[lifeXMember@lifexJoin Date: 2004Post Count: 651]

September 18, 2006 - 12:06 am

you don’t have to cut the tree down, even if your neighbour comes up with some professional opinion that it is your tree causing his problems.

you can easily get a different professional opinion that your tree is not causing a problem.

tell him to get stuffed.

if your neighbour wants, they can put a wall in the ground to stop roots coming through their side.

You have a right to have a tree in your own background.

My dad had the same argument with a neighbour for years.

The real problem was not the tree, it was the fact that whoever put in the neighbours concrete slab had cut costs when building by using inferior foundations.
Don’t take on other peoples problems please!! Be Strong

Tree was there first. Don’t kill it just because your neighbour is a cheapscate and a bully.[biggrin]

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September 17, 2006 - 11:38 pm

lol[biggrin]
I will ignore the entertaining 7-10 year argument as it doesn’t interest me today….. which is strange. oh well..

However to get back to your original question james of the selling the houses.

Don’t, just find a way to pay for them. There is always a way.

I know the area you mean. I think that the H&L packs were never going to have the astronomical growth of inner melbourne suburbs as they are out in the sticks. I do beleive they will stay close (a bit under) the median house prices for Melbourne.

However the benefits you do get are depreciation, low maintainance costs (this can be a real killer in the old inner melbourne houses), great yield, good rental demand, however the real bonus you get is the STABLE low holding cost.

In fact for a low income, you couldn’t really have picked a better type of investment (only i would not have bought straight from a developer in these estates as they are rip offs.

You are just experiencing a bit of a down because the price the h&l developer extorted from you is kicking in and that area is never going to be a real boomer in capital gains as there are many many suburbs similar and with similar demand.

I think that you would never forgive yourself if you sold. When the house prices increase due to increased demand, you will be kickin yourself/.,

I think Melbourne is set to have a boom as the population growth is set to increase more than any other place in Australia.[thumbsup2]

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September 17, 2006 - 10:53 pm

i am absolutely fascinated.

Please tell us what decision you have made rayson?

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September 3, 2006 - 6:51 am

I retracted some of my last post as I was disrespectfully rambling on , and had way too many wineroonies, at the time.

sorry all!!

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September 1, 2006 - 12:23 pm

Redbling,

I always thought it was more about what they think you know about what they did that they shouldn’t have done. Even if you don’t know if and what they really did.
Or even if they didn’t really do anything but think that there may have been circumstances that may have been photographed that could have implied their involvement in things that they had nothing to do with.

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September 1, 2006 - 12:16 pm

GR, you bum!

[biggrin][biggrin]

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September 1, 2006 - 12:03 pm

ha

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September 1, 2006 - 12:01 pm

[eh][freak][mad][lmao][thumbsupanim]”Let’s travel back in time. All aboard the Foundation Magical Mystery Machine of Time Exploration (FMMMTE)! We’ll stop at 1885. Ancient history you say? Hardly. 121 years is only a few generations. My great-great grandfather was delivering milk (and sometimes emtying poop-cans) on the narrow streets and alley-ways of new Melbourne”

Friggin’ Poetry![biggrin]

I have to say Foundation old boy, you have sufficiently challenged my belief of everlasting rising property prices against a static currency.

I would be fool not to consider that my own position could easily look to be propelling me to RICHES, yet this could just be a premature ejactulation in an economy potentially at the c.. c… cliffs edge.

Maybe so, HELL!! As an aussie(barely a whiff of a turd no-one Knows in the scheme of the worlds population) my own wealth may easily just be a boot-scoot to the left, (dammit I hate that song ACHY BRAKEY HEART).

Ricky Martin Sux ….. 10 weeks at number one in the charts is enough reason to trade up to being an eskimo ciitizen from the ARCTIC.

[blink]

OK, well………….. i am off to burn all the property I own. I relinquish the role of property investor and assume with relish the role of insurance claimant (slash) / ARSONIST..

Maybe I still have time to hedge my money…..

ha

butt seriously, Foundation. After all my excess steam blowing, Do you find that too much information may add to procrastination when buying into any market ! i’ve got my notepad… ok …. go.!!

TONY WJB, may i cal you wazza. I read your posts and thought “GEE , this guy seems down to earth.”

Then, I found out you were a sparky…. you lazy SOB!”

I’m an electrician too…. and hence disregarded everything you spat out your gab. You are over paid.[mad]

[][thumbsupanim]

Dazzles, ,,,,,,,,,,, (sorry…. I am on a ADD RAnt,,,,, )

Can you imagine if all the success and riches you have accumualted dissipated to less than nothing because of a new historical trend and an unexpexted world change. (IRAN and Nuclear world war for instance) EVERYTHING GONE in a few w… w… weeks because you never considered MAcRO MACRO reality.

[dunny][rock][dunny]

[smash]

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September 1, 2006 - 11:13 am

wince and cower.

Stamp duty hurts no matter which way you are bending over.

I’ve just transferred part of a JV over to my name and the Stamp Duty Trolls are merciless. DO IT SOoner than later.

The longer you leave it, the more the property appreciates. And the SDT’s always look for the highest posible val.Agents estimate/purchase price/Lenders Val/random number generator !!

I can’t say I’ve EVER heard of or “thunk” of a structure that would have allowed you to subby as a JV and develop ,.. that wouldn’t incur S.D. when you want to separate your interests. (like you say, necessary for Lender req’s)

Maybe if you had of done the whole process while an option was in place and then put titles in your name at the end. (Strike that thought)

Actually, I think you would still have paid the same amount of SD this way.
HANG ON,

HANG ON,

I got it,

You would have needed to separate each others interests in the JV as early as possible, BEFORE any approvals or development was done. So as the SD was only paid on the smallest original investment BEFORE any increase in VAL.

eg: a unit trust straight up!

Even so, You should still only be paying SD this time on the increase in your stake from when you first paid SD…. You wont be paying SD on the WHOLE amount AGAIN!

I hope thisd post madeth sense ,,, I’ve been reading “richest man in babylon” which has slips into poor mans shakespearean …. and am also into a bott of Lindymans CAWARRA ..

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August 29, 2006 - 11:04 pm

In General, My current opinion based on which states I think are good value at the moment.

WA NO[skull]

Vic Yes[thumbsup2][thumbsup2]

Sydney – Not quite yet[juggle]

Queensland – Yes[]

Tas – No (wink, wink)[curtain]

NT – Around Darwin – Probably[cool4]

SA – Maybe[juggle]

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August 29, 2006 - 11:00 pm

A trust will affect your Land Tax Rates too. It may cost you more or less depending on how much property you have in your name.

Trust Land Tax Rates start at a higher rate as of this year.

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August 23, 2006 - 2:43 am

Maybe when she said “packet”, she meant to say “racket”

There are all sorts of rackets that would make a packet!

Maybe she is smuggling illegal reptiles, or selling counterfeit designer jeans out of her garage.

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August 22, 2006 - 4:43 pm

GR,
I appreciate the opportunity to read about some of your deals. Even if the text is a little confusing.
I understand how difficult it is to write when you have a very busy schedule.

Please continue….

W4L…. ?…… Are you living proof of the futility of giving jewels to fools?[freak]

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August 22, 2006 - 3:59 pm

My HR Holden got rear ended… Write off (tears).

Now I am in a VT commodore wagon………… I feel like my soul and style have been sold to the devil….

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August 17, 2006 - 4:10 pm

Find a good commercial insurance Broker to get the most suitable deal

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August 17, 2006 - 3:56 pm

Sorry E.M., I don’t have anything to sell.

…I’ll check in the shed, um…..

…oh wait, I can sell you an old Holden Red Motor… bit smokey.

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August 17, 2006 - 3:48 pm

blogs,
I like the west side, I just don’t know it that well. I was just throwing in a few suburbs as as start.

I doubt you would get a house for family living under $400k in Maribyrnong.

Still you are right, there are definately some good value areas over tha West side.

[thumbsup2]

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August 17, 2006 - 3:01 am

hi Elkham,

You specify that you will discount by 3.5% at the current int. rates.

If the rates go up, you’re still discounting by 3.5%.

So your amount is not affected.[]

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August 15, 2006 - 4:58 pm

Please tell me you are not serious!!

Put money into dodo farms before you buy an inner city apartment.

The market is saturated, and is being saturated more and more with every building being built.

I rent, in melbourne. It is much cheaper than throwing money at the banks in the form of interest.

If you really must buy, find a reputable buyers advocate to get you a good property with good prospects of capital gain at a reasonable (if not under) market price.

I think Metropole properties do this, but their are others.

An investment should always be researched. If you don’t you will likely be swindled out of a lot more than a few months rent money.

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August 15, 2006 - 4:48 pm

if you wanted to subsidise the buyers interest rate. Simply write a cheque at settlement for the amount of interest you are going to discount.

The buyer can then put this in their account that has loan repayments deducted from it.

After you write out cheque at settlement . you no longer have anything to do with it.

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