Originally posted by bardon:
Ah good old Lihir island I have fond memories of building the gold processing plant…
Really? Very cool! And yep, back to full production already.

Originally posted by Phoenixrising:
we are sick of politicians who are completely out of touch with people and whats going on in there live’s
Which is the real reason the Libs got pounded – they shipped in an out-of-towner.

Regarding holding this unit “until the market picks up” – don’t forget to factor in:

– The holding costs. There’s no point holding the unit for 5 years until it is worth “$100k” again if it costs you, say $5000 per year. You’d be $25k down as opposed to $20k if you sold it now.

– The possibility that the developer will drop his asking prices…[Read more]

I should clarify, by PNG, I specifically mean the Lihir Project on Lihir Island, run by Lihir Gold Limited (LHG), and by Walhalla, I mean Goldstar Resources (GDR) who own mining rights over a large chunk of the valley.
Still, it has probably more to do with real estate than storage units do, and I take a very broad view of ‘property…[Read more]

I’ve continued to increase my holdings in Walhalla, Victoria, and recently moved into Papua New Guinea. Both had capital gains of 7 to 8 percent between 10am and 4pm today. I took a little profit, expecting a pull-back in prices over the course of the week, but remain bullish on these areas, with an exit strategy of around 50% equity extraction by…[Read more]

It’s important when quoting text to reference it, eg http://www.crikey.com.au.
And NO, there is no penalty for asking for union representation. During the bargaining process, an employee can be assisted and represented by a person of their choice. That’s how I read it anyway.
F.[cowboy2]

Originally posted by azmiahmad:The 2 properties are returning 8% return annually.
For now… what do you expect to get after the rental guarantee expires?

A few points:
– I doubt there is a single shire in the country that requires DA/planning permit for approved air cons. (Although I recall a proposal from the ‘greens’ in NSW along those lines – don’t think it got up.)
– I imagine the compressor already complies with noise level restrictions or it shouldn’t be on sale.
– Given the previous 2…[Read more]

Without wanting to get into another heated political debate, I’d just like to point out that the notion that IR changes will “cost the Liberal Government the next election” is dependant on voters having a viable alternative at the time – ie a leader. Kim B will never ever lead this country, and don’t get me started on Ms Gillard. Kevin Rudd is…[Read more]

I think it may help to ask yourself “why is it not selling?” Would the reason be alleviated in 6 months or 12 months?
Cheers, F.[cowboy2]

Build a fence or plant a tree?
F.[cowboy2]

Originally posted by tonyy21692:
its always best to take the path of least resistance hence my decision to issue a writ to the weakest (financially) link which happens to be one of the neighbour.

Umm, nice type. Don’t expect to get a cold bear from me.
Actually, how’s about you give me his/her contact details… I might throw a grand or ten in…[Read more]

I’ve tried to read all I can of the IR changes, short of going straight to the source (the 1200 pages of legislation & explanatory notes!!!_[blink]), and can’t see that it will have a broad scale, dramatic, negative impact on existing employee conditions and pay. I think that future employees will be unable to expect many of the conditions we take…[Read more]

Originally posted by nazzysmith0153:
Firstly Agents can not buy property from there own agency.
So they must engage other REA’s to purchase.

Are you sure?
I ask because I know for a fact it happens regularly…
F.[cowboy2]

Yes, I believe a rise from ~7% to 10% interest rates would have about the same effect on today’s average mortgaged-home ‘owner’ as the rise to high-teen interest rates of the early 90s had on the then average mortgaged-home ‘owner’.
Which would be bad.
It would be much worse now because a far higher proportion of Australians now hold mortgages…[Read more]

Yes, I’m a little peckish.

Originally posted by Milly:
The ant works hard in the withering heat all summer long, building his house
and laying up supplies for the winter.

I thought the modern version would be:

“The ant trades 5 winter’s worth of food for a second house, knowing full well that by the time the winter came he’d be able to trade that house for 10 winters…[Read more]

As far as the FHOG goes, just speak to your local State Revenue Office (or equivalent), explain the issue and they will not demand more than the original grant. Failure to disclose the issue and repay the grant will more than likely result in a fine over and above the grant value.
Others can probably best advise on other matters.

Regards,…[Read more]

“Met the market” means your sale price expectation is the same as a buyer’s purchase price… ergo your property is selling or sold. If nobody is prepared to buy your house at the price you expect and you’ve done everything you can cosmetically / repair-wise, you have 2 choices – lower your price or hold it in the hope that future buyers will be…[Read more]

Fair enough Dazzling. Apologies all.
F.[cowboy2]