WA tradie prices soar as incentive-fuelled building boom continues apace

Mr Hasanovic said he was paying about 80 cents per brick pre-COVID-19, but a surge in demand for bricklayers had increased rates to about $1.80 per brick.

WA tradie Adam Hasanovic. Credit:Nine News Perth

“I’ve been gathering quotes to get it all done and it appears to be $30,000 more per house than what it was pre-COVID,” he said.

“A concreter would have been in the vicinity of $6000 a slab but now you are looking at $7000-plus.”

Mr Hasanovic, who runs a plumbing and electrical business, said he was concerned tradies were being rushed to “finish the job and do as many slabs as they can”, jeopardising the quality of the final product.

He said the market was in urgent need of more apprentices to help keep up with demand.

New Homes Building Brokers managing director Tristan Kirkham said the company was seeing increases in costs well over 11 per cent and encouraged first home buyers to beware.

“I spoke to a builder this morning and immediately he’s gone from $1 to $1.50 [per brick] in a week,” he said.

Homes Building Brokers managing director Tristan Kirkham.

Homes Building Brokers managing director Tristan Kirkham.Credit:Nine News Perth

Mr Kirkham said the public should expect the market bounce-back to increase supplier and trade prices, which had been “very low” for a long period of time.


“What people need to understand is that it’s not just the trade rate that’s increasing, supplies have gone up substantially in the last two or three months,” he said.

“Some of those rates had to increase. Should they increase to a reasonable rate? Absolutely.

“Should they get out of control like some of the numbers we are hearing? No.”

Mr Kirkham said property owners who had already signed a contract were in a much better position to navigate the price surge and encouraged first-time builders to get informed.

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UK house prices soar as homes in national parks attract premium | Money

UK house prices have risen at the fastest rate in almost six years, with properties in national parks attracting a higher premium, according to Britain’s biggest building society.

The average price of a home rose 0.9% to £229,721 in November from October, taking the annual growth rate to 6.5% from 5.8% – the highest since January 2015, said Nationwide.

Research by the lender indicates that nearly 30% of people considering a move were doing so because they wanted a garden or to be near parks and other outdoor space in the wake of the Covid-19 pandemic, and 25% were looking to get away from the hustle and bustle of urban life.

A property located within a national park attracts a 20% premium over an otherwise identical property, making it £45,000 more expensive. This is up from the 19% premium recorded last year and Nationwide said that the full effect of the pandemic had not been fully captured. Properties within 3.1 miles (5km) of a national park are also more expensive, and command a 6% premium.

The New Forest is the most expensive national park to live in, with an average price of £475,000 in villages such as Ashurst, Lyndhurst and Brockenhurst. Properties in the New Forest command an average premium of £95,000 compared with similar homes elsewhere.

The South Downs, which takes in a number of towns across Hampshire and Sussex such as Petersfield and Midhurst, is also popular, with an average house price of £368,000, and has the highest population of any of the national parks, at 117,900.

Andrew Harvey, a senior economist at Nationwide, said there were a number of benefits to living in or close to national parks: “Those living in the parks can make the most of the great outdoors with a range of activities on their doorstep. Development is also controlled, with limited new housing construction, which also helps to explain why prices tend to be relatively high.”

In recent months the wider UK housing market has been booming, with demand boosted by a temporary stamp duty holiday on properties up to £500,000. Mortgage approvals for house purchase were at their highest level since 2007 in October, at 97,500, according to the latest data from the Bank of England.

The latest pick-up in the housing market in November came despite a weakening economy, but Nationwide warned that the market would soon slow.

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Robert Gardner, the Nationwide chief economist, said: “Data suggests that the economic recovery had lost momentum even before the latest lockdown came into effect. Economic growth slowed sharply from 6.3% in the month of July to 2.2% in August and 1.1% in September … Rising infection rates and tighter social restrictions will have resulted in a further hit to growth in October and November.

“Housing market activity is likely to slow in the coming quarters, perhaps sharply, if the labour market weakens as most analysts expect, especially once the stamp duty holiday expires at the end of March.”

Unemployment is forecast to rise to 7.5% next year, from a current rate of 4.8%. That would mean 2.6 million people unemployed by the middle of the year, after furlough comes to an end and companies struggle to stay afloat or retain some staff.

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Temperatures set to soar across the southern ranges | Goulburn Post

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Summer clothes and a cool place out of the sun will be a high priority for the next week as the mercury is set to soar according to the Bureau of Meteorology forecast. Residents across the Southern Tablelands and Southern Highlands can expect a top of a warm, but bearable, 29 today. There is also a possibility of thunderstorms into the afternoon and evening across both regions. READ MORE: However, the mercury is expected to sneak up over the next few days reaching a forecast 34 in Goulburn on Sunday, November 29 and an even hotter 36 on Tuesday, December 1. Saturday and Sunday are also expected to be windy. Meanwhile, those in the Southern Highlands can expect a forecast top of 34 on Saturday, November 28, followed by hot and windy conditions with a temperature high of 33 on Sunday, November 29. There is some temperature relief forecast for Monday, November 30 with an expected top of 24 before the heat returns for the first day of summer on Tuesday with a top of 34. Conditions are expected to return to a comfortable 25 in Goulburn and 21 in the Southern Highlands on Wednesday, December 2. The fire danger range for the area is Low-moderate on November 26 and 27, before being increased to High on November 28 and Very High on November 29.


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Stock Market Rally Rotation Over As Coronavirus Cases Soar? Qualcomm Near Buy Point; Apple Stock Looks Tired

The stock market rally has a wild two weeks, with record coronavirus cases and upbeat Covid vaccine news swinging sectors back and forth. But in many ways, the market is back where it was, with many tight weekly closes and growth stocks back in favor.


The Nasdaq composite has actually formed a three-weeks-tight pattern. So have Apple (AAPL) chipmakers Qorvo (QRVO) and Qualcomm (QCOM), along with marijuana stock Innovative Industrial Properties (IIPR).

Meanwhile,  Apple stock, Microsoft (MSFT) and Amazon.com (AMZN) are looking tired. The megacaps were big winners during the coronavirus stock market rally from April-September. But lately they have struggled to keep pace with the broader indexes.

Microsoft stock is on IBD Leaderboard, while Apple is on the Leaderboard watchlist. MSFT stock also is on IBD Long-Term Leaders. Amazon stock and Innovative Industrial Properties are on the IBD 50.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live.

Coronavirus Cases

Coronavirus cases worldwide reached 58.49 million. Covid-19 deaths topped 1.38 million.

Coronavirus cases in the U.S. have hit 12.45 million, with deaths above 261,000.

The U.S. topped 200,000 cases for the first time on Friday. Hospitalizations are soaring, overloading many local hospital systems. With states and cities increasingly raising restrictions and social distancing increasing, the economic recovery could begin to stall out.

On Saturday, the FDA approved an Regeneron (REGN) antibody cocktail for treating coronavirus patients. President Trump received the Regeneron treatment when he had Covid-19.

Pfizer (PFE) and BioNTech (BNTX) filed for FDA approval of their coronavirus vaccine. Moderna (MRNA), which released strong interim data  on its Covid vaccine last Monday, will likely follow in days. An FDA advisory panel will meet in early December to discuss coronavirus vaccines, with FDA approval likely soon after.

Stock Market Rally Last Week

U.S. Stock Market Today Overview

IndexSymbolPriceGain/Loss% Change
Dow Jones(0DJIA)29263.28-219.95-0.75
S&P 500(0S&P5)3557.65-24.22-0.68
Nasdaq(0NDQC )11854.97-49.75-0.42
Russell 2000 (IWM)177.47+0.16+0.09
IBD 50 (FFTY)38.34+0.13+0.34
Last Update: 4:06 PM ET 11/20/2020

The stock market rally had a mixed week for the major indexes. The Dow Jones Industrial Average fell 0.7% in last week’s stock market trading. The S&P 500 index retreated 0.8%. The Nasdaq composite edged up 0.2%.

Growth stocks fared well overall.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.9% last week. So did the iShares Expanded Tech-Software Sector ETF (IGV) and VanEck Vectors Semiconductor ETF (SMH). Microsoft stock is a major IGV holding.

Three-Weeks Tight

A three-weeks tight is when a stock ends the week within 1%-1.5% of the prior week’s close, for two straight weeks. The buy point is 10 cents above the high point of the tight pattern. It’s a chance for add-on buys, but also new positions if the tight pattern is close to a prior base.

Qorvo stock

Qorvo stock fell less than 0.2% last week to 147.39, following a 0.2% rise the prior week. The three-weeks-tight is just above a prior, messy consolidation, consolidating following a jump on earnings. The buy point is 154.53. However, 151.31, just above last week’s high, also could be an early entry.

The relative strength line for Qorvo stock is just below all-time highs. The RS line, which tracks a stock’s performance vs. the S&P 500 index, is the blue line in the charts provided.

Qualcomm Stock

Qualcomm stock rose 1.2% last week to 146.03, ending near weekly lows. That followed 0.5% decline in the prior week. The tight entry is 153.43, according to MarketSmith analysis. Like Qorvo stock, QCOM stock consolidated tightly following a strong gain on earnings.

Both Qualcomm and Qorvo are Apple chipmakers and 5G plays. With 5G wireless taking off and the new 5G iPhone just launched, both chipmakers are in sweet spots.

IIPR Stock

Innovative Industrial Properties stock surged on election results, with more states legalizing marijuana and Joe Biden the apparent winner of the presidential race. Last week, IIPR stock dipped 0.3% to 151.95 after edging up a few cents in the prior week. The buy point is 165.09.

Innovative Industrial Properties is a REIT that owns properties for growing marijuana.

Not-So-Young Growth Stocks

There comes a point in life where you may have a steady workout routine, staying relatively fit, better than most. But when you have do something really strenuous — playing a long, intense basketball game, helping someone move, etc. — you can still do it. However, now you feel the effects for days.

That’s what it can be like for Apple, Microsoft and Amazon stock. These megacaps went on strong runs in 2020, with Microsoft stock outperforming the S&P 500 for years. But at some point these megacaps have to take a rest.

These 5 Stocks Are Flashing Multiple Buy Signals

Apple Stock

Apple stock fell 1.6% last week to 117.34 after rising 0.5% in the prior week. Shares are still above their 50-day moving average. But in the post-election stock market rally, Apple stock hasn’t broken trend lines or other aggressive entries.

On the other hand, AAPL stock is that far away from clearing recent resistance with a 122.09 entry or at 125.49. The official buy point is 138.08.

The RS line for Apple stock went on a strong run from January 2019 and finally peaked on Sept. 1. Since then it’s been going sideways.

Microsoft Stock

Unlike Apple stock, Microsoft actually broke out briefly on Nov. 9, when the Pfizer coronavirus news came out, but then reversed lower to close just below its 50-day line on Nov. 10. Microsoft stock fell 2.8% last week, just below its 50-day line, after a 3.2% drop in the week prior.

Microsoft would seem to be well-positioned in the current volatile market, given its strong growth before and during the coronavirus pandemic.

But the RS line has been trending lower since early July, especially in the last two weeks. Long-Term Leaders like Microsoft can go through those stretches after long periods of outperformance.

Buying off the 50-day/10-week line can be a smart strategy for Long-Term Leaders, but investors might want to wait until MSFT stock clears very short-term resistance, with a 219.21 entry. A new handle has formed with a 228.22 buy point.

Amazon Stock

Amazon stock dipped 0.9% to 3,099.40 last week after a 5.5% tumble in the week before. Shares of the e-commerce and cloud giant have been below the 50-day line most of that stretch.

As with Microsoft stock, the RS line for AMZN stock has been falling since early July.

The official buy point is 3,552.35, though 3,496.34 would work. An early entry for Amazon stock could be 3366.90. An especially aggressive investor could draw a trend line from the latter two points to find an even-lower entry. But would you want to?

Stock Market Rotation

After a violent rotation out of stay-at-home stocks into “real economy” coronavirus vaccine stocks in the prior week, there was a general return to growth and even some pure Covid plays such as Zoom Video (ZM).

So, stock market rotation over? Maybe, but perhaps not for long.

Yes, investors are once again focusing on stay-at-home stocks with record coronavirus cases and restrictions intensifying. But if all goes according to plan, two coronavirus vaccines will be approved in just a few weeks, with perhaps two more by February. While vaccinations will take several months, at some point the pandemic will recede and the economy can fully recover.

As for real economy, coronavirus vaccine stock plays, Boeing (BA) closed well off highs, but still gained 6.7% last week. Fellow Dow Jones stocks Caterpillar (CAT) and JPMorgan Chase (JPM) edged higher after big gains in the prior week.

The ideal situation would be a broad-based stock market rally. Not only would that provide investors with more options to buy, but the market might be less-prone to big sector swings.

But, for now, the swing between stay-at-home stocks and coronavirus vaccine plays may continue for some time. Just as you don’t want to be overly concentrated in a particular group or sector, don’t be too weighted in one particular coronavirus investing theme.

Many stocks are doing great and are well extended. But aside from a few names like Qorvo and Qualcomm stock, there aren’t a lot of good setups right now. However, a few good days could bring more stocks into play, including Apple, Microsoft and even Amazon stock.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.


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US coronavirus cases soar past 12 million as Americans warned against Thanksgiving travel

The number of COVID-19 cases in the United States surpassed 12 million on Sunday, according to the Johns Hopkins University real-time tracker, just days ahead of the Thanksgiving holiday that health experts have warned could fuel the surging spread of infection around the country.

The milestone marks a worsening of the country’s COVID-19 epidemic, which has claimed a quarter of a million lives in the United States, more than in any other nation, and has prompted more than 20 states to impose sweeping new restrictions this month to try to curb the virus.

Data shows the pace of new infections in the United States has quickened, with nearly one million more cases recorded in just the last 6 days since the country recorded 11 million. This compares with the 8 days it took to get from 10 million cases to 11 million cases, and the 10 days it took to get from 9 to 10 million.

Health officials have warned that the wave of infections could soon overwhelm the healthcare system if people do not follow public health guidance, particularly around not traveling and mingling with other households for the traditional Thanksgiving celebration on Thursday.

The US Centers for Disease Control issued a “strong recommendation” to Americans this week to refrain from travelling over Thanksgiving.

“We’re alarmed with the exponential increase in cases, hospitalisations, and deaths,” CDC official Henry Walke told reporters.

Many Americans appeared to defy that guidance in the days leading up the holiday. On Friday, video footage on Twitter showed more than a hundred people, wearing masks, crowding departure gates at Sky Harbor airport in Phoenix, Arizona.

The number of people in the United States traveling by air for Thanksgiving was expected to decline by 47.5 per cent from 2019, while the number traveling by car was only expected to fall by about 4 per cent, according to a report released earlier this month by the American Automobile Association.

“For those who are considering making a trip, the majority will go by car, which provides the flexibility to modify holiday travel plans up until the day of departure,” AAA senior vice president Paula Twidale said in a statement.

As the United States set a new record for COVID-19 cases on Friday – 196,815 infections in a day – Pfizer said it would seek emergency-use authorisation of its vaccine from US regulators, the first such application.

At a press briefing on Friday, the nation’s top infectious disease expert Anthony Fauci likened Pfizer’s vaccine and others like it to “cavalry” coming to the country’s aid, and he said Americans should meanwhile continue to follow measures such as social distancing and the use of face masks.

“If you’re fighting a battle and the cavalry is on the way, you don’t stop shooting. You keep going until the cavalry gets here,” Dr Fauci said.

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COVID-free regional Victorians want answers on mandatory masks as temperatures soar

With temperatures set to soar past 40 degrees in parts of the state today, the Victorian Government is under increasing pressure to lift mandatory mask rules, especially in regional towns free of COVID-19 for months.

As the state celebrates more than a fortnight without a new case of coronavirus, regional Victorians who work in manual jobs outdoors say masks are becoming a health and safety risk with the weather warming up.

The mercury is forecast to hit 42 in Mildura today and settle in the 30s across much of the state and many regional Victorians, including the State Opposition, are urging the Government to make masks optional.

East Gippsland traffic controller, Deana Mills, 19 spends long days standing on country roads and using a UHF radio to manage traffic flow on roadwork sites.

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Premier Daniel Andrews said wearing face masks would help keep case numbers low.

She wears a mask for 12 hours a day and said she struggles to breathe in hot weather.

“With a job like mine, it makes it difficult to communicate with all of our workers on the road, it makes it difficult to breath because it gets really hot, really sweaty,” she said.

‘Pointless’ on deserted beach

Gippsland’s Ninety Mile Beach is famous for long, empty stretches and registered nurse Jennifer Luke, 56, who wears a mask all day at work and when she goes supermarket shopping, says they are pointless when she walks her dogs on the deserted sands.

She opts instead to keep hers in her back pocket.

Woman at beach walking two dogs
Nurse Jennifer Luke, 56, says she unmasks when she’s alone with her dogs on Gippsland’s Ninety Mile Beach.(ABC Gippsland: Kellie Lazzaro)

“If you are in a place like this where social distancing is easy then there’s no need to wear it,” she said.

“I understand why we’re using them and I think they’ve done a great job of reducing the virus in Victoria without a doubt, but I think in a wide open space where no-one’s around there’s no point wearing it.”

‘Should be common sense’

Yesterday, Victoria celebrated a milestone 15 days in a row of “double doughnuts” — zero new cases overnight and zero deaths.

Nationals MP for Gippsland South Danny O’Brien said Victorians had done enough and it was time to make masks optional.

“We’re meant to be moving to the last step under the original roadmap but apparently that’s been thrown out the window,” he said.

Danny O'Brien MP
Nationals MP Danny O’Brien says Victorians understand when they should minimise risk and when they can go mask-free.(ABC Gippsland: Kellie Lazzaro)

“I think people understand the need to minimise the risks and we can do that by continuing to wear masks in supermarkets, in Bunnings, in enclosed indoor spaces with lots of people.

“But it doesn’t make any sense to be making people wear a mask when they are walking around the street on their own or working outside on their own.

But Victoria’s Deputy Chief Health Officer Professor Allen Cheng said maintaining mandatory mask rules could enable authorities to reopen more businesses sooner.

Professor Cheng said Victorian health authorities were monitoring what was happening in New South Wales and the proposed travel bubble with New Zealand before making any changes to mask rules.

“What we would probably say is that you would need to wear your mask indoors but not outdoors but that would depend on the situation at the time,” he said.

“I would expect (that) within the next month but the exact timing again, depends on the situation,” Professor Cheng said.

‘Time we separate’

After sewing more than 2,000 masks since July, Sale-based embroiderer Jenny Bennett, 64, can make one from scratch in 10 minutes.

She has purchased a stockpile of Christmas-themed fabric to meet her next series of orders but is hoping she can part ways with her own mask.

“We’ve had a close relationship, my mask and I, but now I think it’s time we separate,” she said.

A woman sits at a sewing machine
Jenny Bennett says she has sewn more than 2,000 masks during the pandemic and is ready to part ways with her own.(ABC Gippsland: Kellie Lazzaro)

“I am happy to wear them inside and at supermarkets and things like that but I think when you are walking on your own, we can be separate.”

It is not yet known if mask rules will be eased when Premier Daniel Andrews introduces the next stage of Victoria’s roadmap to reopening on November 22.

The Police Association of Victoria said it had not received any significant backlash from regional Victorian police about having to issue $200 mask infringements.

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Blues’ hopes of three-peat soar as Kelly and Apps win fitness battle

But Patmore said huge efforts from Apps and Kelly, along with NSW medical staff, has allowed him to selet both players.

“They’ve done some great work,” Patmore said. “They’re running freely and they are all set to go this week, they’ll be named in the 13.”

Kelly was seen screaming in pain after the weight of Broncos star Amber Hall fell on her ankle during an awkward tackle during the game.Credit:NSWRL images

Kelly was seen screaming in pain after the weight of Broncos star Amber Hall fell on her ankle during an awkward tackle during the game. The tackle followed a nasty hair-pull that saw Hall suspended from the game for a week.

“They were pretty horrendous injuries, especially Issy,” Patmore said. “I took a deep breath when I saw that happen.”

The Blues squad are completing two weeks of hotel isolation after flying up to the Twin Waters Hotel on the Sunshine Coast on October 30.

Patmore said naming Apps and Kelly in the 20-player squad had been a “risk” given no other players could be brought into the camp if needed due to the COVID-19. But he always had quiet “confidence” the duo would be fit by November 13.

“If they were in braces coming into camp I probably wouldn’t have brought them,” Patmore said. “You like to go in clean, knowing that everyone is fit and ready to go. Having two weeks, I just had to trust the medical staff.”

Both Apps and Kelly will provide some much-needed experience in the young Blues side, with Patmore recognising how the Broncos form will transfer to the Maroons squad this year.

“I rely on those two,” Patmore said. “When they speak, it’s not over-speak, it’s direct. They understand the situation from all the big games they’ve played. They’ve been here before.”

The Queensland side features 12 Broncos players in the 20-player squad, meaning the majority of the team is coming off the back of a three-peat NRLW premiership.

“Their combinations are outstanding,” he said. “They’re going to be a big improvement of last time we played them. We’ve been spoken about all of those dangers and we’ve got to be at our best.”

Both Apps and Kelly were injured in week two of the NRLW competition and ruled out of the rest of the season.

Both Apps and Kelly were injured in week two of the NRLW competition and ruled out of the rest of the season.Credit:NSWRL images

The coaching staff has sat down with Broncos star Millie Boyle who also plays in the Blues camp to gain some insider information on the “abilities and qualities” of the squad.

“Millie is certainly someone we’ve had some good chats to for some insight,” he said. “She’s given up a little bit. She is a Blue through and through and she is just as desperate as anyone to prove herself on Friday.”

Women’s State of origin


1. Botille Vette-Welsh 2. Jessica Sergis 3. Tiana Penitani 4. Isabelle Kelly 5. Shanice Parker 6. Corban McGregor 7. Melanie Howard 8. Simaima Taufa 9. Keeley Davis 10. Millie Boyle 11. Kezie Apps (c) 12. Shaylee Bent 13. Hannah Southwell.

Bench: 14. Quincy Dodd 15. Filomina Hanisi 16. Sarah Togatuki 17. Yasmin Meakes.


1. Tamika Upton 2. Shenae Ciesiolka 3. Julia Robinson 4. Lauren Brown 5. Karina Brown 6. Tarryn Aiken 7. Zahara Temara 8. Chelsea Lenarduzzi 9. Brittany Breayley 10. Stephanie Hancock 11. Tallisha Harden 12. Tazmin Gray 13. Ali Brigginshaw.

Bench: 14. Rona Peters 15. Annette Brander 16. Shannon Mato 17. Shaniah Power

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