Yeah it might happen. However the doomsayers have been singing the same tune for close to a decade. So its becoming the boy who cried wolf. If I had listened to the doomsayers I'd have a net worth of a few hundred thousand dollars less than I do now. Who knows, I along with millions of other Aussies may be broke next year. If that is the case then sure I should have sold up before the crash.
People talk about how China is coming off the boil and demand for Australian exports (ie stuff dug out of the ground) will fall away. This may or may not be the case. Most probably it won't be the case. In any event only a very small number of Australians are involved with export oriented industries and the benefits of these industries are not felt by many in Australia. If the whole export shop shut down it would not effect many Australians. Sure there will be knock on effects but in the meantime people would do something else to make money.
One thing I notice is the large number of people moving to Australia. I meet them at work, socially and through recreation. They come here with skills and money. Some Australians complain about it, saying they are taking "our jobs"
I have been a builder for a few years. You all have valid points in this hijacked thread.
There is defo relationship between soil type(foundation) and footing(concrete) due to differential movement of different soils classes, mainly due to drainage and rainfall and the ability of the structure to react/not react to heave(in wet) and shrink(dry).
That said you can build most/if not all types of buildings in the WA sand pit.
The main reason for double brick construction, was, so i have been told, the power of the brick companies in early mass expansion of Perth and their involvement with the governments at the time who were willing to push their case.
We have done brick/timber comparison costing for homes/extensions in WA and there is little or no difference in cost, surprisingly. A large part is the cost of new home is Govt taxes, i am not sure exactly but it is around the 40% mark.
So ; you work earn money pay tax on it, you buy land you pay tax on it, you build a house you pay alot of tax on it, you sell it to buy bigger house to fit the tin lids in you pay more tax on it, fun isnt it
The Gov. is wholly and solely to blame for the high cost of new homes(not existing ones/demand), its not the builders, margins are actually quite low 4-7% new homes. Lack of land released by the gov. is a huge issue, this is mainly done by private entities therefore they need to make money.
If the Gov could organise a piss up in a brewery the problem would be solved.
My dad was a bricklayer who became a builder, so I'm biased towards double brick homes. Layed his last brick to finish off a retaining wall at his home two months ago. He is dying now.
Double brick homes are quieter and have better insulative properties in my experience compared to brick veneer or other houses built with timber frames. I love double brick construction. It feels solid. You can hang a painting anywhere you like inside. Hang your TV anywhere you like.
i traveled few times around wa. that's how i got converted into masonry.
apparently greedy brick suppliers in the west got more power messing up with my mind over the power of greedy timber frames suppliers in the east.
wouldn't it be nice for average buyer with huge lifetime mortgage to have a choice pick up own preference.
Sad about your Dad Moby, i don't envy bricklayers, bloody hard job, tuff blokes in tough conditions in WA.
Reverse brick veneer, with the right orientation and glazing is the most thermally efficient standard form of construction available, but we dont do that here(WA) at all, Ive never built one in 15 years. Steel is great, the way they build up north is good/quick/last's.
Have a great weekend all procrastinators, if i spent less time on here, i would pay my mortgage of faster.
I was a chippy over east before coming to WA to sail and noticed the price of timber was a lot more expensive here. I think the brick suppliers have everyone here falsely scared of white ants to maintain their monopoly. Sand foundations are the best for any house, self draining and don't sink so just as well suited for brick veneer houses as double brick.
BV homes insulate better, especially with batts in the walls (often done by the owners before the Gyprock), using prefab pine truss roofs mean internal pine frame walls are non load bearing so walls and doorways can be shifted, deleted or added with basic skills without using a brick saw, and expensive contractors for the most of it.
DB is the most fire resistant and you may be surprised to learn steel frame is the worst. Why you ask, steel is more likely to have an electrical fire then conducts the heat through the whole structure and can't be stopped, can't water a steel fire or it goes up quicker so just sit back and watch it burn. At least timber can be stopped. Treat a BV home and white ants aren't a problem.
So with the lack of qualified framers, expensive timber, scare mongering of white ants, tones of brick layers which are probably the best in the country anyway and peoples mind set it's no wonder DB is king here but I still prefer BV any day even though I no longer build.
By all means sell.
When we were in our housing bubble the last thing anyone ever wanted to talk about was "if we were in a bubble" the subject was avoided just like it's being avoided here on this forum.
Instead everyone wanted to talk about how rich they were getting and what on earth were they going to do with all this money.
Looking back on it now of course it was too good to be true.
The frustrating part about it is that if we had just listened and done a little research the outcome would have been obvious but we were in denial.
If we had sold at the top we WOULD be rich.