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	<title>PropertyInvesting.com | Craig The Mortgage Broker | Activity</title>
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				<title>Craig The Mortgage Broker replied to the topic Westpac and Defence Force Housing in the forum General Property</title>
				<link>https://www.propertyinvesting.com/topic/4384967-westpac-and-defence-force-housing/page/4/#post-4544832</link>
				<pubDate>Sat, 15 Apr 2006 06:05:37 +0000</pubDate>

									<content:encoded><![CDATA[<p>Westpac will have bought this pool of houses to release the REIT.  They will make their money by charging about 1% to 3% of the value (not the income) each year as a management fee to administer the trust.</p>
<p>The buyers of this trust may include super funds and clients of financial planners trying to earn a commision by finally having a product that&hellip;<span class="activity-read-more" id="activity-read-more-258708"><a href="https://www.propertyinvesting.com/topic/4384967-westpac-and-defence-force-housing/page/4/#post-4544832" rel="nofollow">[Read more]</a></span></p>
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