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Don Nicolussi
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@don
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December 16, 2005 - 11:42 pm
There is nothing she can do to reduce this tax: 50% of what she earns goes to the government. They donâ€™t have to work 16 hour shifts in emergency without a break and only a couple of biscuits with a coffee if you are lucky enough to find a few minutes of free time.
There is something very wrong with taxing 50% of compulsory overtime.
Surely the highest personal tax rate should be the same as the corporate tax rate!!! Not going to happen but a nice thought anyway.
Cheers
Don
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Don Nicolussi
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December 16, 2005 - 8:39 am
Hi proph3t
Not making a comment about Jamie but what is so wrong with ASIC??
Regards
Don
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Don Nicolussi
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December 15, 2005 - 9:55 pm
Hi Zach,
These numbers are pretty fantastic. Derek is spot on as usual. You have a chance to have the best of both worlds.
My 2 cents. Don’t sell until you have a plan/alternative use for the funds.
If your numbers are accurate you could always fund the new investment with an equity product while you place the property on the market.
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Don Nicolussi
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December 15, 2005 - 1:14 pm
hi,
agent was from todd – we have viewed many of his listing but have not brought one through him yet.There is one property he has that we like but the owner is dreaming.
That block show was very cool. Not that I would spend the kind of dollars they did on a reno but It was good to see how peoples personal taste can impact on the perceived value of a home.
I think one of the forumites posted that the bondi units are now selling for less than they auctioned last year.
You are spot on about buying in family area’s. Demand from families buying homes is the real kicker for long term growth rather than bursts of sporatic investor demand. Investors tend to jump in and out without adding value or improving the homes/area.
D&L Property Projects NZ Ltd
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Don Nicolussi
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December 14, 2005 - 10:15 pm
The lastes news from some of the agencies is that they are simply dropping the problem properties and landlords. Just not worth their while.
They are also refusing quite a few application for management. The cost benefit is just not there. Managers are spending all their time on the 10% of trash properties on the role while the dilligent landlords miss out.
Fair enough too.I go through these properties all week long as people try to sell them.
Not doubt people will buy them after sticking the “potential rent” in investment detective or a spreadsheet.
That’s their choice but you can’t expect property managers to turn a bad investment around with a close to zero budget.
Bad news if you have bought badly. Good news if you have a good property.

D&L Property Projects NZ Ltd
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December 14, 2005 - 9:54 pm
Who have you been talking to lately Dazzling. Who says ticketyboo anymore. [biggrin]
Don
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Don Nicolussi
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December 14, 2005 - 1:37 pm
maybe the long awaited site renovation may solve this problem!!!
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December 14, 2005 - 1:17 pm
The seperate Dunedin College of education is also advertising for students to study out of invercargill for its Teaching undergraduate courses and professional development masters courses.
Just drove past this building today and they are adding a new wing to the complex.
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December 14, 2005 - 1:08 pm
yeah i would be interested too!!!!
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December 13, 2005 - 9:46 pm
Not really sure dazzling. The TV news in NZ thought it was news to show the news reports of the story in other countries in their news.
So I got to see the brits and yanks talk about the “race riots” in OZ.
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December 12, 2005 - 2:50 am
” More houses sold and in the fastest time in Invercargill in October, compared to any other month in the last year”
Average time to sell 20 days
Median rent for three bedroom house $177 for october.
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December 10, 2005 - 8:34 am
Just wanted to add that something that is great for your confidence is to sit down and review what you have actually achieved.
You may be surprised at what you have done!!!.
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December 9, 2005 - 10:26 pm
Hi Hernus,
Thanks for the feedback on the information sheet.
Cheers
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December 8, 2005 - 10:11 pm
So harry,
are you saying that you are a lemming following the crowd in and out or would you buy some of these properties now (that you mentioned in your post) before they appreciate and make some actual money. Not being facetious but not quite sure which way you are leaning. Are you saying it is easy to do. Have you been able to achieve success?
Sim
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December 8, 2005 - 9:15 am
Hi Hernus,
I have an info sheet about what my company, D&L Property Projects Ltd can offer. Email me and I will send it through.
Cheers
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Don Nicolussi
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December 7, 2005 - 9:36 pm
Yes Kiwiduvet! We are nearly the same age (You are my senior by a little bit) and I suppose impatience comes with the territory.
Does this mean we should slowly and diligently acquire good properties over time or jump in and out of the market taking profits as we go.
This was the original question. The title of the post may have directed the discussion in the wrong way.
Another question. If we are out of property in years of flat and negative real growth where is our money. What strategies have the forum member adopted. Let’s not get one tracked. Property is not the only investment vehicle.
The way I see it is that you need a strategy which will constantly change and be reviewed as the world around you changes.
But you need to take a position in each market – in – out – hold – other assests – money under the matress. We can’t just say that macro fores will rule and it is all too hard. Hopefully, we have a strategy for events as they transpire rather than just react to them as they happen.
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December 7, 2005 - 8:31 am
So, by all means, if Mr(?) O’Rourke wants us all to go out and buy a house now, hold it until 2020 and have an asset worth $2 Million if in Melb or $2.7 Million in Sydney, he should at least tell us to expect interest rates to average above 10% and to hit the high teens (an extra $600 to $700pw) at least 3 or 4 times before then. And he should be advising us to budget for $7.00+ petrol. And the average wage earner will be earning over $250,000 a year (nearly $150/hr).
S0 you own 10 properties today that will be worth 27 Million dollars in 2020. Average wage is $250k.
You have a portfolio worth 108 years wages. That would be a nice retirement nest egg. That would probably set up a few generations.
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December 6, 2005 - 9:48 pm
There is a huge difference between investing and speculating. As you have indicated you are a gambler I guess speculating is your forte. I have made the conscious decision to be an investor.
Could not agree more.
It is very tempting to become a speculator. There is a degree of risk in every investment.
But – are there any others who may or may not have read the article find themselves in this position. Sold a property 10 or 20 years ago that if they held it could have changed their lives? If you sold what did you do with the money.
Cheers
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December 6, 2005 - 9:38 pm
Hi Foundation,
The article says that O’rouke is the vice president of the FIABCI – world federation of real estate – or maybe the australian chapter. who knows what the peopl do.
Anyway – can you check these figures from the article. It reckons the source is BIS shrapnel. reia.
Melbourne
1970 $11,800
1980. $40,800
1990. $140,000
2000, $241,000
2005, $363,000
I am not from melbourne (although) there are numbers for each major capital city.
The point the article also makes is that “most people don’t benefit from the growth in property prices because they only own one home.”
Who knows what they mean but I will use that comment to inspire the next question.
If in 1970 you bought 10 or 15 median priced 1970 melbourne properties geared to a ratio that was sustainable at your current 1970 wage.You then stopped buying property or any other investment at that point. Would you today wish:
A) You sold them?
You kept them?
c) B + laughing all the way to the bank as your gain is CGT exempt as it is pre the act/amendment?
D) Wish you had brought 10 Leyland P76 motor vehicle instead.
Feel free to add an option or change the city or any of the variables. Lets have some fun!!
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December 4, 2005 - 10:15 pm
Flying home to the hunter valley to visit family and friends.
Huge Christmas eve party ( Austrian Heritage) and then relaxed bbq on chrisi day. Couple of games of kelly pool and cricket.
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