Depends on your market Richard.  Hobby farms certainly a hard sell.  I woudn't say ANZ is the best choice, for a client, but they are still in the agri space and now that they have bought Landmark book certainly have sizeable market share. The quality of the book might be looking a little sadder though. They have agri specialists in most re…[Read more]

Hi S,ANZ used to go to 65% LVR on freehold property and 60% on leasehold.  ie up until sept 2009 at least, not sure if things have changed.  I work for another lender and we go to 60% at best.  Suncorp I think may go as high as 70% but I'm guessing you are close enough to check that one out yourself.  This is in regards to land.Most lenders wil…[Read more]

Hi Guys,  Interesting to see some Moura discussion pop up.   I too have an IP down there.  Got it built in 2007 by a local builder and have had it rented directly to Anglo Coal ever since.  Current lease was 460pw over 2 years til Dec 2010. Will admit to having stuck my head in the sand on this one, as I have not even seen it since handover and…[Read more]

Hi,

I have spoken to Spiro a number of times this year, trying to work out whether his service would add value to my portfolio.

At all times he has been reasonably quick to respond, quite helpful and easy to talk to. I am 90% of the way to becoming a member, just need to bed down another couple of other projects first before I finalise…[Read more]

Just a thought on this one from regional investment perspective.

I live in a remote regional town. Having watched and dabbled here for a year or two now, I would say that there is a definite buyers advantage Dec to end of Feb each year.

The logic here is that people coming into town in the new year are unlikely to know the area and will…[Read more]

Thanks trajik,

Turned out others wanted the property more than me, or more to the point they had deeper pockets. Thank you for the reply though

Rav

Wow, Would never have expected a taxi licence to have such good capital gain. food for thought. I guess the LVR is pretty stiff for such things though

Rav

Hi Dom,

I saw an add recently for taxi licences. The way I understood it, you buy the licence and lease it to someone else. Price was something like $380 000 returning $1000 per week total for 3 licences (from memory, roughly)

Can’t imagine there would be much management/time committment involved in that.

cheers

Rav

I think I saw the same doco Ashmason did.

The logic being that this particular conveyor/water current has a huge effect on the climate of the UK and neighbours. The increasing amount of freshwater coming in from the ice melts is slowing down the movement of the conveyor. scientists are worried that we will reach a critical point where the…[Read more]

Hi Guys,

thanks very much for the info.

Terry those links were very helpful. Now I just have to determine the difference between being “An australian resident for tax purposes” and a “permanent resident”.

I guessing that one has to actually apply for residency. Will do a little more chasing up

Thanks

Rav

Thanks Cameron,

I will follow that linlk up and see where I stand

cheers

Rav

Hi Dr X,

I have a couple of suggestions but their suitability would very much depend on the type/class of tennant and whether they were new to the area or not.

1. Meal Credit at a local eatery. Somewhere popular with locals and a private business rather than mainstream Franchise. Maybe a coffeshop or somewhere that does breakfast/brunch.…[Read more]

Hi Gross,

Am enjoying your Soup discussion very much.

Looking forward to hearing more on the progress.

cheers

Rav

Hi People,

I do wish forumites would stop making such personal judgements on others in forum.

The question initially was a generic one on the why’s and wherefore’s of establishing yet another delineated group.

My two cents is this.

Firstly everyone has been jumping to conclusions about it being a way in which to exclude male investors and the…[Read more]

Hi Guys,

For those of you offering per sq metre cost estimates.

Is this labour only ?
Or does it include materials such as grout and sealing products?

cheers

Rav

I wonder which caravan park they bought…

The two most likely are on the cloncurry edge of town, but you would not think them central enough unless someone is planning a heap more subdivision out breakaway estate way.

If anything I thought they would have set up at the bottom of the Healy subdivision and let the town keep expanding towards…[Read more]

Found a handy little document today and I stand corrected on my call about travel distances from Cloncurry to upcoming mine developments.

Details on how to access the document below. Hope I have not broken any forum protocol in doing this.

Cheers

Rav

abare’s list of major minerals and energy development projects
the full list…[Read more]

Hello Salacious,

I live in Mount Isa and totally agree with your optimism for the town. at least for the next 5 years.

It is perhaps time that vanessa updated her information sources ,as Xstrata the major employer here has a strict residental policy. you want to work for them you live here. A policy which has really turned things around in…[Read more]

Hi Guys,

I live in Mount Isa and work at the mine.

Just thought I would share a bit of talk going around here. could be nothing in it.

First is that a contractor is housing his workers in cloncurry 116km away, and using a light plane to fly them to work each day.?!!!

Second is that there is a joke down here that if we don’t pull up soon on…[Read more]

Hello Mark,

Good luck finding some advice on that one.

Judging from the figures you gave and the fact that it is Native Title Leasehold. I would say that you are dealing with a situation that has not really been tested yet.

Unfortunately your “lease landlord” may not really have a vested interest in the long term growth of the town. So…[Read more]