Australian Politics Forum - More cranes on the east coast tha the whole of USA

Sir lastnail

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More cranes on the east coast tha the whole of USA
Oct 22^nd, 2016 at 10:01am

You give aussies access to cheap credit and what do they do with it ? Instead of being productive with that money they just build lots of boxes of air stacked on top of each other hoping they will go up in value.

http://www.abc.net.au/news/2016-10-21/real-estate-warning-more-cranes-in-austral...

Quote:

Apartment glut warning: More cranes on Australian east coast than in North America

One of the eye-opening statistics of the high rise apartment boom is that there are now more cranes servicing high rise apartment construction down the east coast of Australia than in major cities across North America.

Key points:

Record 528 cranes working on Sydney, Melbourne and Brisbane apartments
Only 419 cranes working on apartments in major North American cities
Crane count in Sydney has boomed to 258, Melbourne and Brisbane now easing
The biannual crane count survey by global property and construction consultants Rider Levett Bucknall (RLB) found there were a record 528 cranes working above apartment blocks in Sydney, Melbourne and Brisbane in the September quarter.

The RLB survey tallied 419 cranes plying their trade in the residential construction game across major North American cities including New York, Boston, Chicago, San Francisco, Los Angeles, Toronto and up to Calgary.

Over the past three years, the number of cranes in use for residential construction has grown an extraordinary 313 per cent.

However, growth has moderated sharply over the last quarter, with the number of cranes in Melbourne down from 124 to 109 and Brisbane down from 91 to 87.

Sydney is still booming, though, with residential cranes increasing from 239 to 258 over the past six months, while for the rest of Australia conditions were fairly flat with just three new cranes added to take the total to 74.....

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John Smith Gold Member Offline Australian Politics Posts: 72209 Gender:	Re: More cranes on the east coast tha the whole of USA Reply #1 - Oct 22^nd, 2016 at 11:38am More cranes on the east coast tha the whole of USA I see that as a good thing ....
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Gordon Gold Member Offline Australian Politics Posts: 20226 Gordon Gender:	Re: More cranes on the east coast tha the whole of USA Reply #2 - Oct 22^nd, 2016 at 11:42am As long as we get less of those disgusting looking garbage eating ibisis, I'm happy.
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The_Barnacle Gold Member Offline Australian Politics Posts: 6205 Melbourne Gender:	Re: More cranes on the east coast tha the whole of USA Reply #3 - Oct 22^nd, 2016 at 11:52am John Smith wrote on Oct 22^nd, 2016 at 11:38am: More cranes on the east coast tha the whole of USA I see that as a good thing .... Not if it results in a glut of apartments
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Sir lastnail Gold Member Offline Australian Politics Posts: 29705 Gender:	Re: More cranes on the east coast tha the whole of USA Reply #4 - Oct 22^nd, 2016 at 11:53am John Smith wrote on Oct 22^nd, 2016 at 11:38am: More cranes on the east coast tha the whole of USA I see that as a good thing .... you would. Enjoy it while it lasts though. You know that pesky supply and demand thing can work against you sometimes
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Marla Gold Member Online I really hate you Posts: 12835 Colorado Gender:	Re: More cranes on the east coast tha the whole of USA Reply #5 - Oct 22^nd, 2016 at 12:01pm Meanwhile, on the west coast the Cali scum also keeps on reproducing. Trust me, this is not a good thing. See what I have to deal with?
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BigOl64

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Re: More cranes on the east coast tha the whole of USA
Reply #6 - Oct 22^nd, 2016 at 12:06pm

Sir lastnail wrote on Oct 22^nd, 2016 at 11:53am:

John Smith wrote on Oct 22^nd, 2016 at 11:38am:

More cranes on the east coast tha the whole of USA

I see that as a good thing .... Roll Eyes

you would.

Enjoy it while it lasts though. You know that pesky supply and demand thing can work against you sometimes Wink

This has happened before and like every time previous, demand will slow as will supply; the latter is a bit slower but it does react to the market.

Since you are too poor to own anything, don't furrow your brow so much, champ

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John Smith Gold Member Offline Australian Politics Posts: 72209 Gender:	Re: More cranes on the east coast tha the whole of USA Reply #7 - Oct 22^nd, 2016 at 12:09pm Gordon wrote on Oct 22^nd, 2016 at 11:42am: As long as we get less of those disgusting looking garbage eating ibisis, I'm happy. they're more common than seagulls up here ... can't believe the Egyptians revered them
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John Smith

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Re: More cranes on the east coast tha the whole of USA
Reply #8 - Oct 22^nd, 2016 at 12:09pm

Sir lastnail wrote on Oct 22^nd, 2016 at 11:53am:

John Smith wrote on Oct 22^nd, 2016 at 11:38am:

More cranes on the east coast tha the whole of USA

I see that as a good thing .... Roll Eyes

you would.

Enjoy it while it lasts though. You know that pesky supply and demand thing can work against you sometimes Wink

you are the one who has a problem with supply and demand. Cheesy

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Gordon Gold Member Offline Australian Politics Posts: 20226 Gordon Gender:	Re: More cranes on the east coast tha the whole of USA Reply #9 - Oct 22^nd, 2016 at 12:17pm John Smith wrote on Oct 22^nd, 2016 at 12:09pm: Gordon wrote on Oct 22^nd, 2016 at 11:42am: As long as we get less of those disgusting looking garbage eating ibisis, I'm happy. they're more common than seagulls up here ... can't believe the Egyptians revered them Swamped by muslim birds.
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Sir lastnail

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Re: More cranes on the east coast tha the whole of USA
Reply #10 - Oct 22^nd, 2016 at 12:20pm

John Smith wrote on Oct 22^nd, 2016 at 12:09pm:

Sir lastnail wrote on Oct 22^nd, 2016 at 11:53am:

John Smith wrote on Oct 22^nd, 2016 at 11:38am:

More cranes on the east coast tha the whole of USA

I see that as a good thing .... Roll Eyes

you would.

Enjoy it while it lasts though. You know that pesky supply and demand thing can work against you sometimes Wink

you are the one who has a problem with supply and demand. Cheesy

only when the balance suits you smithy Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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John Smith

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Re: More cranes on the east coast tha the whole of USA
Reply #11 - Oct 22^nd, 2016 at 1:40pm

Sir lastnail wrote on Oct 22^nd, 2016 at 12:20pm:

John Smith wrote on Oct 22^nd, 2016 at 12:09pm:

Sir lastnail wrote on Oct 22^nd, 2016 at 11:53am:

John Smith wrote on Oct 22^nd, 2016 at 11:38am:

More cranes on the east coast tha the whole of USA

I see that as a good thing .... Roll Eyes

you would.

Enjoy it while it lasts though. You know that pesky supply and demand thing can work against you sometimes Wink

you are the one who has a problem with supply and demand. Cheesy

only when the balance suits you smithy Wink

yeah ... remind me again who wants to ban Chinese buyers? Cheesy

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Sir lastnail

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Re: More cranes on the east coast tha the whole of USA
Reply #12 - Oct 22^nd, 2016 at 5:03pm

John Smith wrote on Oct 22^nd, 2016 at 1:40pm:

Sir lastnail wrote on Oct 22^nd, 2016 at 12:20pm:

John Smith wrote on Oct 22^nd, 2016 at 12:09pm:

Sir lastnail wrote on Oct 22^nd, 2016 at 11:53am:

John Smith wrote on Oct 22^nd, 2016 at 11:38am:

More cranes on the east coast tha the whole of USA

I see that as a good thing .... Roll Eyes

you would.

Enjoy it while it lasts though. You know that pesky supply and demand thing can work against you sometimes Wink

you are the one who has a problem with supply and demand. Cheesy

only when the balance suits you smithy Wink

yeah ... remind me again who wants to ban Chinese buyers? Cheesy

and why not ? See if they let you invest in their real estate if it's such a great idea Wink

Only the desperadoes and sellouts here would sell off the last remaining assets to foreign interests in a one off firesale Sad

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: More cranes on the east coast tha the whole of USA Reply #13 - Oct 22^nd, 2016 at 5:07pm Yet another toe-nail thread about.... Housing. From a renter,.
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Sir lastnail Gold Member Offline Australian Politics Posts: 29705 Gender:	Re: More cranes on the east coast tha the whole of USA Reply #14 - Oct 22^nd, 2016 at 9:45pm longweekend58 wrote on Oct 22^nd, 2016 at 5:07pm: Yet another toe-nail thread about.... Housing. From a renter,. what else do they do in australia other than rip each other off on housing deals ? dig up coal LOL
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