WA resources boom

If anyone tells you that the WA boom is over - then here is the proof to show they are way off the mark.
A report released today by ABARE says that a record $70.5 billion in minerals and energy projects are currently under development, or being considered for development, in Australia.
Western Australia accounts for three-quarters of the capital expenditure on advanced projects, including 12 petroleum projects (valued at $27.9 billion) and 10 iron ore projects ($16.5 billion).
WA also provides the majority of the less advanced projects, which wil have a capital expenditure of $40 billion plus.
Personally, I think the boom in WA has at least another 10 years to run.

____________________________________________________________________________

Moderator. Proud member of the Fishwrecked "Old Farts". Make sure your subscribed to Fishwrecked Reeltime http://fishwrecked-reeltime.com/


Pete D's picture

Posts: 1681

Date Joined: 07/06/07

Unforetunately, not all are

Wed, 2008-05-21 14:09

Unforetunately, not all are involved directly/indirectly in the boom, hence alot are hurting with continual price rises with basic essential items including fuel and mortgage rates.

I see the boom as a vicious cirlce (locally).  Not enough skilled labour for the projects leads to increased labour rates, leads to increased costs, leads to increased labour rates etc etc.  Those involved have much more disposable income, leads to the interest rate rises.

Fortunately, for me, I am involved.

Its a bigger picture then WA though.

Cheers Pete

Colin Hay's picture

Posts: 10407

Date Joined: 23/10/07

You are right Pete

Wed, 2008-05-21 14:23

There is good and bad to it. I mainly put the info up for the youngsters who may be thinking about a career or for those who were thinking of investing in something in WA (ie a home,or a business).
While a lot of people may not be directly involved with the resources sector - studies have shown that the trickle down affect does flow to just about everyone.
(Colin 1 - Co-founding member of the prestigious Colin Club)

____________________________________________________________________________

Moderator. Proud member of the Fishwrecked "Old Farts". Make sure your subscribed to Fishwrecked Reeltime http://fishwrecked-reeltime.com/

Posts: 241

Date Joined: 30/10/05

woohooo

Wed, 2008-05-21 19:13

more moeny for me yay!!!!!

i understand that with good there is a bad side but atm the more money i can make and put aside for a later date the better. im in the boilermaking indusrty and any young people out there looking for a job with high pay then get into it now. you may have to work hard tho.

Colin Hay's picture

Posts: 10407

Date Joined: 23/10/07

Its a great chance

Wed, 2008-05-21 20:29

for young people to set themselves up for life alright Mike.
(Colin 1 - Co-founding member of the prestigious Colin Club)

____________________________________________________________________________

Moderator. Proud member of the Fishwrecked "Old Farts". Make sure your subscribed to Fishwrecked Reeltime http://fishwrecked-reeltime.com/

PilbaraBrad's picture

Posts: 3628

Date Joined: 16/05/07

make hay while the sun

Wed, 2008-05-21 20:31

make hay while the sun shines boys it is a cycle i now but i am taking my piece of the pie. It is about time the blue collar works of this country had an opportunity to pave an easier path for their families.

Shorty's picture

Posts: 1549

Date Joined: 10/05/08

I always think about it

Wed, 2008-05-21 21:22

I am always thinking of going North to get the money, i see in the paper the average wage  is $100,000, not bad,,,,,,,,,,

 

I guess i am a homebody and am not to interested to going away for a month at a time, but i still might do it, the moneys better than lawnmowing.

Maverick's picture

Posts: 1215

Date Joined: 06/06/06

HUH

Wed, 2008-05-21 21:26

Your mowwing the wrong area's .

 

________________________________________________________________________

 Oatsfishwest member 88 .

____________________________________________________________________________

 

 OFW member 088 

 Sponsored by no one and I work for myself so my comments are my own.

Posts: 241

Date Joined: 30/10/05

money is great

Thu, 2008-05-22 05:53

the money atm is insane. around perth here at the moment im making 100k easy with so much work avalable. im stil heading away for six months  next month to earn even more which is really helping with the house paymenst and living a comfy life. there is construction work planned for aother  four years atm and there will be more on the table soon. im one of many taking this to the full advantage. Hey shorty going away to work is definitly a hard thing to do i know for me sometimes it is. but at the end of the months when you see that in four weeks you have 8-9.5grand or more for some sitting there sometimes its worth it for six months

max199's picture

Posts: 812

Date Joined: 09/05/06

That's

Thu, 2008-05-22 07:17

it fellas, do the hard yards now and you'll be glad you did it when you get a bit older. If you don't and just "think" about it, you'll kick yourself later and it will dwell on your mind for ages. Bite the bullet, work hard, it won't kill ya........Maxy.......

uncle's picture

Posts: 8903

Date Joined: 10/02/07

boom

Thu, 2008-05-22 16:34

work hard, have fun and maximise your super,I'd like a $ for everytime I've heard that but believe me its true

Fast fish rule!

____________________________________________________________________________

all aggressive fish love bigjohnsjigs

Posts: 17

Date Joined: 20/05/08

Has hit the Ag sector hard,

Thu, 2008-05-22 20:34

Has hit the Ag sector hard, with the workforce having the skills to operate big gear they had to be an obvious target. Never had a problem keeping staff personally and WA's cropping program runs on Kiwi labour

Grew up in the mining sector and had grand plans to be a geo as a young'un but sooned got bored of the anale repetative work on minesites. So I became a farmer

TH

Tony Harding

OFW# 19. Recruitment officer

Posts: 17

Date Joined: 20/05/08

Just Remember

Thu, 2008-05-22 20:40

The blokes on FIFO must worry that the lawnmower man is doing a bit more than just mowing the lawn Tongue outLaughing

 

Hey Mav?

 

Tony Harding

OFW# 19. Recruitment officer