[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 4, 2004 - 9:00 pm

Yack said:

You have $10k cash. You buy shares and borrow $5k. Thats about all you can get

With $10K you should be able to borrow about $23K on a 70% margin loan, that gives you $33K of stock.

Bear1964 said:

but I know some people have lost all their money in one shares transaction

This is more to do with poor money management than with the sharemarket itself.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 4, 2004 - 12:49 pm

As mentioned, Bribie, is north of Redcliffe, East of Caboolture. It’s joined to the mainland by a bridge which is about 1km long crossing the Pumicestone Channel. About 90% of the island is sanctuary/national park so all the development is limited to the southern part of the island. Most of the development has been on the channel (mainland) side and there’s been many canal developments in the last 15 years.

For many years the island was the mainstay of retirees and fisherman with weekenders. Now with all the new subdivisions there’s a lot more larger homes for those who want the lifestyle within commuting distance of Brisbane. The worst part would be the narrow road (and bridge) to the highway.

My inlaws used to have property there as well, so I’ve spent some time there. Great spot.

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 4, 2004 - 4:22 am

You’re right Bruce, I’m still kicking myself over one I didn’t grab on Bribie.

I’ve got a relative who bought a place at Beachmere about 2 years ago for about $60K, it’s just been sold for $225K.

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 3, 2004 - 11:54 pm

Hi bluecat,

My previous reply was a bit brief, so here’s the full story.

As settlement was approaching, ANZ in NZ wanted me to open a NZ account for loan payments to come out of. The message I got from NZ (via my mortgage broker) was that I should be able to do that at any Australian Branch. Of course, when I went into my nearest branch (William St, Melbourne), they said “no you have to go to NZ to do that”. After I told them that ANZ NZ had told me I could, they rang NZ (Wellington Branch, I think it may be their NZ HO) who faxed the forms over. I signed them (needed passport for ID), gave them my email address and waited. A couple of hours later I got an email from NZ with account number etc, and details of how to set up internet banking.

So yes, it was unusual for them and yes, they were helpful people. Of course the key may well have been that I was able to say “ANZ in NZ told me I could”.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 3, 2004 - 11:00 pm

All make the 10sec rule

Is the 10sec rule what the 11 second solution used to be before GST ?? [?][]

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 3, 2004 - 10:39 pm

You’re right there’s a lot of development going on around Deception Bay. The council has done a lot to clean up the image of the area.

However you may have missed the boat though, prices have already gone up by up to 80% in the last couple of years. Rents haven’t really moved though, so +ve cashflow is unlikely.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 3, 2004 - 10:24 pm

$1 million of income generating equity.

$1 million of PPOR equity doesn’t really count.

Rod

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 3, 2004 - 6:23 am

I managed to open a NZ ANZ account from Australia, so it can be done. It’s probably best to get a NZ branch to fax the relevant forms to an Aussie branch then do the signature/identity thing at the Australian branch and get them to fax them back.

I believe people should organise banking before they even put offers in in NZ. To easily be able to pay your lawyer, building inspector, order LIMs, etc.

I didn’t bother opening a NZ account until just before settlement. It was easy enough to pay for lawyers, LIM’s etc via Australian Westpac Internet Banking or via Credit Card.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 1, 2004 - 12:59 am

Hi Pisces,

That’s sounds typical of the determination of the Westfield duo. Have you read Frank Lowy’s story (by Jill Margo), it’s a phenomenal story.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 1, 2004 - 12:54 am

Am I reading this right? $800K seems an awful lot to spend on a weekender.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 31, 2004 - 8:53 am

It must have been raining everywhere today! []

You guys need to get outside and get a life.

Go and find some IP’s.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 9, 2004 - 5:21 am

thanks Steve, I found the active topics on LH side just after my last posting.

Now I can’t find the Logout, I click on the “click here” at the top of the page but nothing happens.

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 9, 2004 - 3:09 am

2 observations.

The “active topics” button is harder to find.

Also is it possible to have a “next page” button on the bottom of the page on multi page threads so that you can go to the next (or previous) page without having to scroll up.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 7, 2004 - 8:51 am

Fair enough,

we’ve got a few Enjo items, they work well.

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 7, 2004 - 8:35 am

Does this mean that Enjo is now “out of favour”?

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 7, 2004 - 8:05 am

quote:

---

Look at what Tourism did for Williamstown Vic.

---

I don’t think it’s reasonable to compare Queenstown to Williamstown. The fundamentals are quite different. Williamstown has the full infrastructure and employment of Melbourne to support it in addition to tourism. Queenstown is much more isolated.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 7, 2004 - 7:05 am

Hi Bear,

I think Lloyd is referring to wireless LAN (which is now cheap), not wireless internet. I’m guessing he just plugs in normally whne he’s at the cafe (I’m sure he’ll correct this if I’m wrong).

With regards to firewalls, many of the broadband routers have got hardware firewalls built in, something else to investigate. I’ve got one and have ZoneAlarm as well, but nothing gets thru the router to the ZoneAlarm.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 7, 2004 - 6:59 am

Hi Matt,

There’s no need to rush in. As this is your first IP, take your time to learn the market before committing all your funds.

Instead of 5 or 6 IP’s straight up, you may be better looking at 1 or 2 (with 80% loans) and keeping some funds in reserve to cover vacancies, maintenance etc. It’s probably best to do as Pisces suggested and use an offset account.

Good Luck, you seem to be on the right track.

regards,

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 4, 2004 - 11:21 pm

hi Bear,

I’m using swiftel 256/64 and am very pleased, but unfortunately for you they don’t cover SA.

Have a read of http://whirlpool.net.au/ they’ve got comparisons of all of the isp’s and plenty of info in their forums.

You’ll probably find that 256/64 is plenty fast enough for general web usage.

regards,.

Rod.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

January 4, 2004 - 10:50 pm

Hi recovery,

I haven’t got any experiance with the UK market, but here’s another site for you:

http://www.home.co.uk/

regards,

Rod.