Heading off on my trip on Saturday and will post on impressions form out there.
Looks like all is good with the property market bottoming out as far as I can see. Chuffed to bits about lots of my loans coming out of fixed rates and then back to reduced variable, that coupled with high rents makes the holding costs much smaller. I am sure that I…[Read more]
We have just successfully negotiated an offer from a Qatari company to buy half of us. Its now a deal subject to DD with a cash settlement in 6 months. Fingers, arm, legs crossed on this one. Cant say anything else about it but happy days if it comes to fruition.
Well Bardon if Europe's anything to go by we may not have long to wait.
I wont have long to wait at all with Europe. I will be in a nice boutique hotel in Old Rome right on the south bank of the Tiber and immediately across from the Castle St Angelo on the 4th December 12. Then of to a converted convent in Venice and then a…[Read more]
Yes its all pretty boring at the moment. All we have is dropping ineterest rates and strong rents which mean reduced holding costs or more cash available. Seems to be that when prices are shooting up rents are stable, when prices stagnate rents then shoot up.
That's two bob each way In my books.
I see. What services you/your company provide?
We are in water treatment/distribution segment.
Our company is in trench less construction, specifically tunneling. So we are also in the water/wastewater distribution as well as electrical, communication and oil and gas.
Surely it cant be any worse than the Cooper Basin?
They have the World Cup in the bag and the expenditure has been committed as far as we can see. We are already up in Kuwait and UAE so have some understanding of the local conditions. We have also just yesterday signed a JV with a local company that one of the family has ownership in. So that's…[Read more]
Qatar, RE very strong, but you cannot buy it. Only rent.
That's a disappointment. I have been reviewing the planned infrastructure spending in Doha in the near term. It is a phenomenal budget and my company only want a small slice of it. We are going to put a manager in country and after reading about the net worth of it's…[Read more]
If we had the meet up then it would have to be on an initial condition of anonymity. Later in the evening we could have a competition to guess the pseudonym of each guest based on their psychological condition, with more drinks as the prize for correctly guessing a guests identity. The main question is whether the location was in a CF+ or…[Read more]
Peachy one thing that is for sure here is that you should sack your PM. Good luck with the plumbing. Also is you take up the other posters suggestion, the fishing is also deductible if it constitutes tax advice.
The good news is the bust hasn't happened… yet!
and Steve Keen has been proved wrong, yet again,
and yields and cashflow are improving and looking even more promising with more IR drops to come,
and rental vacancies haven't shot up to the moon,
and the current Govt has one again said they wont touch negative…[Read more]
bardon replied to the topic Investing into Display Home with 7% – 8% leaseback for 2 – 3 years in the forum General Property 9 years, 2 months ago
I cant see it been financially viable to buy this house and sell it in three years. The transaction costs will most probably kill that notion dead in the water.
Things seem to be playing out quite nicely for the housing market. All the RP Data is turning green for the first time since they published their daily index, with only Brisbane left as the recalcitrant on the daily index. Plenty of good gossip on IRs dropping further going around the place as well, the mind boggles as to what impact that any…[Read more]
If it were me that was investing then I would look into the northwest as this is where most of the population and economic growth is being forecasted. Anywhere along the new north west rail link should do well. There will be new stations at Cherrybrook, Castle Hill, Hills Centre, Norwest, Bella Vista, Kellyville, Rouse Hill and Cudegong Road.…[Read more]
I haven't invested there but have spectated on their market over the years. If it was me and I wanted to go for FNQ, then I would go for Townsville over Cairns. Townsville has more going for it in terms of economics and demographics.
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