Dear All,

I bought a plot of land in Perth earlier this year and have already seen a 20%+ paper profit, hardly of any benefit to me as I want to build on it and live there. At this stage I am far more worried about build cost rises and what will happen with them if I decide to wait before ordering the build (planned for November).

Among other things I get information from the ANZ bank economic outlook, and they also have a section on property outlook and there is a presentation on the resources industry. I have put the links below.

http://www.anz.com/Business/info_cen...y/AEOSep06.pdf
http://www.anz.com/aus/corporate/EcoComm/Property.asp
http://www.anz.com/business/info_cen...es_Sep2006.pdf

I am in Perth for the long term so more worried about being burnt badly at the outset.

ANZ basically believed in July that affordability is at a record low, and that housing stock would move to surplus in a couple of years. However, this is tempered by the benefits of the resource industry / associated service industries (I suppose this means immigration, wages growth, inflow of money) so they think it will remain robust. My reading is that affordability (mortgage against wages) is the key here, and the reaction to the recent rate rise clearly shows that many people are right on their limit.

I hope for a rate decrease driven by Eastern state issues, with a bit of reasonable wage inflation in WA, along with the resources and other WA industries remaining sustainable, then we'll have a soft landing!

Best regards,

Marcus.

at last you have admitted your an "arse hole" .................. mm