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Gillie, just looking at building data (only have up to Decmber 08 with me) and renovations peaked at about $31 billion in June 08 seasonally adjusted. December 08 had a mild dip. It will be interesting to see in the coming months.

One interesting point to note was that consumer sentiment regarding home purchase is at the highest since December 2001.

The 07/08 forecasts for residential starts was downgraded to 128,000 nationwide and actuals are tracking this projection.

The interesting thing is that Victoria has weathered this downturn well. Queensland is 40% down followed by WA and NSW which continues to be a basketcase.

On another note, I just got back from OS and have picked up a couple of houses in the local area One about 3km from the CBD and the other about 6km away. One tenanted and the other a failed reno. Both picked up well under market value and both are unique. There will always be buying opportunities regardless of conditions.

I'm thinking about starting a post/blog on the reno with scheduling, costs and before and after photos. I might do it on the property forum. I tend to keep notes on previous renos but have never bothered to write them up.
Would this sort of thing be useful to anyone?

<blockquote data-quote="Stan 101" data-source="post: 429859" data-attributes="member: 945">Gillie, just looking at building data (only have up to Decmber 08 with me) and renovations peaked at about $31 billion in June 08 seasonally adjusted. December 08 had a mild dip. It will be interesting to see in the coming months.One interesting point to note was that consumer sentiment regarding home purchase is at the highest since December 2001.The 07/08 forecasts for residential starts was downgraded to 128,000 nationwide and actuals are tracking this projection.The interesting thing is that Victoria has weathered this downturn well. Queensland is 40% down followed by WA and NSW which continues to be a basketcase.On another note, I just got back from OS and have picked up a couple of houses in the local area One about 3km from the CBD and the other about 6km away. One tenanted and the other a failed reno. Both picked up well under market value and both are unique. There will always be buying opportunities regardless of conditions.I&#039;m thinking about starting a post/blog on the reno with scheduling, costs and before and after photos. I might do it on the property forum. I tend to keep notes on previous renos but have never bothered to write them up. Would this sort of thing be useful to anyone?</blockquote>

[QUOTE="Stan 101, post: 429859, member: 945"] Gillie, just looking at building data (only have up to Decmber 08 with me) and renovations peaked at about $31 billion in June 08 seasonally adjusted. December 08 had a mild dip. It will be interesting to see in the coming months. One interesting point to note was that consumer sentiment regarding home purchase is at the highest since December 2001. The 07/08 forecasts for residential starts was downgraded to 128,000 nationwide and actuals are tracking this projection. The interesting thing is that Victoria has weathered this downturn well. Queensland is 40% down followed by WA and NSW which continues to be a basketcase. On another note, I just got back from OS and have picked up a couple of houses in the local area One about 3km from the CBD and the other about 6km away. One tenanted and the other a failed reno. Both picked up well under market value and both are unique. There will always be buying opportunities regardless of conditions. I'm thinking about starting a post/blog on the reno with scheduling, costs and before and after photos. I might do it on the property forum. I tend to keep notes on previous renos but have never bothered to write them up. Would this sort of thing be useful to anyone? [/QUOTE]

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