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Lot production in Perth fell to 7,100 in 2016-17, a cumulative 55 per cent decline from 2014-15.

Oversupply to dampen recovery in residential market

BIS Oxford Economics’ latest outlook series report has delivered a stark analysis of expected demand for new houses and land across the Perth market in the near future. 

The industry analyst and economic forecaster’s ‘Outlook for Residential Land 2017 to 2022’ report found that lot production in Perth fell to 7,100 in 2016-17, a cumulative 55 per cent decline from 2014-15 levels, and that median land and house prices had also declined over this period.

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Comments

WA
After decades of up to 1,000% profits, it only costs the big three iron ore miners $18 per tonne to produce, and at its peak were getting $200 per tonne. Now they are only getting over 300% profits at over $60 per tonne they are sacking everyone in order to pay their huge profits to its foreign shareholders. This has, in effect, shut down WA's economy and slashed the wages of the contracters who do the work. Shareholders get the profits, while Aussie workers get Centrelink.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
189thMineral Resources62%24%
299thSouth3225%0%
401stWoodside Petroleum9%4%
444thAtlas Iron0%-57%
561stFortescue Metals Group-15%8%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/11/17
$0 Bought
03/10/17
$9k Issued
29/09/17
$0 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$10,999.7m
2nd↑South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.324m
631stMark Barnaba$223k
747thSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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