements are probably true, but proportionately they are not, which is the critical thing.

            Australia's population growth is greater than ours in sheer numbers, yes, but not as a percentage of existing population.
            Originally posted by pooomba View Post
            Infrastructure spend in Queensland alone 81 Billion.
            Which seems wildly different than the state budget of $14 billion for the next 2 years. What are your figures made up of, and do you actually know what NZ's are in comparison?
            Originally posted by pooomba View Post
            capital growth figures outstrip ours consistently.
            Could I see your data for that, everything I've seen indicates them running neck and neck in recent times. Or is your knowledge localised to one area which is subject to a large amount of net migration?
            Originally posted by pooomba View Post
            I'm yet to meet an Aussie bitching about the government, they're all just glad they are no longer living in NZ :-)
            Hint: A disenfranchised expat Kiwi isn't really an Aussie, and they're certainly less likely to bitch about the place given they've moved their life over there. Try reading a paper there, you'll see they have quite similar issues with the same stuff we do, healthcare is in dire straights there (I believe a set portion of resource consent goes to the health system in QLD), their crime is as bad as ours, unemployment is double, etc.

            It's more of the same dude, seriously. There's just more of it.
            Last edited by mlkmnz; 30-04-2008, 11:45 PM.

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            • #21
              They're spending 13 billion just on roads at Tugun, Brisbane and Ipswich corridor at the moment without everything else and if you think our immigration is proportionately the same as Ozzie you are getting some false info somewhere. 700K net increase 12 months 2007 to 2008 means we would have had 140,000 net increase. What did we have???, nothing like that.
              I could go on but my research leads me to want to invest there anyway. If you don't that's cool :-)

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              • #22
                Originally posted by mlkmnz View Post
                Australia's population growth is greater than ours in sheer numbers, yes, but not as a percentage of existing population.
                According to the Australian Bureau of Statistics, as I type this Australia has a population of 21,287,075 and there is "an overall total population increase of one person every 1 minute and 37 seconds"

                According to Statistics NZ, New Zealand has a population of 4,267,720 and "New Zealand's population is estimated to increase by one person every 11 minutes and 3 seconds".

                Australia's population is 4.99 times as big, and growing 6.83* times as fast.

                That equals a higher growth rate (I haven't been bothered to estimate it).

                M

                * We get one additional person every 663 seconds, Australia gets one additional person every 97 seconds. Nb, there will be significant regional variations in both countries, but that wasn't the question.
                Last edited by Mark_B; 30-04-2008, 11:57 PM.
                Comments may not be relevant to individual circumstances. Before making any investment, financial or taxation decision you should consult a professional adviser.

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                • #23
                  Originally posted by pooomba View Post
                  They're spending 13 billion just on roads at Tugun, Brisbane and Ipswich corridor at the moment without everything else
                  The Queensland state government's figures seem greatly lower than yours. They're talking 5 billion total including rail and other transport networks - 3 billion for all roads.
                  Originally posted by pooomba View Post
                  if you think our immigration is proportionately the same as Ozzie you are getting some false info somewhere.
                  I don't think that. Their net migration is higher, our birthrate is higher. Our net population increase overall is supposedly higher.
                  https://www.cia.gov/library/publicat.../print/as.html

                  https://www.cia.gov/library/publicat.../print/nz.html
                  Originally posted by pooomba View Post
                  I could go on but my research leads me to want to invest there anyway.
                  That's cool, but you seem to be basing some of your facts on rather gray figures.
                  Last edited by mlkmnz; 01-05-2008, 12:21 AM.

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                  • #24
                    You have to add in federal spending etc.

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                    • #25
                      Originally posted by pooomba View Post
                      You have to add in federal spending etc.
                      Which is way lower than state spending - 700 mill for the whole of Queensland.

                      Would it be a good assumption this huge spend you're referring to is spread out over a considerable time?

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                      • #26
                        Possibly. Current stuff that I have on file for example is

                        $3 billion inner-city North-South Bypass Tunnel
                        $1.9 billion Gateway Bridge
                        $2.6 billion Goodna Bypass on the Ipswich Motorway
                        $490 million upgrade of the Pacific Motorway
                        $850 million in improvements to the Centenary Highway
                        $2 billion in busway developments
                        $340 million upgrade of the Mt Lindesay Highway
                        $330 million upgrade of the Ipswich rail line
                        $240 million Hale Street Bridge
                        $700 million bypass for Toowoomba.

                        This is all current I believe>>

                        Then you've got the desalination plant, Tugun bypass etc.etc.
                        I know there is 81 Billion actually in the pipeline in Queensland alone, that could be over 5 to ten years to complete.

                        A lot more than NZ :-)

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                        • #27
                          I agree with Dean
                          Ausralia will continue to boom. We have not only a much larger population than New Zealand. MKelbourne alone have 3.7 million people. We also have Strong industry. There is far more to sustain the Australian economy. Because of population growth in Melbourne alone demand will only continue for inner city locations. Olly the fall in prices you quote relates to all of Melbourne again based on Mediun prices. I stress that prices have fallen a little in outer or secondary locations but in inner city areas the prices have held up well. If interest rates have slown things down a little that is a good thing. However rental demand in inner city areas across the country will only continue to rise. Melbourne and Brisbane will lead the charge with Sydney a little later. I am alo looking at Adelaide a city tipped to increase over the next few years. If we could move ahead 10 years we would see this as a golden time to invest in Australia for capital growth. For cash flow America is the place to be. I think you will find that over the next 12 months in New Zealand you will find large falls taking place in many regional centres.

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                          • #28
                            People need to remember too that the NZ cycle is basically one cycle where as the Australian cycle is made up of a lot of smaller ones that are in different phases. For example some Perth values were decreasing last year and the year before when the Gold Coast and Melbourne were having 20%+ increases.
                            Nigel Turner

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                            • #29
                              Originally posted by pooomba View Post
                              A lot more than NZ :-)
                              Yes but proportionately? They're a bigger population and a bigger country in general, so it'd actually be a worry if their spend on this sort of stuff wasn't bigger than ours.
                              Originally posted by powerbroker50 View Post
                              I There is far more to sustain the Australian economy.
                              Do you actually know that for a fact or is that statement merely opinion?

                              I don't mind hearing the rationale why Australia is a better place to invest in property than NZ, but if you're going to use comparisons, they sorta need to be backed up by fact with a full understanding of conditions on both sides of the ditch. From a sheer numbers point of view, Aussie is going to be higher, but that's not actually the best form of comparison, otherwise the USA or China win the debate and we should all invest over there instead.

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                              • #30
                                From a cash flow point of view we should and I am investing in America. You can buy good property and recieve a return of 14% plus

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