[COM] 20HS | 53/49m | 15/14lvls | Hotel/Residential

[Pikey]

Can't imagine there will be no crane at all there. More likely 2 or mabe later three.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

What?? We've already established there'll be two cranes on site.

[skyliner]

Don't get too excited - I am a little out of touch on some things on this one.Based the 'three' on what I observed in Bris CBD on similar projects yesterday. I admit, probably wishful thinking with the 3. (thinking also of the second tower there).

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

[JamesXander]

Let's hope the recent stock crash on Wall St does'nt resonate out strongly enough to us to stop any of this proposed/approved future development. Some very heavy issues going on there at present.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

I was just thinking this.


Surelly it couldnt happen again. We had the boom in the 80's. then BAM. The 90's killed us.


Could we be saying the same thing about the 00's and the 10's?


We would officially need to invest in some luck if that were to happen.

[Professor]

Whiskey Tango Foxtrot?

The State Bank killed SA for 10 years from the early 90s until a few years ago - crippling debt that milked the life out of the local economy. Only when we sold off ETSA and paid off debt etc did we come out of that tunnel and get the AAA rating.

Unless there is another large local public debt building that we do not know about, SA should be OK into the forseeable future. We have increasing mining / mineral exploration, the highest rate of population growth for a decade, long-term defence contracts (including the next generation of submarines) and a strong agricultural base (when it rains!).

We hopefully will (like the rest of Australia) be somewhat cushioned against the the excesses that brought down some of the major Wall street companies. Well, here's hoping anyway!

[skyliner]

Whiskey Tango Foxtrot?

The State Bank killed SA for 10 years from the early 90s until a few years ago - crippling debt that milked the life out of the local economy. Only when we sold off ETSA and paid off debt etc did we come out of that tunnel and get the AAA rating.

Unless there is another large local public debt building that we do not know about, SA should be OK into the forseeable future. We have increasing mining / mineral exploration, the highest rate of population growth for a decade, long-term defence contracts (including the next generation of submarines) and a strong agricultural base (when it rains!).

We hopefully will (like the rest of Australia) be somewhat cushioned against the the excesses that brought down some of the major Wall street companies. Well, here's hoping anyway!

This is why i added the word 'hope' to my last post. I fully recognise all you said as significant differences to the 1990's scenario.

SA - STATE ON THE MOVE

[ghs]

Crane base installed but I wouldn't get too excited yet. With Aurora the crane base was installed in early May but the
crane was not installed until early July.

[Benski81]

Let's hope the recent stock crash on Wall St does'nt resonate out strongly enough to us to stop any of this proposed/approved future development. Some very heavy issues going on there at present.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

I was just thinking this.


Surelly it couldnt happen again. We had the boom in the 80's. then BAM. The 90's killed us.


Could we be saying the same thing about the 00's and the 10's?

We would officially need to invest in some luck if that were to happen.

Don't worry times are very very different now, without going into it deregulation has meant that the teething problems of the 80's and 90's won't repeat themselves. Also don't ever forget that 60% of our investment and trade is now conducted with asia and only 7% with america. With over 400,000 people urbanising a month in china alone there is still alot of domestically driven growth there to keep economic conditions here pretty rosey for investment.

Financial markets here in Australia are still extremely healthy, well regulated and the envy of the westernised world so I don't think we'll being seeing history repeat itself. This is nothing more than a short-term downturn that does nothing more than create great investment opportunities for those who are cashed up enough to buy in cheap.

[AtD]

[Mants]

i thought you were in canberra!

[AtD]

i thought you were in canberra!

Ultra-zoom lens.

[talrok]

Just thinking, with all these new buildings going up I see the Samaras Cranes everywhere .. must be loaded hiring these things out.

This project will look good and the hotel should have a really large area for entrance/vallet parking etc .. the only other one we have is the Hyatt .. the rest of our hotels are only metres from a busy street or side street.

[rev]

Just thinking, with all these new buildings going up I see the Samaras Cranes everywhere .. must be loaded hiring these things out.

This project will look good and the hotel should have a really large area for entrance/vallet parking etc .. the only other one we have is the Hyatt .. the rest of our hotels are only metres from a busy street or side street.

Yes! Hopefully they redevelop the park in front of it. A nice, glamorously lit up fountain or sculpture.

[Mants]

Just thinking, with all these new buildings going up I see the Samaras Cranes everywhere .. must be loaded hiring these things out.

This project will look good and the hotel should have a really large area for entrance/vallet parking etc .. the only other one we have is the Hyatt .. the rest of our hotels are only metres from a busy street or side street.

Yes! Hopefully they redevelop the park in front of it. A nice, glamorously lit up fountain or sculpture.

i was with some friends in hindmarsh square a few months ago and some ACC workers approached us and said that it was on the agenda to redevelop that side of the square in a similar fashion to emo park.

[skyliner]

Let's hope the recent stock crash on Wall St does'nt resonate out strongly enough to us to stop any of this proposed/approved future development. Some very heavy issues going on there at present.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

I was just thinking this.


Surelly it couldnt happen again. We had the boom in the 80's. then BAM. The 90's killed us.


Could we be saying the same thing about the 00's and the 10's?

We would officially need to invest in some luck if that were to happen.

Don't worry times are very very different now, without going into it deregulation has meant that the teething problems of the 80's and 90's won't repeat themselves. Also don't ever forget that 60% of our investment and trade is now conducted with asia and only 7% with america. With over 400,000 people urbanising a month in china alone there is still alot of domestically driven growth there to keep economic conditions here pretty rosey for investment.

Financial markets here in Australia are still extremely healthy, well regulated and the envy of the westernised world so I don't think we'll being seeing history repeat itself. This is nothing more than a short-term downturn that does nothing more than create great investment opportunities for those who are cashed up enough to buy in cheap.

Thanks mate - that proportion is something I have been wanting to know for some time.

BTW - GREAT to see ths project going ahead - only letdown is the overall style of the hotel - could have been more imposing/lavish and less like a block of flats. Still, looking forward to this one 'rising from the dust' as it were.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

[Wayno]

Don't worry times are very very different now, without going into it deregulation has meant that the teething problems of the 80's and 90's won't repeat themselves. Also don't ever forget that 60% of our investment and trade is now conducted with asia and only 7% with america. With over 400,000 people urbanising a month in china alone there is still alot of domestically driven growth there to keep economic conditions here pretty rosey for investment.

Also interesting to note there are 660+ china 'cities' with populations of approx 1 million people! many still with dirt roads, little infrastructure, but all have one thing in common - a socialist dictatorship government focused on concreting the whole country just imagine the australian continent having 660 Adelaide sized cities spread around the place!

sorry for being off topic...