Mining Boom Perth Accommodation

Submitted: Sunday, Apr 01, 2012 at 20:19
ThreadID: 92950 Views:2687 Replies:6 FollowUps:8
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Just some general information
If you are heading to Perth (Metro Area) WA and wanting to book into a Caravan Park, I would suggest that you try and book well in advance, an article in the West Australian Newspaper on Wednesday 21st March 2012, “Caravan and Chalet Parks booked out” stating that the majority of Caravan Parks are fully booked out now and in the future, due to the shortage of general accommodation in Perth and fly in fly out workers also wanting accommodation, a one bedroom self contained chalet is around $840.00 per week
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Reply By: get outmore - Sunday, Apr 01, 2012 at 20:24

Sunday, Apr 01, 2012 at 20:24
I wouldnt get alarmist, if you had read the article it mentions its thier permanant accomadation thats booked out and they still keep room for genuine traveller types
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Follow Up By: cobber - Wednesday, Apr 04, 2012 at 23:49

Wednesday, Apr 04, 2012 at 23:49
My post if you read it says General Information I did not say anything about not getting accommodation so why bother to comment
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Follow Up By: get outmore - Thursday, Apr 05, 2012 at 09:09

Thursday, Apr 05, 2012 at 09:09
Because you've selectively qouted. The article and missed out the part where it says its the permanent sites which are fully booked and given the impression theres no room for travellers/short stay which is relevant to people on this forum
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Reply By: Member - Old Girl - Sunday, Apr 01, 2012 at 20:56

Sunday, Apr 01, 2012 at 20:56
My father who drives trucks Bris-Perth weekly said there is lack of rental accomodation (houses) because people are sick of their rental properties being trashed so are selling up.
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Follow Up By: Witi Repartee - Sunday, Apr 01, 2012 at 21:37

Sunday, Apr 01, 2012 at 21:37
Trashing may be part of the reason..but it's mainly the lack of capital gain in the current market...so they are selling up and putting their money into other areas.
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Follow Up By: Member - Boo Boo (NSW) - Thursday, Apr 05, 2012 at 09:05

Thursday, Apr 05, 2012 at 09:05
Right on the money (exucese the pun) Witi Repartee.


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Reply By: Bush Wanderer - Sunday, Apr 01, 2012 at 23:22

Sunday, Apr 01, 2012 at 23:22
The last rental that we purchased 3 months ago....we had bidding war going. Occupancy rate has never been better.
New homes are not being built anywhere need the demand to sustain the growth of people arriving.
Given property prices have grown 3 fold in the past 12 years....not a bad place to invest.
BW
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Follow Up By: Bill BD - Monday, Apr 02, 2012 at 02:39

Monday, Apr 02, 2012 at 02:39
I hope so BW. My retirement will be a long time coming if it don't move a good deal in the next 10 years.
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Follow Up By: Bush Wanderer - Monday, Apr 02, 2012 at 09:35

Monday, Apr 02, 2012 at 09:35
G'day Bill BD,

It's a bit like mononpoly.....the one with the most investments wins.

I do this for a living....as long as you structure it correctly there a ways to do this.

10 years is not long, of hopefully you will make it to a comfortable retirement.

BW.
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Follow Up By: Bill BD - Monday, Apr 02, 2012 at 10:10

Monday, Apr 02, 2012 at 10:10
BW, slightly longer really, more like 13 years till 65. We have a 2 units close to city centre on interest only. I don't believe we will make more than 25% on them but they don't cost too much to keep going and super isn't doing too well (and you never can tell.... Perth is growing damn quickly). It is hard to assess the true cost benefit because of the tax breaks. I am one that moves around the Monopoly board but has no money left to buy anything..... I couldn't service another loan.

We only got drawn into the property market because we had to rent out the house we own. The tax was so savage we got a unit to offset the house' income. Then another in the hope that capital gains in one would eventually pay off the other. I think that is unlikely though. Its easy to be over enthusiastic.
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Follow Up By: Bush Wanderer - Monday, Apr 02, 2012 at 10:18

Monday, Apr 02, 2012 at 10:18
The past is no guarantee for the future. A well balanced portfolio is the key.
You have to be in it to win it.....and I don't mean lotto, that's a waste of money to me.
BW.
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Reply By: Bill BD - Monday, Apr 02, 2012 at 02:47

Monday, Apr 02, 2012 at 02:47
The article you saw/read is fairly accurate. Van accommodation in Perth metro is very hard to find. I live 130 km or so out in a small town and we sometimes get people pulling up here because they can't get into perth. Its only $25 a day here. No one stays long though... nothing to see.

There is a rental shortage but it has nothing to do with properties being trashed. There just isn't enough housing.
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Reply By: Ray - Monday, Apr 02, 2012 at 11:17

Monday, Apr 02, 2012 at 11:17
Mining boom and fly in and fly out is the worse thing that could happen to Western Australia. The mining companies use to build townships adjacent to the mines for their employees all at reasonable rents. Then some bright charlie suggested that a frindge benefit tax be inpossed on these people. Fly in Fly out then became the norm, which I migh add is tax deductale.
Fly in Fly out duse not stop there. A number of small towns in the bush receive nothinh from the emplyees
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Reply By: JimDi - Monday, Apr 02, 2012 at 12:27

Monday, Apr 02, 2012 at 12:27
I have just read thread 92947 which is along similar lines to this thread except it is happening in Qld.
I know in these times the level of activity can cause problems and concerns etc.

But I was just thinking back to when my wife and I had a retail business in the 1990's and we were having the recession "we had to have".
Interest rates both business and housing were running above 18% (I will stand to be corrected here as I am running on memory) and unemployment was way up there. It seemed at the time no one was working. Tourism had dropped and the ones who did turn up brought as much as they could with them thus dropping their spending.
I spent a lot of my day standing at the front of the shop yarning to other shop owners over a coffee. I saw business owners in despair shut their shop and walk away from a lifetimes work. My wife and I consider ourselves lucky that we survived,prospered and most importantly kept our health.

So whilst these days it can be problematic and so on, I still shudder at the alternative.
Happy travelling.
Jim
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