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Home loans made clear

Planning approvals jump 40%

By johnboy 1 August 2006 10

Our Brave Leader has proudly announced a 40% jump in planning approvals over the last year. This is compared to the next highest state of WA with 9%.

Apparently this is proof of our strong economy (so strong we’re shutting down a third of the schools).

Others might think its a totally rooted housing economy and land planning system thrashing wildly.

I leave that judgment as an exercise for the reader.

What’s Your opinion?

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10 Responses to
Planning approvals jump 40%
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Thumper 1:18 pm 03 Aug 06

and you need consider Mr Hedgehogs rate rise and Emergency Service tax, plus the second interest rise we’ve had in three months.

Man, buying a house is not cheap these days….

snahon 1:14 pm 03 Aug 06

provided you can rent it or live in it 🙂

VYBerlinaV8 10:56 am 03 Aug 06

Good time to be buying…

shauno 12:55 am 03 Aug 06

I’ve been keeping an eye on properties in the Inner North and South on over the last few months and couldn’t help but notice a lot of the apartments for sale remain unsold for several months and I’ve seen price reductions in a number as well.

snahon 4:31 pm 02 Aug 06

Gotta love developers with their “If we build it, they will come” mentality. Irrespective of planning approvals, developers are looking at making money so either they know something we don’t or they really are stoopid and will loose a tonne of cash waiting for units to be sold.

Mr Evil 10:32 am 02 Aug 06

Are these planning approvals for the sites of the schools that are going to close?

God, I wish I wasn’t so bloody cynical!

johnboy 9:39 am 02 Aug 06

Until rental prices come down to something appropriate for a big country town I think we can safely say there’s a lot of pent-up demand being released right now. Well done Simon for letting it get to this point!

toriness 9:29 am 02 Aug 06

I just keep wondering, given our population growth isn’t that strong….who is going to live in all these new dwellings. I so would not be buying a place off the plan at the moment, there are so many vacancies in the newly completed developments I walk past in the morning (inner north) – which can only mean there are already lots of investors paying their own investment loan at the moment….

barking toad 8:43 am 02 Aug 06

And the front page of today’s crimes sure supports the “strength” of our economy.

The mayor and his council desperately scratching to sell off the silver and cut services because they’ve spent money they don’t have.

They’re even looking to save around $100,000 by scaling back mowing services. Hasn’t that already started at Footy Park, Phillip?

But sad simon let’s the site at Canberra Ave, Fyshwick go for, perhaps, $80 million less than it could have.

Managing the ACT doesn’t matter all that much, as long as the factions are happy.

Thumper 8:30 am 02 Aug 06

SO our massive rate rise and our extra emergency service tax must also be proof that the economy is strong?

Fuck me…..

Hedgehog should play cricket for Australia when Warnie retires…

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