The 'once every 20 years' Yealering Regatta and Markets

On Saturday this weekend (being the 28th October, 2017) I made the trip over to Yealering. I went over to meet up with a friend who was going to the Yealering Regatta and Markets; or it could have been the Yealering Markets Regatta. One or the other.

The markets are held on the edge of Yealering Lake—from whence the town gets it name. It seems that Yealering Lake is generally void of water, or only has a bit right in the middle. But this year Yealering Lake was full and it is quite a large inland almost-fresh water lake—by Western Australia standards anyway.

Below is a 160 degree panorama of the lake. This picture is 3,500 pixels wide, so if you are lucky enough to have a 4K computer monitor (which is 3,840 pixels wide) then you will be able to see it full size. The rest of us will have to be content with a reduced version; but SquareSpace will manage that for us and ensure we see the largest version that fits in our window.

But you can see that it is full. There is a speed boat docked in the right side of the pano.

The markets part of the Yealering Markets Regatta is pretty easy to come to grips with. They were markets selling mostly locally produced 'stuff' such as corrugated iron sheet do-dats, some wood crafty stuff, and other homeware what-nots and things. Oh. And there was a coffee van and a doughnut van, who together—I am pretty sure—took the most money of any other stall holders there.

The regatta part of the Yealering Markets Regatta does not involve 12 meter yachts. The local kids have been building various water craft from various materials over the last couple of months and the 'regatta' involves aged groups of kids racing to the end of the jetty, or the end of the jetty and back for the older kids.

Following are a couple of pictures of the regatta. These were taken with a polarising filter attached to reduce glare from the water, but this also makes the water look darker.

Following are a couple of shots of the onlooking crowd. One taken from the back and the other from the edge of the lake.

This next picture is an 18mm wide-angle shot of the market-road; along which the stalls were located. You can't miss the doughnut (or is is donut?) van at the end. The coffee van—which was a tiny Suzuki Swift with all the coffee making machines tightly fitted into the back of itwas just to the right of the donut van.

Finally, following are some snaps of the regatta craft before they were launched into the water. Click on any image to see it slightly larger (500 pixels high).

So, as I close out, there could be some people wondering why the title "The 'once every 20 years' Yealering Regatta and Markets". Well it seems that the last regatta was something like 20 years ago because there has not been enough water in the lake for the last 20 years that would have allowed the regatta to be held.

If it is 20 years to the next one ... then there is a chance I might not be around to see it.

Got the spices; now just need the new pantry to put them in

I have mentioned before that we are downsizing. The new house consists of the 'main' house and an attached granny flat. The granny flat is where the wife and I will live. The kids--my son and his fiancé--will have the main house.

Lately my son has got into barbequing ... big time. So he and fiancé have started buying BBQ (and other) spices to put in their new pantry. They have even gone to the trouble of buying little IKEA jars—all the same—to put the spices into.

The only problem with the plan is that the concrete slab for the new house has not even been put down yet. In fact, the builders have not even started preparing the site for the slab. So, there they are, imagining all these neat little jars of spices in their new pantry but the new pantry is probably still a good six to seven months away.

I guess it's good to dream.

In the meantime my son has his BBQ container. So all the spices, and all his other BBQ equipment including meat injectors and meat rubs, is currently in this container.

Oh yeah ... and notice all the neat labelling? They went an bought a label printer from Office Works to print all the labels.

Marginally disturbing fact: The fast moving rock we live on

I often find it a marginally disturbing fact that we all live on a spinning rock that is hurtling through space at 105,000 kilometres per hour (66,000 miles per hour for my American readers) as it loops around the sun; and then the sun itself is looping around the milky way galaxy at an astounding 792,000 kilometres per hour (483,000 miles per hour). So as the Earth loops around the sun at 105,000 kph it is also moving sideways through space at 792,000 kph as Earth is pulled along around the galaxy by the sun's gravitational hold on us.

In India, the top 16 richest = bottom 600 million

I just had to share this. It seems impossible. But according to this article by Moni Basu over at CNN the top 16 richest people in India have as much wealth as the bottom 600 million.

Another set of numbers from the same article states that the richest 10 percent of high wealth people in India own 80 percent of the money.

Another interesting statistic from Basu's article is that only 11 percent of Indian's own a refrigerator.

The final insight I will share is the half of India's population is under 25 years of age.

 [Image links to article]

[Image links to article]

Perth house prices still falling

This will not come as any surprise to anyone following the real estate market in Perth, but house prices are still heading south. In the last 12 months to the end of Sept the median price for Perth fell by 2.3 percent. CoreLogic are expecting the medium house price in Perth to end up around 2.5 percent down for the 12 months to the end of the calendar year.

As you can see from the CoreLogic table picture I found in the West late last week, the only two capital city zones to suffer a fall in house prices in the last 12 months to the end of Sept were Darwin and Perth.

Folks in Hobart, Melbourne, and Sydney will be smiling with upturns of 14.3, 12.1, and 10.5 over the last 12 months.

According to CoreLogic, due to the year on year falls the average property price for Perth has only increased by 2.3 percent in the last 10 years.

If this is true, and to me this seems like a worst-case view, then this is reasonably grim news for anyone who bought an investment property in the Perth metropolitan area eight to ten years ago. Not taking into account any tax offsets they may—or may not—have enjoyed, they would have been somewhat better off investing in the stock market or even putting that money into a fixed term deposit.

But this is the average. There are likely to be some regions that did much better, and, just as likely, some regions that have done a tad worse.

It doesn't seem quite so bad when you look at it from the median price view. The Perth median price ten years ago was $508,630 and is now $462,783. That's 'only' a fall in the median price of around $46k ... which somehow doesn't sound quite as bad.

The big question is obviously: "What is going to happen in the next two to three years?"

Well most forecasters have been telling us that the market that Perth prices had hit the bottom for the last three years. And they were wrong! But they are telling us again that prices have hit the bottom and to expect a small uptick in 2018.

I guess we can but wait and see.