Forum Replies Created
http://www.gladstoneobserver.com.au/news/rolling-with-industry-changes-in-our-region/2083607/ This article has a series of photos attached showing developments in Gladstone. Still lots of vacant blocks waiting for houses on residential sites. It will be quite a while (years) before demand can exceed this supply. But with the magnitude of investment and infrastructure going into Gladstone, it's clear this town will be a significant player in the economy in the future.
A preapproval binds neither you or the bank to anything. Your broker's previous advice could be interpreted as "just sign something and let me have my commission". You owe no debt or commitment to an advisor of that sort. I found my third and by far the best mortgage broker on this site. He has already replied to your request for help.
Joe, the "nothingness" is part of "The Neverending Story". I'm sure Freckle will still have plenty to say.
Hi cbarry You're in luck, you've struck the jackpot here with the respondents to your request for help. Ignore your previous broker's advice not to over analyze. Although it is said that one of the things which hinders success in any form of investment is failure to act, action without due deliberation often leads to failure. As Freckle has pointed out, your questions reveal the fact that you need to learn a bit more before diving into the deep end. The people who have offered advice to you here are well qualified to do so! I also know for a fact that several of them are receptive to private messages and would be happy to assist you in a private capacity. Best Of Luck
There is also probably a clause or two in the contract relating to delays due to inclement weather. This can actually legally extend the settlement date beyond the sunset clause. In practice, it seems inappropriate to me, as there is no requirement to factor in foreseeable average rainfall. I had an off the plan unit's settlement date extended by every day 2 millimeters of rain fell in Emerald. The standard OTP contract is prepared by the developer's solicitors for the developer, and is naturally weighted heavily in the favor of the developer. You should bear in mind the fact that throughout the duration of your wait for settlement to occur you will have to keep your finances in a state of preparation for the eventual call to settle, and any delays in settlement may inhibit your ability to expand your portfolio by taking on more debt, as further debt may be viewed by the banks as limiting your ability to service the loan you may need to settle your OTP purchase. Two months behind schedule is in itself no cause for alarm, but you should definitely review your contract and consider what the worst case scenario could be. Hopefully it won't come to that, but it's better to have your eyes open and see it coming than it is to get king hit.
This says it all:
The Carlyle Group’s Latest Investment… Trailer Parks
- Because the cost of relocating a home is expensive, residents are less likely to move away. “Our customers have no alternative shot at homeownership, nor do they [normally] even have the credit scores and quality to seek anything better,” Mr. Rolfe said. “They never leave the park they are in, and the revenues are unbelievably stable as a result.”
[/quote] Perfect description of a "captive market"
Final submissions to made regarding objections to GVK Alpha Coal mine October 25 in Emerald. Water, Water, Water…I have an interest in seeing the development of the Galilee coal deposits but I personally believe the proponents should be required to build dams and pipelines. http://www.cqnews.com.au/news/objectors-to-plead-for-lifeblood/2054810/
jmsrachel wrote:If something disastrous should happen, how well can you prepare for it before hand? Do we just sit and wait for the storm to come? Even if you sell all your assets, property, reduce debt, etc, if the “world should cave in” aren’t we all doomed to some point?Hi Joe I suggest you should subscribe to Foxtel and record and study the series "Doomsday Preppers" suggest
I was there from Apr07 and the market was simply up, no real cycles at all. He/she is simply talking the market up because its as dead as a dodo at the moment.
The Freckle LOL Hopefully it's chances of rising again are greater than those of the poor Dodo
Woohoo!!! Now if we could only get one of my mates from the Local into the Prime Minister's seat we'll all be laughing.
Crikeys ,vsixtyfour, I hope you're not about to supply more rental accomadation there! Too much competition already!
Hey Jack, here's an article featuring in a couple of the local papers regarding the approval by the Queensland government. As we've discussed before, water is shaping up to be a contentious issue with the Galilee mines. Gina is noted for buying up water rights. Somebody needs to build a dam.
Hi Iwannaplaytoo I agree with Dwolf's early opinion….things smell very fishy. This cowboy is unlicensed and uninsured. If anything goes wrong on your site, which is highly likely as i also believe he is UNQUALIFIED to do anything other than install antennaes, you could find yourself in a lot of trouble. Has he even offered to show you his electrician's license? Even if that exists, it doesn't qualifiy him to carry out the work for which he has quoted. As Joe has pointed out, legally he is only entitled to charge 5% in advance, not 33%. Instead of digging yourself in deeper, I think you should be getting out.
It seems as though the Queensland government has something to hide from the people they represent. They intend to lock up official documents relating to the mismanagement of Wivenhoe Dam, which contributed to the flooding of thousands of properties in and around Brisbane. To a normal sane person such as myself, who takes seriously the duty of care with which elected governments are entrusted by the electorate, this seems a gross violation of public trust. By my way of thinking, everyone involved in this cover up should be sacked, arrested, fined and imprisoned. But then again, unlike politicians, as I said, I take the duties and responsibilities of elected officials seriously.
THOUSANDS of internal documents obtained during investigations by Queensland’s $15 million public inquiry into floods and the operation of Brisbane’s Wivenhoe Dam are being withheld f rom public access and scrutiny for 30 years by the state government.
The controlling agency for the vast array of withheld documents and evidence is the Department of Justice and Attorney-General, which is also defending the government from a multi-billion-dollar damages claim being prepared by a classaction law firm on behalf of several thousand flood victims.
An examination by The Australian of brief summaries of some of the documents, which are held at a secure State Archives facility, show they include top-level correspondence, briefing notes and unheard evidence about the conduct of senior public servants and others involved in the Wivenhoe Dam, which was last year found by the inquiry to have been operated in breach of its manual.
It is unclear when the decision to prevent access to the documents was made, with the inquiry handing down its findings on the eve of last year’s election that swept Labor from power and installed Campbell Newman’s Liberal National Party government.
For the category headed ‘‘Briefing Papers’’, more than 300 files are included and consist of ‘‘documents produced by or provided to the Queensland Floods Commission of Inquiry for the purpose of briefing the commissioner and counsel assisting on matters relevant to the inquiry. Documents include formal briefing papers, reports, memoranda and notes’’.
Another category, ‘‘Operational Correspondence’’, consists of more than 1500 records ‘‘relating to the gathering of evidence’’, and includes documents arising from the inquiry’s requirement to government departments and individuals to produce evidence.
Another series consists of research and reference material collated by the inquiry in the course of its investigations.
The notebooks of the inquiry’s commissioner, Supreme Court judge Catherine Holmes, and the diaries of inquiry staff including investigators are also subject to a 30-year ban on public access and scrutiny.
The bans mean that material that could help flood victims in their case against the Queensland government and its insurers will remain unavailable for three decades. The lockdown of the flood inquiry documents that could be beneficial for flood victims in their legal class action comes amid an ongoing parliamentary investigation into a bungle by the state’s Crime and Misconduct Commission, which released thousands of highly sensitive documents from the Fitzgerald inquiry into corruption in the late 1980s.
The Fitzgerald inquiry documents, however, were meant to remain off-limits for 65 years because they identify confidential informants and protected witnesses who gave secret information about serious crimes, including alleged plots to murder magistrates and police in Queensland before and during the inquiry.
The floods inquiry, which went for 12 months and delivered its final report to the then premier Anna Bligh in March last year, made strong adverse findings over the operation of Wivenhoe Dam and conduct of three of the four engineers who managed it during the 2011 floods that devastated Brisbane and surrounding suburbs.
The inquiry found the dam was operated in breach of the manual at a crucial stage of the flood, and there was subsequent collusion and a cover-up to falsely purport a ‘‘facade of precision’’. Three of the four flood engineers were referred to the CMC, which determined they should not be prosecuted.
The engineers have repeatedly and strenuously denied wrongdoing, although Mr Newman and senior government figures have intervened to ensure the dam has been operated differently to manage subsequent floods.
Mr Newman has expressed concern that the state of Queensland, which owns and operates the dam, could be held liable for the losses of thousands of victims of the 2011 disaster. The proposed class action is being managed by law firm Maurice Blackburn, which has engaged overseas experts who have already concluded that much of the flooding was avoidable and would have been minimised if the dam operators had taken forecast rainfall into account.
In a statement, a spokesman for Attorney-General Jarrod Bleijie told The Australian the commission of inquiry had been conducted by the previous government. ‘‘However, in the interest of openness and transparency, the AttorneyGeneral would be willing to look at whether any documents could be released,’’ he said.
Mr Bleijie, whose office has been working closely with external lawyers for Wivenhoe Dam’s insurers, QBE, and a Lloyds consortium, could not confirm when the documents were declared off-limits and whether any demands had been made about the evidence remaining unavailable to flood victims.
Printed and distributed by NewpaperDirect | http://www.newspaperdirect.com, US/Can: 1.877.980.4040, Intern: 800.6364.6364 | Copyright and protected by applicable law.
Hey Freckle
Sometimes I avoid reading your posts because they tend to be a bit depressing. Reality doesn't paint a rosy picture. There's no denying that the Global economy is in trouble, and that huge debts have caused major imbalances. It seems everybody owes countless billions to everyone else. The U.S. and most of Europe have huge deficits. China also has huge debts. Who holds all the IOU's?
"Something's coming in the years ahead and it's going to end badly" On the other hand, these issues have been building for years, even decades, which I suppose makes an even bigger bubble, But somehow the day of reckoning has not arrived yet, and the world goes on.
"He will ultimately be credited in history books as the creator of the Greater Depression that destroyed the worldwide financial system and resulted in death, destruction, chaos, starvation, mayhem and ultimately war on a grand scale." Now there's a cheery statement. Sounds like he's referring to Satan
Derek wrote:Spill should have extended to the whole of parliament and let the people decide.The farcical games this lot are playing is amazing – they are there to govern for the people and not their own egos.
I absolutely agree Derek, as clearly the majority of Australians do. Under the circumstances, it seems a criminal injustice that we must continue enduring the pain they inflict upon us all on a daily basis. And to top it off we had to finance the silly games they played yesterday. I wonder how many useless hours all the participants wasted in preparation for the comic farce?
"Toowoomba is a great place to invest into for two reasons 1. its in Brisbane "?????
Even if that were true, it would hardly be worthy supporting evidence that it's "a great place to invest". Perhaps being in the Southern Hemisphere makes it "a great place to invest"
Hi Alfresco
"I've recently found out that my neighbour's house has basically been completely destroyed by termites internally."
I would be very concerned about where the termite's next meal is coming from. Also removing the tree may not have removed the queen termite, in which case that colony will be relocating to new accomadation. I would get a second quote, but I would get the barrier upgraded. Tax deductible.
