Perth property prices predicted to 'flatten out' in 2018

After almost five consecutive years of price drops since the highs of 2012/2013, property prices in Perth are forecast to 'flatten out' in 2018.

While this is not exactly great news for anyone in or around the Perth metropolitan area planning to sell their property in 2018, such as me; it is good news that prices are not supposed to fall any further.

This is better than the forecast for New South Wales (NSW) where the average property price is tipped to drop by up to ten percent through 2018, mainly led by falls in the values of apartments.

I must add that this is just the thinking of 'those in the know', and they often get this wrong. Knowing my luck—my nickname is after all Bad Luck Barry—Perth property prices will drop by the most ever at the start of 2018 just when I need to sell as part of my overall downsizing project.

'All Ordinaries' index struggling to stay above 6,000

Back on November the 7th the Australian All Ordinaries stock market index punched through the 6,000 points barrier; presumably back on its way to 6,900—where it was when the Global Financial Crisis (GFC) hit in 2007/2008.

At the time the index made the 6,000 level there we two lines of thinking being written up in the various financial journals.

One was that now that the All Ordinaries had finally managed—after 10 years— to crack through the 6,000 barrier that it would now rapidly move back up to 6,900. This thinking was based on the view that, by and large, the Australian economy is basically doing rather well. Employment is apparently improving—if you can believe the current press—and wages, which have been sitting flat for just under four years, were about to start moving upwards again.

The other line of thought, as you might have guessed, was that the index would have trouble staying at the 6,000 level. There were even a number of forecasters prepared to predict that they did not think the index would manage to remain above 6,000 over Xmas. The thinking here taking into account Australia's massive debt load both at the government level and at the household level; along with real estate prices flattening out and even falling in some states (other than Western Australia, where they have been falling steadily for almost four years).

Well, six weeks after the All Ordinaries index managed to peek above the 6.000 line it would be fair to say is having a lot of trouble staying there. On Friday it closed at 6,087 having dipped below 6,000 several times in the past six weeks.

At this point, I for one would be reluctant to take an even money bet that the index will be above 6,000 at the close of the exchange on the 24th December.

 

A Xmas many years ago at UniSys West

As, once again I go through my massive catalogue of pictures that I have in Lightroom, I came across the following images from my days working at UniSys West.

The following seven (7) pictures are from Xmas 2006 (click to cycle through the pictures)

I doubt that you would see this repeated in these days of the 'modern' minimalist workstation.

Where I currently work there is a 'clean desk' policy. If I happen to leave my diary on the desk when leaving work it will likely be taken away by the night cleaning team with a little note left in its place telling me I can pick it up from Facilities Management. And if I don't pick it up within the prescribed time; then it will be disposed of.

So much for a 'user friendly' working environment.

Goodness knows what would happen if some team decided to decorate for Xmas as we used to at UniSys West.

To go full frame or not to go full frame? What a problem!

According to my catalogue of pictures in Adobe Lightroom I took my first digital picture in 2001 using a Sony Cybershot. I am not too sure what the sensor size in the Cybershot was, but I am quite sure that it would not have been half-frame/APS-C. It was most likely something more like an eighth or tenth frame—in relative size.

Over the years I gradually worked my way up to half frame, the first of which was probably the Pentax K10D in 2006; and I have stuck with half frame/APS-C ever since.

But lately I have been thinking more and more about making that huge leap to full frame. This is problem that us keen photographers mull over from time to time. It is problem that never goes away.

The three main reasons I can think of for me to make such a move are:

  1. Better performance in low light—less digital noise; or at least an improved ability to reduce digital noise is post processing.
  2. Improved dynamic range.
  3. More 'room' for cropping.

Another less compelling reason to go full frame is to be able to produce amazing large prints. Unless, that is, you want to do lots of large prints—in which case cross out the 'less' from the previous sentence.

While the new Sony a7r Mk3 is just a little too expensive, there are some amazing deals now on the superseded a7r Mk2.

Hmmmmm.