PropertyInvesting.com | Ajax | Activity https://www.propertyinvesting.com/members/ajax/activity/ Activity feed for Ajax. Mon, 13 Apr 2026 13:56:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6f3a35434f4348e61b6382701c16a0dc Ajax replied to the topic Gearing on defense housing. I am new to investing in the forum Finance https://www.propertyinvesting.com/topic/4410317-gearing-on-defense-housing-i-am-new-to-investing/#post-4696655 Thu, 28 Nov 2013 07:19:47 +0000 I have an IP in Gunn, Darwin that is not defence housing. Quite a few defence housing properties in this suburb.

 Whilst I initially thought Defence Housing was not a good deal due to high management fees-was 16.6% pa including gst as opposed to about 8.8% gst incl.  for a private property.

However the big plus is you receive rent for defence…[Read more]

]]> 14f87a1e36a896d240a89f255cf08716 Ajax replied to the topic How to use a Trust to increase borrowing capacity? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410309-how-to-use-a-trust-to-increase-borrowing-capacity/#post-4696584 Wed, 27 Nov 2013 04:52:21 +0000 wilko1 is pretty much on the money.

The lack of 50% discount for CGT is a big negative though.
.

]]> 11e7a10d844d621839e68b04e28eb5df Ajax replied to the topic How to use a Trust to increase borrowing capacity? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410309-how-to-use-a-trust-to-increase-borrowing-capacity/#post-4696581 Wed, 27 Nov 2013 03:07:41 +0000 What about using a Pty Limited company to purchase an IP?

Does this avoid the National Consumer Credit Protection Act requirements?

What are advantages/disadvantages of an IP held in a Pty Limited company?

]]> 8c2ffd00da3a27212f85bd5900034b5d Ajax replied to the topic Nodoc Loans are back in the forum Finance https://www.propertyinvesting.com/topic/4397392-nodoc-loans-are-back/#post-4609803 Mon, 05 Oct 2009 07:23:15 +0000 Thanks for that info Richard,now to wait for a competitor to match this deal and reduce the no doc rate.Ajax

]]> 392dbc09d3f3841a6e8b793e4a95752b Ajax replied to the topic Nodoc Loans are back in the forum Finance https://www.propertyinvesting.com/topic/4397392-nodoc-loans-are-back/#post-4609801 Thu, 01 Oct 2009 22:27:32 +0000 For a 75% lvr no doc, non impaired borrower, clean CRA,  sydney residential what interest rate am I looking at?

]]> 122add8453cc2b9d5261dc720fce5ec4 Ajax replied to the topic Prince Henry Off The Plan in the forum Help Needed! https://www.propertyinvesting.com/topic/4396807-prince-henry-off-the-plan/#post-4606838 Sat, 25 Jul 2009 04:53:25 +0000 There's a guy I know who lives near there was saying the area is prone to break-ins. There is a low socio-economic area just the other side of Anzac Parade. I wonder whether this guy is just being overly negative. Where else can you buy a new property in Sydney's Eastern suburbs with golf course and ocean views and easy access to a beach (Little B…[Read more]

]]> 302d8359f7c642a8ea7530b3f7c7ca43 Ajax replied to the topic Sydney finally turning? in the forum General Property https://www.propertyinvesting.com/topic/4392956-sydney-finally-turning/#post-4585886 Sun, 17 May 2009 12:33:41 +0000 wealth4life.com wrote:
900,000 will be in mortgage stress by November 2008 … Fin Review … fact

Why is that statement a fact?????

]]> 1d50318c1f487d8ea2f408fc9be92405 Ajax replied to the topic RBA Rate Cut in the forum Finance https://www.propertyinvesting.com/topic/4395933-rba-rate-cut/#post-4602097 Wed, 08 Apr 2009 05:54:56 +0000 " WESTPAC has become the third major bank to cut its standard variable mortgage rate by 10 basis points.Westpac also slashed 25 basis points off its rates for business loans and credit cards. The move comes after Commonwealth Bank of Australia and ANZ lowered their standard variable home loan rates by 10 basis points in the wake of a 25 basis…[Read more]

]]> bbcfd0a13c14177fa2b83c2a4bfc3ee7 Ajax replied to the topic "Murphy's Law" for Landlords in the forum General Property https://www.propertyinvesting.com/topic/4395611-murphys-law-for-landlords/#post-4600486 Mon, 30 Mar 2009 05:30:58 +0000 Landlord puts entire block of units on market to sell for several million $. Has builders, valuers, etc running around the building with tape measures etc for weeks (giving an uneasy feeling to tenants particularly one lot of tenants that only recently moved in)Real estate agent decides to show the better units to propsective buyers (of which…[Read more]

]]> fd7445a93ca594e7a8e6afc1a5ae2ab3 Ajax replied to the topic Darwin rush in the forum General Property https://www.propertyinvesting.com/topic/4395741-darwin-rush/#post-4601131 Wed, 25 Mar 2009 08:39:24 +0000 Just did a search on houses in Gunn (a suburb in Palmerston area). Many are under contract/ under…[Read more]

]]> 296e1795a6536fea506947c1a3034150 Ajax replied to the topic RHG - exit fees $16000! HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4395673-rhg-exit-fees-16000-help/#post-4600816 Tue, 17 Mar 2009 02:16:10 +0000 craigsed,my RHG loan was variable. I would stay with RHG if their variable rates were in line with other lenders but have to incur 2% ERF's to change lenders as their rates are considerably out of line with bank lending rates.Where RHG's rate is 7.88% other lenders are around 5.2% I am being screwed. Their variable rates went up higher than most o…[Read more]

]]> d025b4e3625f7de15330c03e686d6bfa Ajax replied to the topic RHG - exit fees $16000! HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4395673-rhg-exit-fees-16000-help/#post-4600813 Fri, 13 Mar 2009 08:37:38 +0000 CSI,RAMS will pay a rebate if you refinance from RHG…I receive $1500 for a loan of about $150k..(rebate increases based on loan size) .however where normal RAMS variable loan has 1% Early Repayment Fees for 3 years if you accept the rebate offer they will require 1% ERF's for 4 years..

]]> 79d929ee9c6f389acda881d4c6b95f6b Ajax replied to the topic RHG - exit fees $16000! HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4395673-rhg-exit-fees-16000-help/#post-4600811 Fri, 13 Mar 2009 03:56:13 +0000 To discharge their mortgage (yesterday) and in addition to up to 2% Early Repayment Fees they also charged me legals $295 and a discharge fee of $695. My variable interest rate has now fallen from 7.88% with RHG to 5.29% with new lender (RAMS). There was also a small amount of cash out as property value had increased (even where moving from RHG 85…[Read more]

]]> 1ac9035a50a8e2545c6c90d86dc51cc1 Ajax replied to the topic RHG Loans in the forum Finance https://www.propertyinvesting.com/topic/4395322-rhg-loans/#post-4598836 Fri, 06 Feb 2009 02:26:48 +0000 ASX Announcement Thursday, February 5, 2009 RHG Unaudited Half Yearly Profit Guidance and General Update RHG Limited (previously known as RAMS Home Loans Group Limited) wishes to update the market on recent performance with unaudited profit guidance. RHG Limited expects to announce a consolidated half yearly net profit for the half year ended 31st…[Read more]

]]> 382a242772e3fc9803eb3fb2affc649e Ajax replied to the topic RHG Loans in the forum Finance https://www.propertyinvesting.com/topic/4395322-rhg-loans/#post-4598835 Fri, 06 Feb 2009 02:18:48 +0000 When I did a news search on RHG and interest rates in the last few weeks this is all I came up with. No mention of interest rate cuts yet.http://www.brokernews.com.au/contents/news/32105/details.aspxClient sues RHG over exit fees By Agnes Gajewska | Monday, 19 January 2009 A disgruntled client has launched legal action against non-bank lender RHG…[Read more]

]]> fc0802ddfde725ccd915e004dad06886 Ajax replied to the topic RHG Loans in the forum Finance https://www.propertyinvesting.com/topic/4395322-rhg-loans/#post-4598831 Thu, 05 Feb 2009 02:30:15 +0000 Thanks for that news Terry.My posiition:-I have one loan with CBA (5.19%), one with RAMS (5.54%) and one with RHG (8.68%). If I accept RAMS re-finance offer of the RHG loan (a loan of about 150k) this will reduce the rate on this loan to 5.24%. Across 3 properties the interest rate cuts have resulted in the possibility of a surplus of gross rent o…[Read more]

]]> 841ff1b3f36ed05b7da86d83b786ab6d Ajax replied to the topic Are RHG and the new Rams definitely different companies ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395333-are-rhg-and-the-new-rams-definitely-different-companies/#post-4598873 Thu, 05 Feb 2009 01:30:53 +0000 Hi petit homme,yes RHG and RAMS are separate companies.RAMS administer RHG loans (out of same offices at Homebush Bay Drive, Rhodes NSW).Westpac are the credit provider for RAMS but not RHG.I have both a RAMS loan and an RHG loan (and am no great fan of RHG)RAMS corresponodence to me sometimes has a contact number which if you call will be the…[Read more]

]]> 2b4fcbd1dee68832f116ba2cd781637a Ajax replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595444 Thu, 11 Dec 2008 07:18:24 +0000 Raymond,assuming stated income over 75k (about double that) on a RAMS SE Pro pack lo doc what period of gst registration will the mortgage insureer require? Have ABN for 9 years, gst registration for 1.5 years. Last time I applied for RAMS loan GE wanted letter from accountant explaining why gst registration was so recent…this request would…[Read more]

]]> 22a47850e9e6293d7f63294a9f20569e Ajax replied to the topic Cash flow positive is returning but it is it exploitable in the forum General Property https://www.propertyinvesting.com/topic/4394897-cash-flow-positive-is-returning-but-it-is-it-exploitable/#post-4596514 Tue, 09 Dec 2008 23:48:21 +0000 Am thinking a unit I bought last year might soon be cashflow positive.Purchased for $172k now rents for $280/wk, loan of $146k at 8.48%.It takes a lot for a property to be cah flow positive when I factor in body corporate levies (fixed adn sinking fund) of $2800 p.a., council rates, landlord insurance, managing agetns commission. A still out of…[Read more]

]]> 86d9e98b0b9bdeade60b75f8fdf33343 Ajax replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595439 Tue, 09 Dec 2008 22:41:29 +0000 Still with RHG-ERF's are 2% until July 2009 then 1.5%.I took out an 85% lvr lo doc loan with former RAMS in July 2007. Variable interest rate currently 8.48% 

]]> 5c068b7cd699369e5b681da79fb8d684 Ajax replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/#post-4595437 Tue, 09 Dec 2008 21:11:35 +0000 RaymondBDM,it was another Raymond that got me into this RHG mess in the first place-he fleeced me.After listening to the giraffe and the hippopotamus years ago when I invested in Estate Mortgage you think i would stop following the financial recommendations of talking animals on TV.  

]]> 16e5a32de76557e0fa06ec57318d4f75 Ajax replied to the topic Developer panics as FEAR sets in in the forum General Property https://www.propertyinvesting.com/topic/4392049-developer-panics-as-fear-sets-in/#post-4581338 Tue, 25 Nov 2008 06:15:21 +0000 C2,thanks for that suggestion. This is probably what is happening-rental guarantee in place from the builder/developer to the person who initially bought the unit and is now selling the unit.$650/week for a one bedder…would have to be a great unit (someone would pay that for point blank ocean views at Tamarama or Bondi…not for water views of…[Read more]

]]> 95a1c3d6fab836f2ca9ef7078562052b Ajax replied to the topic Developer panics as FEAR sets in in the forum Just did a search on https://www.propertyinvesting.com/topic/4392049-developer-panics-as-fear-sets-in/#post-4581334 Sun, 23 Nov 2008 12:35:16 +0000 Just did a search on Homebush Bay-one bedroom waterfront units. Came up with thishttp://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105024416&f=0&p=30&t=res&ty=&fmt=&header=&cc=&c=10985544&s=nsw&snf=ras&tm=1227443351Says currently rented for $650/week asking $399k. $650/week is very high rent for a one bedder-what…

]]> 66599d90086a922d7eda1748082b7922 Ajax replied to the topic interest rates in the forum Finance https://www.propertyinvesting.com/topic/4394724-interest-rates-22/#post-4595644 Wed, 19 Nov 2008 03:32:33 +0000 This is a good link to save to favourites. Gives you an idea where the futures market sees interest rates in the coming months (and is updated daily)http://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdfIts saying RBA rates around 3.195% by April 2009. 

]]> 4b651fd64105c6c3b373c415d35a5a2e Ajax replied to the topic ANZ reduces again in the forum Finance https://www.propertyinvesting.com/topic/4394735-anz-reduces-again/#post-4595678 Wed, 19 Nov 2008 03:31:22 +0000 This is a good link to save to favourites. Gives you an idea where the futures market sees interest rates in the coming months (and is updated daily)http://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdfIts saying RBA rates around 3.195% by April 2009. 

]]> d305eb7d39d735a114277f7da213a2d9 Ajax replied to the topic Should I be buying now? in the forum Scamp, are you even living https://www.propertyinvesting.com/topic/4394352-should-i-be-buying-now/page/4/#post-4593542 Wed, 08 Oct 2008 17:14:19 +0000 Scamp,are you even living in Australia? Were you living here in the 1992 recession we had to have. I was. Unemployment did not exceed 12% (you say 20%).Interesting to see you call the fall of the Australian dollar by 30% the crash. I suppose it is if you are an importer or intend to travel and spend your wealth overseas or are an FX trader.Most of…[Read more]

]]> 5f141dda91e17452cacb4bfb57d87e49 Ajax replied to the topic Just bought in a Mining Town in the forum General Property https://www.propertyinvesting.com/topic/4394387-just-bought-in-a-mining-town/#post-4593694 Wed, 08 Oct 2008 11:42:21 +0000 Scamp,explain your logic here"AUD has fallen 30% already over the past few months. It will drop more because of the interest rate drop. This is 30% less profit for mining. "If the AUD has fallen by 30% and continues to fall then all other things being equal mining revenue received for contracts priced in $US commodity prices would rise by about…[Read more]

]]> aaf42c90514360734eaffcd72a44c61a Ajax replied to the topic Property Market Hotting Up in the forum General Property https://www.propertyinvesting.com/topic/4390021-property-market-hotting-up/page/2/#post-4569729 Tue, 03 Jul 2007 08:02:10 +0000 Crashy,your comments above do not seem to sit too well with what you have to say as a a qualified Financial Advisor on your Posigear Instiute web-site http://www.posigear.8k.com/" PROPERTY? BAH!The property run is over. Property is expensive and rental yields are low. Shares are relatively cheap and we have low interest rates. There are new way…[Read more]

]]> 216fc628aaf22872c4b3db318712200d Ajax replied to the topic Sydney bargain suburbs in the forum Crashy, I think there is https://www.propertyinvesting.com/topic/4390034-sydney-bargain-suburbs/#post-4569814 Mon, 02 Jul 2007 07:51:37 +0000 Crashy,I think there is real value emerging in parts of Sydney. Prices in inner Sydney will probably move first similar to inner city Melbourne prices (just 6 mths to a year behind). Prices for some inner city sydney suburbs (such as Surry Hills) have already moved 10%. I recently settled on the purchase of a 2 bedroom unit in Auburn (16kms from…[Read more]

]]> 925b0063d6deb68fe203459b2f610cb6 Ajax replied to the topic Bay islands - Russell Island, Lamb Island, Macleay Island. in the forum General Property https://www.propertyinvesting.com/topic/4389840-bay-islands-russell-island-lamb-island-macleay-island/#post-4568978 Wed, 06 Jun 2007 12:30:00 +0000 Jenwren,if you want reassurance buy a Residex future growth budget report for QLD houses. Russel, Macleay and Lamb islands get a mention.Am a bit uncertain as to how well a property manager would manage an IP there-maybe you could share your experience? What sort of property management fees are you being charged?Ajax 

]]> 61cfea4ed7732d24abcc96032dad27cf Ajax replied to the topic northern territory in the forum General Property https://www.propertyinvesting.com/topic/4388816-northern-territory/#post-4563930 Fri, 01 Jun 2007 11:52:26 +0000 I've invested in Gunn-a suburb of Palmerston (satellite city of Darwin). Bought in September 2005 for $250k now rents for $300/week probably worth $340-$350K at the moment.Managing agent fees are 8.8% inclusive of gst. Trades to repair stuff are expensive. Most houses have airconditioners and these can cost to replace/repair. Rent deamnd is…[Read more]

]]> 6d0b678fae95614dc698dac3e9aa7d2a Ajax replied to the topic Cooling off period in the forum Help Needed! https://www.propertyinvesting.com/topic/4384257-cooling-off-period/#post-4540960 Wed, 30 May 2007 12:07:42 +0000 Waiving the cooling off period but leaving the contract as subject to finance will just offer you another out…and the vendor will proabably see it as that .If you have finance in place but have not done building and pest inspections make it subject to satisfactory building and pest inspections but without cooling off and without subject to f…[Read more]

]]> 82de0d02e3672d5ac0b1bf8a165a1358 Ajax replied to the topic Redfern, Sydney. in the forum General Property https://www.propertyinvesting.com/topic/4386892-redfern-sydney/#post-4555164 Wed, 27 Sep 2006 12:49:36 +0000 Hi Ogilvy,

have a read of this site

http://www.redfernwaterloo.com.au/

The NSW State governmemt has big plans for Redfern involving millions of $.

Ajax

]]> 7ddb7f0d135edda3d913665d14bbe761 Ajax replied to the topic Colour Ideas Needed on 1st Reno in the forum No Subject https://www.propertyinvesting.com/topic/4384749-colour-ideas-needed-on-1st-reno/page/2/#post-4543749 Sat, 08 Jul 2006 03:08:39 +0000 Dulux Antique White USA low sheen on walls, white ceiling paint and Dulux vivid white semi-gloss on skirting boards and architraves.

Did this on recommendation of paint shop. Looks great.

Used a professional painter for most of the job-hard to beat with an old house which had never been painted professionally before. Lots of preparation work…[Read more]

]]> 2b548da0211451b198e919da254be798 Ajax replied to the topic Solicitor SCREWED UP with prepaid rent money! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385633-solicitor-screwed-up-with-prepaid-rent-money/#post-4548024 Mon, 26 Jun 2006 10:51:33 +0000 I am an NSW solicitor yet I instructed a conveyancer to act on my conveyance in the Northern Territory. Was asked the question “Do you want rent adjusted on the settlement by us or do you want to leave it as between the incoming managing agent and outgoing managing agents” (continuity of tenannts). I was told the latter is the way its usually…[Read more]

]]> 6d90e50b68734fe00f873033ceabf70b Ajax replied to the topic New 80% No Doc Loan for RAMS in the forum Finance https://www.propertyinvesting.com/topic/4384082-new-80-no-doc-loan-for-rams/#post-4540119 Tue, 31 Jan 2006 03:53:37 +0000 Just called RAMS asking about their 80% no doc loan.

Deferred establishment fees (if break the loan)

In Years 1 and 2-2%

Year 3-1.5%

Year 4 onwards-nil

$395 application fee + $300 documentation and settlement fees

$96/p.a. account service fee

Can redraw funds back out

7.24% pa interest for first 4 years then 6.9% pa

Ajax

]]> 8144ac059a97327616b012253dc63a2e Ajax replied to the topic WA Property Report in the forum General Property https://www.propertyinvesting.com/topic/4383345-wa-property-report/#post-4536188 Mon, 28 Nov 2005 00:37:55 +0000 Heron Todd White’s comparative analysis of national property markets October 2005

http://www.htwresearch.com.au/download.php?file=2722

Ajax

]]> 51979c928b9ea051099d7f4543ba447f Ajax replied to the topic 10.4%+ p.a properties...do they still exist?? in the forum General Property https://www.propertyinvesting.com/topic/4382817-10-4-p-a-properties-do-they-still-exist/#post-4533367 Mon, 24 Oct 2005 02:25:24 +0000 This property seems to meet the criteria

http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=nsw&c=24968225&tm=1130120513&id=102042445&f=0&p=10&t=res&ty=&snf=rbs&ag=&cu=&fmt=&header=

I’d closely check council flood plans though.

Ajax

]]> bcee1b32da3c58838836c328e342cd1c Ajax replied to the topic The benefits of property developing in the forum No Subject https://www.propertyinvesting.com/topic/4379213-the-benefits-of-property-developing/page/7/#post-4509583 Tue, 23 Aug 2005 08:10:19 +0000 The idea of living on equity sheets home a bit more if you have properties with high capital gains year in year out and very low rental yields. There are some areas in Sydney with this type of capital/income mix.

Living on equity is possible with even a small portffolio (as long as the properties have consistently high capital growth).

There is…[Read more]

]]> 23c6416ac48b7afbe56689763e94782e Ajax replied to the topic Advice Needed in the forum No Subject https://www.propertyinvesting.com/topic/4381648-advice-needed-13/#post-4526016 Tue, 23 Aug 2005 02:54:30 +0000 G’day Chars,

if the IP you are looking at is selling for $280k why is the rent only $180/week. I would have thought 9k+ pa in Darwin (net of all expenses) would be possible

To give you a few examples I’ve looked at recently(in Palmerston area-the area you are looking in may be completely…[Read more]

]]> fd33923b9072e9834999b4b59cb98b2f Ajax replied to the topic Unsure of whether to jump at this opportunity in the forum No Subject https://www.propertyinvesting.com/topic/4381660-unsure-of-whether-to-jump-at-this-opportunity/#post-4526101 Sat, 20 Aug 2005 13:10:28 +0000 Have just come back from 4 days in Darwin, a city which I admit I don’t know too much about.

Had a look at properties in Gunn and Durack (about 20km from Darwin CBD) in the $250k-$300k range (from 6 to 8 years old on smaller land 300m2 to 450m2). There was a lot of new land being opened up in the Gunn/Rosebery/Bakewell area and the newly…[Read more]

]]> 306538427be0702a8fc66d81c4b97809 Ajax replied to the topic Minimising capital gains tax in the forum Help Needed! https://www.propertyinvesting.com/topic/4380892-minimising-capital-gains-tax/#post-4520924 Fri, 24 Jun 2005 04:20:52 +0000 What about not selling…and drawing funds out (80% of property value) by way of lo doc loan.

Ajax

]]> 4d0938424473cf68f314c4ae9d495ed5 Ajax replied to the topic Name the BACKPACKERS in the forum Help Needed! https://www.propertyinvesting.com/topic/4378720-name-the-backpackers/page/3/#post-4506430 Fri, 13 May 2005 06:34:36 +0000 Michael,

where I live (near Bondi) and for my immigration business I get to read a lot of magazines aimed at Backpackers. TNT magazine comes to mind. One backpackers in Sydney city advertises “We know what you want” and contains an excerpt from a girl’s diary…Tuesday date with cool hairdresser (Steve) I met at bar something…., Weds…surfing…[Read more]

]]> f4d06d2568692a73c16950a03ea0590e Ajax replied to the topic Name the BACKPACKERS in the forum Help Needed! https://www.propertyinvesting.com/topic/4378720-name-the-backpackers/page/3/#post-4506428 Tue, 10 May 2005 11:10:03 +0000 Michael,

I was also trying to do something with the f… angle thinking of the pronunciation of Whakapapa ski field and other nZ locations. I think I got the sign wrong in my post…I’ve been told the sheep not the farmer should be wearing the gumboots (and the gumboots should be on backwards to stop the sheep walking away in a hurry).

Ajax

]]> ea6c8403472911bcf3ea9e1cbca90953 Ajax replied to the topic good suburb bad suburb in the forum Help Needed! https://www.propertyinvesting.com/topic/4380077-good-suburb-bad-suburb/page/2/#post-4514842 Sun, 08 May 2005 09:13:58 +0000 Sydney Morning Herald 29 November 2004

http://www.smh.com.au/news/Redfern-plan/Revealed-how-Redfern-will-be-reborn/2004/11/28/1101577357198.html?oneclick=true

“The State Government has a $5 billion plan to redevelop Redfern and the surrounding suburbs that involves seizing control of Aboriginal housing on the Block and letting private developers…[Read more]

]]> 9d77c3af33746ec3574fb44211d56c9c Ajax replied to the topic good suburb bad suburb in the forum Help Needed! https://www.propertyinvesting.com/topic/4380077-good-suburb-bad-suburb/page/2/#post-4514841 Sun, 08 May 2005 09:03:20 +0000 All the information tabled before NSW parliament has been silent on any compulsory acquisition of properties in the block in Redfern. However the powers of the Redfern-Waterloo authority are wide ranging…they do not need normal local govt consents, don’t need to comply with the Heritage Act and as I understand are able to compulsorily acquire…[Read more]

]]> 1b918827da2b803ae2114027ac280b2b Ajax replied to the topic good suburb bad suburb in the forum Help Needed! https://www.propertyinvesting.com/topic/4380077-good-suburb-bad-suburb/#post-4514825 Sat, 07 May 2005 09:15:19 +0000 To write off Redfern as a good place to invest would be a big mistake.

I bought here (East Redfern) in 1993 for $165k now worth $500k+. NSW govt. to spend $5bn in next 10 years on this area demolishing old housing commission towers/joint venturing with private developers to build mixed public/private housing and constructing road tunnels. The…[Read more]

]]> 9abc6b518b5116d712daa5a4ea3d27f8 Ajax replied to the topic Name the BACKPACKERS in the forum Help Needed! https://www.propertyinvesting.com/topic/4378720-name-the-backpackers/page/2/#post-4506423 Fri, 06 May 2005 13:28:50 +0000 Originally posted by Ajax:
Nervous Sheep Backpackers-NZ where the men are men and the sheep are nervous.

Big sign out the front with a nervous sheep and a farmer in gumboots with a glint in his eye sneaking up behind the poor animal .

]]> 529ca213ca5fe849d0c02055921f8599 Ajax replied to the topic Name the BACKPACKERS in the forum No Subject https://www.propertyinvesting.com/topic/4378720-name-the-backpackers/page/2/#post-4506422 Fri, 06 May 2005 13:24:01 +0000 Nervous Sheep Backpackers-NZ where the men are men and the sheep are nervous.

]]> 9401f1d3693f100a153ad35f2b46085b Ajax replied to the topic Investing in Newcastle, NSW in the forum General Property https://www.propertyinvesting.com/topic/4376548-investing-in-newcastle-nsw/#post-4493373 Tue, 19 Oct 2004 04:23:23 +0000 “we won’t be charging full rent (so it will be very neg. geared).”

The Tax Office might have something to say about that-negative gearing losses as a result of non market (no arms length) rent.

Ajax

]]>