Check with the relevant revenue office in each state but I am pretty sure that in NSW Stamp Duty is payable within 30 days of a contract being signed (or a similar timeframe).

In Victoria Stamp Duty is not payable until the wrap purchaser transfers the properties title into their own name. Some people see this as a chance to defer, maybe for 30…[Read more]

Hi Yack!

It went well – all be it with few people.

However the optimist in me says that this was actullay a really good thing because it allowed everybody to get to know one another better than they otherwise would…

Superdomo thought we might have seen you there…hopefully we’ll meet in the near future…

For those interested Michael…[Read more]

Jeff you are right. Shell was only considering moving out of the retail fuel market. I am not sure how serious they were about this – probably more just interested in diversifying their profits through expansion into other areas.

I was surprised when I heard how many pies the big oil companies have their fingers in.

Some of the mining contracts…[Read more]

Originally posted by David e-noosa:
The problem with this is the “POOLED FUNDS” being invested. Also 99% if not all of HYIP’s or High Yeild Investment Programs are fraudulent.

The ASIC investigation found that QN operated an illegal investment scheme by pooling and investing some of the funds received from investors in high yield schemes in…[Read more]

As mentioned the margins on fuel are pretty skinny so much so that a friend of mine worked on a report for Shell back in 2002. They were looking at viability of continuing in the retail fuel market, and even considering exiting the Australian market if they could not make it work.

Since then they have made some big moves rather than exit this…[Read more]

Just a reminder folks that the lunch is this weekend! Sunday 18th July.

Hope to see you there [biggrin]

Greg

Hey BongoBongo

I hope your not holding out on us here…

Have you got any more info to post about this?

Sounds like an interesting idea…

Greg

Here are another couple of handy sites for people in sunny Victoria…

http://services.land.vic.gov.au/landchannel/content/interactivemap

http://www.dse.vic.gov.au/planningschemes/

Enjoy,
Greg

Thanks for the link Jo.

I thought I would look up the area where I am renting here in sunny Carlton and found that we are paying more per year in rent than it is even worth! Is this a 100% yield? [lmao]

“Currently the median sale price of houses in the area is $26,137.”

Greg

Check on the LVR the Bank of Vanuatu will give you – I heard its about 40%. So they obviously have some concerns!

Also most of the land is owned by the chief and is on a 200(?) year lease which ends in about 70 years. Depends on your outlook, but it could become worthless if the chief announces he is taking the land back with no compensation. Too…[Read more]

Another tricky little media release from ASIC – and they paint themselves as being or protectors/saviours from the rogues!

It barely mentions why the liquidators were appointed. Looks like they did not cough up $150,000 to have a prospectus registered with ASIC and therefore did not comply with the Managed Investments Fund legislation.

Some…[Read more]

I remember as we drove from Istanbul to Gallipoli in the bus every town we went through – and I mean every town – had a multi level concrete shell of an apartment building. None of them had progressed past this point of construction.

All of them had clearly been in this state for a number of years. I asked the bus driver/tour guide and he said…[Read more]

If it is done the way I think it is very handy because the owner keeps the tax deductions, shares in the capital growth and collects positive cashflow as well.

It is very different to wraps and may even give you more control over the entire process.

I look forward to the new info you have to post.

I think in the end though you have to be very…[Read more]

Hi BongoBongo!

Was the the ad that was on the front page of Domain in The Age on Saturday. I wondered how it worked – the explanation was a bit jumbled.

Are you thinking of being a tenant or investor? What info/suggestions are you after?

I am familiar with the concept but not by this name.

Greg

Hi Ray!

I am open to suggestions and I think South Melbourne is a good choice all considered as it is pretty easy to access whichever direction you come from.

Also there might be people from sunny Geelong or that end of the land who might like to join us too. I guess we’ll see what people propose and if nothing better comes along we can stick…[Read more]

Hi superdomo!

The Vendor Finance Wraps Association (VFA) meetings are great for info. Have you checked out the website? I have found the forum there very useful.

I don’t remember the discussion when the original meeting was organised – but the lunch did go very smoothly and I think it is fair to say that even when you think you know enough to do…[Read more]

I think you have a good point there Felicity.
The last lunch worked out so well I think we should keep things exactly the same – If it ain’t broke don’t fix it!

We should keep the criteria for those attending to either have done or be in the process of doing their first wrap(s).

If people want to let me know if they can make it, maybe a bit…[Read more]

Nice work Superdomo!

Now that we have a venue lets commit to it.

I remember that last time the hardest thing was deciding on a venue – with a last minute change, because the one chosen does not trade on Sundays [blush2]

Anyway I think Superdomos suggestion is a fine one and I will be there… What does evryone else think?

Lets make it a great…[Read more]

Hi Lozza,

Lets get another meeting organised. I was thinking about it just the other day.

Maybe we could say Sunday the 18th July. That gives eveyone 4 weeks warning and it is after the school holidays.

What does everybody think? You are all welcome.

Cheers,
Greg.

Hi SIS,

There is/was an ebook called ‘Australian Lease Option Handbook’ or something similar. It sold for about $80 but looking on google one site says that it is no longer for sale as it is being revised.

I bought it about 18 months ago and found some good info in it.

Greg