Is a significant issue when our economy is dependent on mining...

First 545 Last

Share
Profile

Follow
Sjlasx

3,463 Posts.

3013

20/04/20

06:17

Post #: 44131300
Share

Originally posted by BabaRoga_space: ↑

That will be interesting one.

it's not only that halted immigration will have huge impact on construction industry. But some half a million people will leave Australia (some estimates are up to 700-800,000) which will be devastating blow on construction, consumer spending, rentsl and real estate.

I think there will certainly be a lot of people losing their investment properties, but I think gov will step in to save as many homeowners as possible from margin calls and falling behind on payments, when property prices/rents nosedive.

It will probably be toughest for construction industry tradies. High number of those in industry are also landlords (as a substitute for superanuation). They'll have a triple hammer blow of work volume plummeting, property prices going down and high rent vacancy rate/low rents (compared to investment loans).
It certainly looks that area will have it's own lithium oversupply moment

Expand

Is a significant issue when our economy is dependent on mining resources for other nations to turn into goods we rely upon and a continuous housing boom creating a generation of tradies.
Time for more STEM education methinks.
Bring back value added manufacturing industries to Australia.
The problems associated with becoming a fully fledged banana republic coming home to roost.

Last edited by Sjlasx: 20/04/20

GXY Price at posting: 78.0¢ Sentiment: None Disclosure: Not Held
8 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit