Forum Replies Created
I think the US already has the answer.
They’re currently building a ‘floating city’. It’s basically a luxury cruise ship which houses 100,000 people, it’s 1.5km long and 17 stories high, has its own university, shopping centres, casinos, parklands, golf courses, airport, mariner, train line etc etc. It follows the sun around the globe docking in deep waters with its own water transport to and from the mainland. I imagine it’s also a tax haven.
Or, there’s the 2 tropical islands being built (can’t remember where) in the shape of palm trees.
I wouldn’t be surprised if it’s not that long before an underground city (anyone seen the movie Resident Evil?), floating city (Waterworld), underwater city (Star Wars), flying city (Star Wars again), or even a city on another planet (any sci-fi movie!) is on some architects drawing board [
]Seriously I agree with both hwd007’s and Del’s points of view. I think that development in some areas needs to be approached in a more efficient manner. At the end of the day though it’s going to come down to consumer demand and $$$$’s, or the governments clever influence on both!
Cheers, Leigh [
]
“If you can count your money, you don’t have a billion dollars”
J. Paul GettyHi mother,
The colder the better! Bring on the snow [
]!I think your idea is great regarding the photo’s, maybe we could organise an external page linked to the forum where we can all post our pics. Divide it into a couple of categories and Bob’s you uncle!
Hi Richmond,
Isn’t it amazing the opportunities that can present themselves [
].I’m very interested in catching up for a chat over a cup of coffee sometime. You never know what may come out of it.
Are you heading to Steve’s seminar on the 26th? I believe you’re Melbourne based anyway?
Cheers, Leigh
Hey johnboy,
Will keep it in mind. I had actually thought of doing it for real, not on the NZ thing but on a different strategy. I’ve got a couple of friends into the reality TV show stuff (they received a grant from Channel 10 for a reality show based around a night out at a pub!) so it wouldn’t be too hard to put it together. Maybe I could feature an interview with you on my travels – the tough competition [
].Or there’s a sofabed at my place with toast and jam for FREE [
]Who said Sydney and Melb out perform regional areas in CG anyway? Buy in the right regional area and you’ll be surprised.
Warrnambool for example has doubled across the board in under 3 years. I was talking to a mate on the weekend who’s just got into RE (as an agent [
]) but he’s bought 4 cf+ properties there in the last 3 months. So cf+ and above 30% returns… In my opinion Warrnambool will continue to grow well over the next decade too, it’s such a great place (I grew up there) and industry and development are really taking off. Just take a look at council plans over the next 2-3 years and you’ll see what I mean. Baby Boomer paradise, just wait [].Gotta hand it to you though Bruce, you made me smile [:0)].
“If you can count your money, you don’t have a billion dollars”
J. Paul GettyGreat post Mini (as always [
]),RE: Aussie Investors heading to NZ.
It seems like there’s more and more Aussies looking to NZ as they realise the returns on offer (and also as they realise they can’t afford to buy in Australia anymore).
My question/observation is ‘What is this going to do for capital growth on a whole for NZ’. Australians are wanting positive cashflow deals out of NZ so if the returns are 30% or 15% they aren’t going to go home crying as long as they get the deal. If competition becomes high over there then investors are going to be competing on returns rather than price. This could easily double the price of a property whilst it still shows positive returns [?]
“If you can count your money, you don’t have a billion dollars”
J. Paul GettyI live in a new estate in Maribyrnong (inner NW Melb) and the amount of vacant townhouses is unbelievable. The properties have never been lived in, they’re really well fit out (3 storey, balconies, spas, Blanco kitchens, polished floors etc) the rent is cheap and there is about a 30% vacancy. We were offered 2 weeks free rent, an entertainment package & whitegoods to sign a lease. We’ve been here 4 months and still don’t have neighbours!
The problem may get worse too. There are several other really big estates in the area being developed – Lake Side (Kensington/Maidston), Niddrie quary, River Side, Kensington Banks and along the river further there’s also a heap of activity going on between Maribyrnong & Brimbank.
Good for tenants, hate to be holding onto one of the properties though. I believe Henry Kaye developed a lot of this area – so chances are the investors paid an inflated price too [
].Cheers, Leigh
“If you can count your money, you don’t have a billion dollars”
J. Paul Getty
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]) but he’s bought 4 cf+ properties there in the last 3 months. So cf+ and above 30% returns… In my opinion Warrnambool will continue to grow well over the next decade too, it’s such a great place (I grew up there) and industry and development are really taking off. Just take a look at council plans over the next 2-3 years and you’ll see what I mean. Baby Boomer paradise, just wait [
