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Mega suburb land value jumped; Political donor gets a good deal
Topic Started: 30 Sep 2014, 08:18 AM (650 Views)
zaph
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An LNP donor sold a site slated for a new mega suburb for $70 million more than it was valued at earlier this year, after signing a deal with Brisbane City Council.
The council signed an infrastructure agreement with long-time LNP donor Ian Macallister in February that paved the way for him to sell 227 hectares of land bordering The Gap to West Australian property developer Cedar Woods for $74 million in May.
Without the legally binding agreement, the Upper Kedron property's unimproved capital value was just $2.5 million, according to council calculations.
The document forms part of an assessment application made to Federal Environment Minister Greg Hunt by Cedar Woods, which has proposed a high density, 1350 lot subdivision for the leafy site that has been met with fierce opposition from neighbouring residents.


Read more: http://www.brisbanetimes.com.au/queensland/mega-suburb-land-value-jumped-after-deal-20140929-10nrfq.html#ixzz3Ek3L3hmV


Nothing to see here!
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Ex BP Golly
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OmG!

WHAT WOULD EDDIE DO?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Bardon
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Quite a good specy this one.
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Blondie girl
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zaph
30 Sep 2014, 08:18 AM


Nothing to see here!
Of course zaph it's beyond your comprehension when all you understand is house boarding the transient tenants & not understand what's beyond the Internet.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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zaph
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Blondie girl
5 Oct 2014, 11:28 AM
the transient tenants & not understand what's beyond the Internet.
Quote:
 
Of course zaph it's beyond your comprehension when all you understand is house boarding


Not sure how?

Let's put it in simple terms, that you might understand.

Person A buys land, donates a lot to a political party. Person A, rezones land. Govt rezones land as much more valuable. Person A sells land that has a more valuable land for 100 times purchase price. Would you like a picture? Would that help?

Would you like a picture? Or do you only understand sitting on a vibrator?
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