Have just come back from 4 days in Darwin, a city which I admit I don’t know too much about.

Had a look at properties in Gunn and Durack (about 20km from Darwin CBD) in the $250k-$300k range (from 6 to 8 years old on smaller land 300m2 to 450m2). There was a lot of new land being opened up in the Gunn/Rosebery/Bakewell area and the newly…[Read more]

What about not selling…and drawing funds out (80% of property value) by way of lo doc loan.

Ajax

Michael,

where I live (near Bondi) and for my immigration business I get to read a lot of magazines aimed at Backpackers. TNT magazine comes to mind. One backpackers in Sydney city advertises “We know what you want” and contains an excerpt from a girl’s diary…Tuesday date with cool hairdresser (Steve) I met at bar something…., Weds…surfing…[Read more]

Michael,

I was also trying to do something with the f… angle thinking of the pronunciation of Whakapapa ski field and other nZ locations. I think I got the sign wrong in my post…I’ve been told the sheep not the farmer should be wearing the gumboots (and the gumboots should be on backwards to stop the sheep walking away in a hurry).

Ajax

Sydney Morning Herald 29 November 2004

http://www.smh.com.au/news/Redfern-plan/Revealed-how-Redfern-will-be-reborn/2004/11/28/1101577357198.html?oneclick=true

“The State Government has a $5 billion plan to redevelop Redfern and the surrounding suburbs that involves seizing control of Aboriginal housing on the Block and letting private developers…[Read more]

All the information tabled before NSW parliament has been silent on any compulsory acquisition of properties in the block in Redfern. However the powers of the Redfern-Waterloo authority are wide ranging…they do not need normal local govt consents, don’t need to comply with the Heritage Act and as I understand are able to compulsorily acquire…[Read more]

To write off Redfern as a good place to invest would be a big mistake.

I bought here (East Redfern) in 1993 for $165k now worth $500k+. NSW govt. to spend $5bn in next 10 years on this area demolishing old housing commission towers/joint venturing with private developers to build mixed public/private housing and constructing road tunnels. The…[Read more]

Originally posted by Ajax:
Nervous Sheep Backpackers-NZ where the men are men and the sheep are nervous.

Big sign out the front with a nervous sheep and a farmer in gumboots with a glint in his eye sneaking up behind the poor animal .

Nervous Sheep Backpackers-NZ where the men are men and the sheep are nervous.

“we won’t be charging full rent (so it will be very neg. geared).”

The Tax Office might have something to say about that-negative gearing losses as a result of non market (no arms length) rent.

Ajax

sis,

I’m also a little confused by your comment “but for many share traders/investors hedging is a great way of increasing your capital.”

If you hedge a position you give away some of the profit by paying a person a premium for their willingness to limit your losses. I can’t how this is necessarily a great way of increasing your capital.

Being…[Read more]

Techa,

have been writing covered puts on particular stocks one strike below the current price 4 weeks out. Have been doing this since mid April. Strategy has been good up till now though it’s been stressful at times. Am looking for other strategies.

I’m not experienced in spread trades and other more sophisticated option strategies.

Ajax

Techa,

I’m interested if you’re willing to put the time into it. Am already using LOC funds to write put options for income but wish to mix my strategies.

Currently looking at a franked dividend strategy. I am not using margined funds (yet) though the potential leverage could be very large given LOC funds of say 200k and possible margin loans on…[Read more]

I found this link for margin loan rates.

http://www.infochoice.com.au/investment/marginlending/selector.asp

As far as I can tell no income test applies for a margin loan application .You simply need partial funds or stocks and the margin lenders will lend the balance up to their their pre-determined margin levels (if you wish to borrow that…[Read more]

Hi Greg,

in relation to your point 1

I can not see too many listed commercial trusts in Fin Review paying 12%. Deutsche Office Trust pays 7.56% (seems to be unfranked) Leveraged Equites permit 65% margin, Macquarie Office trust pays 8.4% (unfranked) Leveraged equities permit 70% margin. Commonwealth Property Office fund pays 7.73% (unfranked)…[Read more]

Originally posted by Pelicaninvestments:
Terry,

Yes, but how is the bank going to sell the property when there is a caveat lodged at the land registry ??? they would not be able to transfer name on title

My understandingn is the the bank can lodge a lapsing notice which gives the caveat holder a limited time to apply to the Equity Division of…[Read more]

diwilson,

I have been in Forbes during a large flood (when I was a kid).Some areas of the town were under water (though not the main streets which are higher up). Where the swimming pool and park is was a raging torrent of water which had moved 2 residential blocks up Battey Street flooding some houses.

I walked out on the railway line from…[Read more]

Am a bit concerned that Terryw is suggesting you apply to the Administrative Appeals Tribunal.

This tribunal deals with appeals by persons affected by decisions made by Commonwealth governemnt departments and agencies (such as a decision to refuse to pay Social security or refusal to commute a pension entitlement to a lump sum, decisions of the…[Read more]