Yes it is. More inspections tomorrow — they will be swarming over the properties not dissimilar to the 7:30 report story. The difference is only a matter of degrees.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
interesting, We bought an asset with a replacement value of $6m plus for $1.35m plus $250,000 costs and repairs that we have paid for from turnover, where does that show up on the chart. Remember two things 1) every dog has it's day. 2) No one buys a market, they buy an independent deal. 3) There is always a deal. Peter Good luck.
interesting, We bought an asset with a replacement value of $6m plus for $1.35m plus $250,000 costs and repairs that we have paid for from turnover, where does that show up on the chart. Remember two things 1) every dog has it's day. 2) No one buys a market, they buy an independent deal. 3) There is always a deal. Peter Good luck.
Was that 3?
What's the earnings?
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
Yes it is. More inspections tomorrow — they will be swarming over the properties not dissimilar to the 7:30 report story. The difference is only a matter of degrees.
I think it is great that the Chinese are buying our property, but they should only buy new builds, it is a great industry for Australia, housing wealthy people. Lets do it and lets do it well. We may not be able to build good cars (yet) but we can build great houses and we have a wonderful country, so bring them in and house them. They pay to stay. Don't let them buy the shacks from the natives (us) get them to add to the housing stock and make them welcome. "If you got the money honey, i got the time." Big boy. Peter from Gnarabup.
We are 8 months in, major change to the business model, major refit, and figures exceeding old owners figures. Saying that, Margaret River tourist numbers are the highest in 8 years according to the big players. Margrets Beach is the best in the area and they are reporting the best year in the last 8. Aussie dollar is down and the Western Australian population is much higher than 8 years ago. So to early to call boom baby but WOW. People are coming back to Margaret River. Great to see and i hope it continues and that the people keep loving it. I see Queensland tourist numbers are up also.
I would like to see this trend continue for a couple of years before i call the bottom, but man it's looking good. Thanks for the interest. And if your in Marges please drop in and say hi.
I think it is great that the Chinese are buying our property,
The segment is speculative house flippers, they don't lease the property to renters. They are as useful as dead pixels in a LCD screen. I don't see that as being great.
foxbat101
29 Nov 2013, 01:09 PM
We are 8 months in, major change to the business model, major refit, and figures exceeding old owners figures.
In theory a falling AUD should benefit, so end of the decade should pay off.
The segment is speculative house flippers, they don't lease the property to renters. They are as useful as dead pixels in a LCD screen. I don't see that as being great. In theory a falling AUD should benefit, so end of the decade should pay off.
thanks and if your down this way please drop in and say hi, kettle is always hot. Peter
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