The game is Rugby Union and the teams are Otago Highlanders and the Queensland Reds. This is the Super 12 competition in which there are 5 teams from NZ, three from Australia and four from Sth Africa.
The Reds have looked good in pre season form but they are missing a number of people that retired or went overseas last year. Otago are traditionally strong at home (except when they play the NSW Waratahs!). I expect Otago to win by 10 or so points.
You will enjoy it, and well done for going to a game of different football. Make sure you enjoy the warmth though because at the end of the Super 12 season, you may wish to decline an invitation. Otago can get pretty cold and windy in Autumn/winter. I think they still play at ‘The House of Pain’ ie. Carisbrook Park in Dunedin although Muppet may correct me here.
I believe it is better to diversify your investment strategy. Although having all +ve cashflow properties makes for higher income in the short term, there are of course inherant risks associated with them. Whereas with neutrally or -ve geared properties are usually in areas of good cap. growth and good tenancy.
The idea I feel would be to have a spread of all these types of properties in your portfolio. In other words a mix of high risk and low risk properties.
We currently have only two IP’s, one neutrally geared(Brisbane CBD) and one -ve geared (Sydney). I am still looking for the +ve cashflow properties that I am comfortable with.
It is a big mistake for anyone to believe that governments will have enough revenue in the future to keep expanding government services in regional Australia.
Bruce
Mooloolaba, Qld
Thanks for the support Bruce.
Aussierogue, whoever I vote for at the next election will not change the fact that we are currently seeing a decline in health and transport services in Sydney. They may not be in crisis (as is the journalist’s popular catch cry), but certainly need big money injected. As the collective state governments collect something like $13 billion a year in stampduty (mostly property) and NSW earn close to $6 or $7 billion of that each year, you would think there should be money to build regional infrastructure. After all that is only one tax that we pay to the State Government.
Victoria may be different, but here it is not all as rosy as it could be.
to the first bruce – i blve you will see more infrastructure being built in baby boomer areas. more hospitals, more cafes, better transport etc
Yup, and Virgin Blue’s new carrier, Pig-Air is being launched next week!
Seriously, where are the state Govt’s going to get the funds for these hospitals/transport etc? I know in Sydney our transport is in dire need of a lot of money spent on it, the hospitals need lots of money thrown at them, our infrastructure cannot cope with our level of growth (ie. no dams being built for more water supplies) so if they have no money to spend on these things in the city, where are they going to get the money to build the transport system, hospitals, infastructure you talk of in the regional/coastal towns?
Maybe it’s different in other states, I don’t know.