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    Hate to give you bad news Diane, but SA already has land tax. There is a threshold of $50,000 (land value only) and then $50,001 to $300,000 it is .35% of each dollar above $50,000.

    This is only for property you own other than you PPoR.

    ‘Eat rich food, barbeque a yuppie’

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    I was watching that until about 7pm and missed the end. Good on the K1W1’s for sticking it to the Sith Ifricans.

    I love it when they lose!

    ‘Eat rich food, barbeque a yuppie’

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    Very true Muppet.

    I needed that after hearing some sad news toady.

    Thanks

    ‘Eat rich food, barbeque a yuppie’

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    Good on you Rocky for getting into property investing. You have taken the first step now and it should get easier from here. Just make sure you have a good property manager in place and reap the rewards.

    ‘Eat rich food, barbeque a yuppie’

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    Whats the score Westan, it must be close now?

    ‘Eat rich food, barbeque a yuppie’

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    Chan

    It means Rolling Around the Floor, Laughing My Arse Off

    It means she thought it was very funny.

    ‘Eat rich food, barbeque a yuppie’

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    Jeez, a pity it’s not Argentina instead of Australia!

    What a travesty for NZ Rugby (again)[:p][:p][:p][:p]

    http://www.7sport.com.au/news.php?id=59134

    ‘Eat rich food, barbeque a yuppie’

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    Originally posted by Chan$:

    Originally posted by Rugbyfan:

    Yeah I know you do, that’s why I asked.

    Rugbyfan,

    How do you know?

    Warm Regards

    ChanDollars
    [Keep going, you’re on your way to financial freedom]

    http://www.gurustation.com/pi/

    pretty easy really!

    ‘Eat rich food, barbeque a yuppie’

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    Originally posted by westan:

    yes rugby fan not really in the same league as the ord if those figures are right, quite tiny actually.

    They are right:

    http://www.wrc.wa.gov.au/using/allocation_home_ord.html

    cheers

    ‘Eat rich food, barbeque a yuppie’

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    congrats Chan, even though some posts may be ‘fun’ posts, they were worth reading!

    Hey if you work hard you could catch Kay before she gets back!

    ‘Eat rich food, barbeque a yuppie’

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    Originally posted by westan:

    Mighty Clutha river the biggest river in NZ and bigger than any i’ve seen in OZ 600+ cubic meters of water a second.

    Mmmmmm quite close to the Ord River in WA at 30,800 m3. per second

    Sounds ‘Mighty’ to me!!!

    ‘Eat rich food, barbeque a yuppie’

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    Goran

    You are not the first person to post a topic looking for the magical answer. All I can say, and I guess I speak for most others on this forum is:

    1. Don’t expect to come leaping into your arms on a daily basis. You will need to do lots of ground work before you find the properties.

    2. Don’t expect anyone to tell you the exact locations of these properties as everyone is trying to protect their interests. Unfair maybe, but they have probably done the hard yards to get to where they are in their investments.

    3. They will more than likely NOT be on the internet so you need to speak to RE agents directly (ie travel to regional areas). Remember you and 50,000 other people are also looking so you need to find a few agents to work for you. Relationships are the key to this enterprise, and not just with RE agents either.

    4. Do homework on areas that you think will be the next big thing, there are plenty of topics and posts on this forum that will help you. Use the search function and type in various keywords (towns, etc).

    5. Read as much as you can on property investing. Use every bit of free literature you can get you hands on. The internet is a very useful tool for looking up various statistics, town profiles, council media releases, company media releases etc.

    6. Don’t give up if you can’t find any in the next week or two. It has taken me quite a while to find exactly what I was after (3 – 4 months). It has been only due to persistance and making friends with various RE agents.

    7. If you are still stuck, try Westan or Bear, who for a small fee will find you one. I recommend that as a last resort though as that will not teach you anything on how to find them.

    Good luck

    ‘Eat rich food, barbeque a yuppie’

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    Originally posted by westan:

    hi all

    i read in the paper a few months back that 1 million asutralians planned to buy property in 2004, now interest rates are up and sentiment may have changed ?
    i am interested in who expects to buy properties in the next 12 months and how many ?

    Well that’s 10 out of your 1 million. Not many more needed now!

    ‘Eat rich food, barbeque a yuppie’

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    Rugbyfan,
    Not directly but very close because the train drivers and I working for the same company.

    Warm Regards

    ChanDollars
    [Keep going, you’re on your way to financial freedom]
    [/quote]

    Yeah I know you do, that’s why I asked.

    ‘Eat rich food, barbeque a yuppie’

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    Fat lot of good electricity has done to the North Island. Hell, 2 years ago the people of Auckland didn’t know how to use the newfangled stuff and consequently had a black out. I guess they all had candles and gas lanterns left over from previous years though[}:)]

    ‘Eat rich food, barbeque a yuppie’

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    Yeah and 200km in New Zealand is like 2000km in Australia.

    Have they replaced the steam engines in the South yet?

    [:p][:p][:p]

    ‘Eat rich food, barbeque a yuppie’

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    Hey Chan$

    Are you involved in the negotiation with the train drivers?

    ‘Eat rich food, barbeque a yuppie’

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    Originally posted by westan:

    .
    lawry
    since you asked i wouldn’t touch it, for starters it will cost you money in 3 ways
    1. the rent will not cover the costs
    2. the property is old and may have major repairs bill ahead
    3. i don’t know Parkes but my guess would be prices have flattened out and there will be minimal capital gains, if you want to buy for capital growth don’t expect it in small centers like parkes (unless you know something i don’t know). Perhaps don’t expect it anywhere in OZ for a while.

    regards westan

    Westan

    I have seen this property first hand and I agree with points 1 and 2. It is overpriced and in need of some work to get it to a rentable condition. Even then it would not be +ve cashflow.

    Point 3 though, I think you will find there will be some capital gain in Parkes. There is a influx of businesses going in there to set up.

    FCL, Big W, K Mart, Homemaker Centre, Tomingley mine and the ever present IMC business (even though IMC is officialy bankrupt, the idea is still very much on many people’s cards).

    The town is expanding quite rapidly with land on the outskirts of town being sold off easily and quickly to a mix of owner occupiers and investors.

    And BTW, I do not own anything in Parkes……..yet!

    Just my 2 cents worth.

    ‘Eat rich food, barbeque a yuppie’

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    BTW, the match is at Invercargill not Dunedin.

    ‘Eat rich food, barbeque a yuppie’

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    Touch is fun, but you have to stretch and warm up properly before you play. Because it is fast and jerky, acceleration and deceleration quickly, it can lead to pulled muscles. Just ask me – I played it about three weeks ago on Manly Beach and I pulled my hamstring. I did not warm up properly (stoopid!).

    It is a way of getting your anaerobic fitness up as opposed to aerobic. It won’t lose you much weight though if you are after that. You need to do slow steady exercise (aerobic).

    Good luck and show those K1W1 what the Aussies can do.

    ‘Eat rich food, barbeque a yuppie’

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