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Analysis: When a boom deflates

New Year is always a good time for starting a diet, and while WA has been expanding rapidly thanks to the resources boom it seems likely that the feast is over, for now.

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Perth
Reads like a glossy magazine horoscope

Perth
Is this 'journo' the most negative person in the Universe? Have a read of his other 'articles' if you want further proof. Any chance of some optimism chief?

Perth
Absolutely agree with you Jack. Used to be a big bystander fan, but all too negative of late. WA is going through massive growth, with many project still to get off the ground with money and resources already committed and contracts to buy commodities in place, unemployment is very low and still plenty of good job opportunities out there. CBD office space is full and developers are building more high rise residential. Has Tim seen Fiona Stanley hospital, how many people are going to work there. Interest rates are down and what about the new stadium. All this growth will eventually flow through to retail and Perth property prices. I could go on…. My advice is, get in to Perth property now if you can.

I think it's great to see a journo prepared to tell it as it is! It's a small dose of reality. No one likes to hear bad news but the reality is that if we stick our heads in the sand, ignore what's going on and don't prepare for what's coming, our current quality of life may disappear within the next few years (it already has for many in America and Europe)....and if you think we are protected here in Australia and WA because of the boom, think again, we are heavily linked to China and from what I have read, they are in for a hard landing!....Unfortunately, it's not a matter of if anymore, it's a matter of when this credit fuelled boom runs out of steam and the governments and banks of the world stop trying to prop things up by printing more money to try and stimulate their economies....It's only delaying the inevitable unfortunately....we are not immune in WA, it just stands for Wait Awhile.

Perth
And then WA also have the issues of skilled people in demand here and there that are needed to build and deliver these complex facilities, in remote locations where infrastructure is inadequate for the taskforce that expect developed nation standards as a minimum. These challenges for 2012 and beyond are very real.

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