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		<title>Somersoft Property Investment Forums - buzzlightyear</title>
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		<description>Posts from Somersoft Property Investment Forums by buzzlightyear</description>
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			<title>Somersoft Property Investment Forums - buzzlightyear</title>
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			<title>FHB: Truganina, Tarneit, Altona Meadows, Point Cook</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64936#post710576</link>
			<pubDate>Fri, 10 Sep 2010 04:25:18 GMT</pubDate>
			<description>You cannot seriously take this supersized McMansion, that is not representative in scale, design, quality or fitout for most newly built homes (at least from what you can tell from the pics), as being representative of a typical new build.

You could build a single story 4br, 2 bathroom, double garage for $180k and get a far better home for your money. The land, well lets say for argument sakes is $240-$250k and there you have a $420-430k home.

Given Tarneit is such a new area, the asking price must surely be breaking price ceilings for this type of property in the area.  Its far too early to build such an expensive home that the area which at this point, cannot sustain.</description>
			<content:encoded><![CDATA[<div>You cannot seriously take this supersized McMansion, that is not representative in scale, design, quality or fitout for most newly built homes (at least from what you can tell from the pics), as being representative of a typical new build.<br />
<br />
You could build a single story 4br, 2 bathroom, double garage for $180k and get a far better home for your money. The land, well lets say for argument sakes is $240-$250k and there you have a $420-430k home.<br />
<br />
Given Tarneit is such a new area, the asking price must surely be breaking price ceilings for this type of property in the area.  Its far too early to build such an expensive home that the area which at this point, cannot sustain.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64936#post710576</guid>
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			<title>Tipping Freo tonight</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=65178#post710502</link>
			<pubDate>Fri, 10 Sep 2010 01:19:59 GMT</pubDate>
			<description><![CDATA[Wouldn't bet on a Freo win.  But the in the run betting provides better value options.  ie first goal, at the line, leading at 1/4, 1/2, 3/4 time, leading goalkicker.

Weather should be fine tonight, so conditions wont affect like last Friday's Saints-cats game.

42 point headstart seems like good value.  Freo will be competitive.  If they can withstand the initial barrage from the Cats, then they will be in the game.]]></description>
			<content:encoded><![CDATA[<div>Wouldn't bet on a Freo win.  But the in the run betting provides better value options.  ie first goal, at the line, leading at 1/4, 1/2, 3/4 time, leading goalkicker.<br />
<br />
Weather should be fine tonight, so conditions wont affect like last Friday's Saints-cats game.<br />
<br />
42 point headstart seems like good value.  Freo will be competitive.  If they can withstand the initial barrage from the Cats, then they will be in the game.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=65178#post710502</guid>
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			<title>Point Cook Vs the East</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64796#post710229</link>
			<pubDate>Thu, 09 Sep 2010 05:11:55 GMT</pubDate>
			<description>
---Quote (Originally by Giddyup)---
Not that I have anything against the west, but I wouldnt put any weight on a report paid for by a football team to say how good it is to live in the west.
---End Quote---
The numbers about population growth are simply that, numbers.  You cannot argue against the source, the ABS.  The interpretation about those numbers and trends are by one of the leading demographers in Bernard Salt.

Its just one source of many giving evidence of a fundamental change in growth areas of Melbourne.

Do you believe the information presented is incorrect or being misrepresented by the author?  The involvement of the Western Bulldogs is irrelevant imo.

As the Western Bulldogs have a relatively small supporter base, their long term planning and strategies must take into account the changing population base and locations.  Given this is essentially in their back yard, they could be a great beneficiary of this fundamental change in the new growth patterns of Melbourne.</description>
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					Originally Posted by <strong>Giddyup</strong>
					(Post 710096)
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				<div style="font-style:italic">Not that I have anything against the west, but I wouldnt put any weight on a report paid for by a football team to say how good it is to live in the west.</div>
			
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</div>The numbers about population growth are simply that, numbers.  You cannot argue against the source, the ABS.  The interpretation about those numbers and trends are by one of the leading demographers in Bernard Salt.<br />
<br />
Its just one source of many giving evidence of a fundamental change in growth areas of Melbourne.<br />
<br />
Do you believe the information presented is incorrect or being misrepresented by the author?  The involvement of the Western Bulldogs is irrelevant imo.<br />
<br />
As the Western Bulldogs have a relatively small supporter base, their long term planning and strategies must take into account the changing population base and locations.  Given this is essentially in their back yard, they could be a great beneficiary of this fundamental change in the new growth patterns of Melbourne.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64796#post710229</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post709870</link>
			<pubDate>Wed, 08 Sep 2010 08:18:09 GMT</pubDate>
			<description>
---Quote (Originally by Witzl)---
....The feasibility of NBN just doesnt stack up for me.
Even though i would love to have it :D
---End Quote---
Interesting, would have the railways when built early in the 20th century been built based on the same rationale as has been levied for the reasons not to build the NBN ie economic return, alternatives transport options etc.... ? :confused:</description>
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					Originally Posted by <strong>Witzl</strong>
					(Post 709842)
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				<div style="font-style:italic">....The feasibility of NBN just doesnt stack up for me.<br />
Even though i would love to have it :D</div>
			
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</div>Interesting, would have the railways when built early in the 20th century been built based on the same rationale as has been levied for the reasons not to build the NBN ie economic return, alternatives transport options etc.... ? :confused:</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Mens Fashion Question</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=65131#post709864</link>
			<pubDate>Wed, 08 Sep 2010 08:12:06 GMT</pubDate>
			<description><![CDATA[Suspenders came back into vogue in the 80's for a while. The stockbroker look.  It was very Wall Street

Image: http://www.somersoft.com/forums/gallery/data/504/thumbs/large_wallstreet460.jpg  (http://www.somersoft.com/forums/gallery/showphoto.php?photo=4201)

Who knows, maybe they'll make a comeback]]></description>
			<content:encoded><![CDATA[<div>Suspenders came back into vogue in the 80's for a while. The stockbroker look.  It was very Wall Street<br />
<br />
<a href="http://www.somersoft.com/forums/gallery/showphoto.php?photo=4201" target="_blank"><img src="http://www.somersoft.com/forums/gallery/data/504/thumbs/large_wallstreet460.jpg" border="0" alt="" /></a><br />
<br />
Who knows, maybe they'll make a comeback</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=65131#post709864</guid>
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			<title>Point Cook Vs the East</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64796#post709848</link>
			<pubDate>Wed, 08 Sep 2010 07:49:07 GMT</pubDate>
			<description>Go West and they have in droves - The Age (http://www.theage.com.au/victoria/go-west-8230-and-they-have-in-droves-20100907-14zm5.html)</description>
			<content:encoded><![CDATA[<div><a href="http://www.theage.com.au/victoria/go-west-8230-and-they-have-in-droves-20100907-14zm5.html" target="_blank">Go West and they have in droves - The Age</a></div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Renting out a Frankston IP?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63067#post709833</link>
			<pubDate>Wed, 08 Sep 2010 07:03:11 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by ManyManeuvers)---
I've recently enlisted 'Fruit' to look after my place in Karingal. 
Standard AV Jennings 3+1+1.5 renting for $285 on 12 month with tennant that is so far proving to be very good.

After 3 months, Fruit have proven to be professional, reasonable, available, while communicating regularly and efficiently. They maintain these qualities regardless of how minor the issue.

Link: http://www.frankston.fruitproperty.com/
re: Fees - I suggest you negotiate directly with them to get your business. I pay 6.6% (inclusive of GST) and negotiated a lower letting fee.
---End Quote---
Can concur with MM.  My Frankston IP has been with Fruit for over a year now and their rental area has been thorough and communicate effectively.]]></description>
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					Originally Posted by <strong>ManyManeuvers</strong>
					(Post 709783)
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				<div style="font-style:italic">I've recently enlisted 'Fruit' to look after my place in Karingal. <br />
Standard AV Jennings 3+1+1.5 renting for $285 on 12 month with tennant that is so far proving to be very good.<br />
<br />
After 3 months, Fruit have proven to be professional, reasonable, available, while communicating regularly and efficiently. They maintain these qualities regardless of how minor the issue.<br />
<br />
Link: <a href="http://www.frankston.fruitproperty.com/" target="_blank">http://www.frankston.fruitproperty.com/</a><br />
re: Fees - I suggest you negotiate directly with them to get your business. I pay 6.6% (inclusive of GST) and negotiated a lower letting fee.</div>
			
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</div>Can concur with MM.  My Frankston IP has been with Fruit for over a year now and their rental area has been thorough and communicate effectively.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=28">Property Management</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Melton - what Margaret Lomas says</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=60222#post709754</link>
			<pubDate>Wed, 08 Sep 2010 03:53:49 GMT</pubDate>
			<description>Margaret still has Melton as one of her hot spots.  Even Frankston is still there.

I believe her methodology whether you believe it or not, is actually not necessarily following the crowd so to speak and is predicting areas of growth in various degrees in yield and capital growth.

Went to her seminar last night in Melbourne.  She had also indicated Warnambool and Mildura as hotspots well for Vic.  Not sure there is a prevailing orthodoxy that says Warnambool or Mildura is the place to invest now.  Of course she did say, that the time is now not in 6 months.</description>
			<content:encoded><![CDATA[<div>Margaret still has Melton as one of her hot spots.  Even Frankston is still there.<br />
<br />
I believe her methodology whether you believe it or not, is actually not necessarily following the crowd so to speak and is predicting areas of growth in various degrees in yield and capital growth.<br />
<br />
Went to her seminar last night in Melbourne.  She had also indicated Warnambool and Mildura as hotspots well for Vic.  Not sure there is a prevailing orthodoxy that says Warnambool or Mildura is the place to invest now.  Of course she did say, that the time is now not in 6 months.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post709318</link>
			<pubDate>Tue, 07 Sep 2010 03:38:29 GMT</pubDate>
			<description>Bob Katter is going with the Libs/Nat Coalition.  The other two may be going the other way but not yet confirmed!</description>
			<content:encoded><![CDATA[<div>Bob Katter is going with the Libs/Nat Coalition.  The other two may be going the other way but not yet confirmed!</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64747#post709318</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post709103</link>
			<pubDate>Mon, 06 Sep 2010 11:53:42 GMT</pubDate>
			<description><![CDATA[If you think there has been a catalyst for a change in people's thinking since the election, I respectfully disagree.  What has changed?  Another election would be another $200m exercise in futility.

Time for the eventual government, the first parliamentary session and a few months will need to pass before people will start making judgements and any prospect of another election that would give a different result.

I still believe the parliament will not run its full course, minority governments rarely do.  But that's the situation we face.  We can't have another election to get a result which suits us.  

It is obvious that most people want certainty but the balance of the votes/electorates is clearly symptomatic of the failings of both major parties to sell their agendas.  And at the same time, other's will and have filled the void.

The independents didn't ask to hold the balance of power, that was the ultimately conferred onto them by the voters across the entire country.  They have acted and represented their electorates responsibly in the last two weeks, irrespective of what decision they ultimately make.

Certainly this is  a scenario, one less certain and far more fluid than the certainty of majority government.  But that's the reality, at least for a little while.  Enjoy the ride :)

In the meantime, I am going back to make some more money being an evil specufestor, watch the Pies win the Premiership and enjoy life.]]></description>
			<content:encoded><![CDATA[<div>If you think there has been a catalyst for a change in people's thinking since the election, I respectfully disagree.  What has changed?  Another election would be another $200m exercise in futility.<br />
<br />
Time for the eventual government, the first parliamentary session and a few months will need to pass before people will start making judgements and any prospect of another election that would give a different result.<br />
<br />
I still believe the parliament will not run its full course, minority governments rarely do.  But that's the situation we face.  We can't have another election to get a result which suits us.  <br />
<br />
It is obvious that most people want certainty but the balance of the votes/electorates is clearly symptomatic of the failings of both major parties to sell their agendas.  And at the same time, other's will and have filled the void.<br />
<br />
The independents didn't ask to hold the balance of power, that was the ultimately conferred onto them by the voters across the entire country.  They have acted and represented their electorates responsibly in the last two weeks, irrespective of what decision they ultimately make.<br />
<br />
Certainly this is  a scenario, one less certain and far more fluid than the certainty of majority government.  But that's the reality, at least for a little while.  Enjoy the ride :)<br />
<br />
In the meantime, I am going back to make some more money being an evil specufestor, watch the Pies win the Premiership and enjoy life.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>The new VB television commercial</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=65009#post708792</link>
			<pubDate>Sun, 05 Sep 2010 11:39:08 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Player)---
I prefer the Carlton Draught ads....
---End Quote---
Interestingly, Foster's employs one ad agency to generates all its creative content

Given that VB's target market is male, working to middle class, probably employed in a trade or semi-professional, the content isn't going to be appealing to everyone.

I thought it was quite amusing.]]></description>
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					Originally Posted by <strong>Player</strong>
					(Post 708520)
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				<div style="font-style:italic">I prefer the Carlton Draught ads....</div>
			
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</div>Interestingly, Foster's employs one ad agency to generates all its creative content<br />
<br />
Given that VB's target market is male, working to middle class, probably employed in a trade or semi-professional, the content isn't going to be appealing to everyone.<br />
<br />
I thought it was quite amusing.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>15% plus returns - not where you may think</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64929#post707183</link>
			<pubDate>Mon, 30 Aug 2010 22:42:37 GMT</pubDate>
			<description>Heard this (http://www.abs.gov.au/ausstats/abs@.nsf/mf/1351.0.55.032?OpenDocument) analysis and references to this report on the radio this morning.

Given the many questions on where to find the best returns etc etc, I thought this may be of interest.</description>
			<content:encoded><![CDATA[<div>Heard <a href="http://www.abs.gov.au/ausstats/abs@.nsf/mf/1351.0.55.032?OpenDocument" target="_blank">this</a> analysis and references to this report on the radio this morning.<br />
<br />
Given the many questions on where to find the best returns etc etc, I thought this may be of interest.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=6">Property Investment - Other</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Point Cook Vs the East</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64796#post707170</link>
			<pubDate>Mon, 30 Aug 2010 20:56:42 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by forumite)---
What's cbf? Not good at acronym.
---End Quote---
Can't be f....... ?]]></description>
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					Originally Posted by <strong>forumite</strong>
					(Post 707144)
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				<div style="font-style:italic">What's cbf? Not good at acronym.</div>
			
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</div>Can't be f....... ?</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>polished timber floor for kitchen- viable option?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64905#post707067</link>
			<pubDate>Mon, 30 Aug 2010 09:17:23 GMT</pubDate>
			<description><![CDATA[A partial look at one of my IP's which has Baltic Pine floorboards in the kitchen.  Its a great choice imo

Image: http://www.somersoft.com/forums/gallery/data/501/thumbs/16042009_004_.jpg  (http://www.somersoft.com/forums/gallery/showphoto.php?photo=4182)]]></description>
			<content:encoded><![CDATA[<div>A partial look at one of my IP's which has Baltic Pine floorboards in the kitchen.  Its a great choice imo<br />
<br />
<a href="http://www.somersoft.com/forums/gallery/showphoto.php?photo=4182" target="_blank"><img src="http://www.somersoft.com/forums/gallery/data/501/thumbs/16042009_004_.jpg" border="0" alt="" /></a></div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=10">Adding Value</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post707060</link>
			<pubDate>Mon, 30 Aug 2010 08:58:49 GMT</pubDate>
			<description>Fed Election (http://www.aec.gov.au/Elections/Australian_Electoral_History/Cost_of_Election_1901_Present.htm) costs for the record</description>
			<content:encoded><![CDATA[<div><a href="http://www.aec.gov.au/Elections/Australian_Electoral_History/Cost_of_Election_1901_Present.htm" target="_blank">Fed Election</a> costs for the record</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64747#post707060</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post705784</link>
			<pubDate>Wed, 25 Aug 2010 22:51:32 GMT</pubDate>
			<description><![CDATA[The whole NBN discussion is symptomatic of the public debate in this country over the past 5-10 years.  It used to be incumbent on those wanting to make public policy changes (ie governments, oppositions) especially in key areas, to engage debate and bring the public along not to agree lock stock and barrel, but to provide a much better understanding of the problem and what the proposed solution is.  Where is the business case for the NBN?

Who knows who is ultimately correct.  The rest of the noise around this issue is pure politicking.  How can someone who is deciding which of the alternatives are best value, make a considered opinion, without simply defaulting and regurgitating party lines.

In comparison, the GST introduction was tested at an election and an exhaustive negotiation with the Democrats to get it through the Senate.  The debate and scrutiny was significant. The same failings with the debates across ETS, MRRT have also occurred.  

No wonder the independents have found a voice.  Assuming the latest vote count, we are going to have 6 independent reps in the House sitting on the cross-benches. Bandt, the gang of three, Andrew Wilke and Tony Crook.  

This is a failure of our political leaders to actually engage and debate open and honestly with the public. Too many focus groups trying to understand the marginal voter to win power for power's sake not to advocate change for the better.  The reform agenda has ground to a halt over the past decade.]]></description>
			<content:encoded><![CDATA[<div>The whole NBN discussion is symptomatic of the public debate in this country over the past 5-10 years.  It used to be incumbent on those wanting to make public policy changes (ie governments, oppositions) especially in key areas, to engage debate and bring the public along not to agree lock stock and barrel, but to provide a much better understanding of the problem and what the proposed solution is.  Where is the business case for the NBN?<br />
<br />
Who knows who is ultimately correct.  The rest of the noise around this issue is pure politicking.  How can someone who is deciding which of the alternatives are best value, make a considered opinion, without simply defaulting and regurgitating party lines.<br />
<br />
In comparison, the GST introduction was tested at an election and an exhaustive negotiation with the Democrats to get it through the Senate.  The debate and scrutiny was significant. The same failings with the debates across ETS, MRRT have also occurred.  <br />
<br />
No wonder the independents have found a voice.  Assuming the latest vote count, we are going to have 6 independent reps in the House sitting on the cross-benches. Bandt, the gang of three, Andrew Wilke and Tony Crook.  <br />
<br />
This is a failure of our political leaders to actually engage and debate open and honestly with the public. Too many focus groups trying to understand the marginal voter to win power for power's sake not to advocate change for the better.  The reform agenda has ground to a halt over the past decade.</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64747#post705784</guid>
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			<title>Damn you QBE!! What a ridiculous reason for declining our loan!!!</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64573#post705633</link>
			<pubDate>Wed, 25 Aug 2010 07:00:07 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Perth Investor)---
Some banks (Like ING) do 85% with no LMI, just a fee of 699-1699 depending on purchase price.  It's not quite 90% but it is better than 80 and still eliminates the mortgage insurers
---End Quote---
I think you need to be with the same employer for a couple of years for memory?]]></description>
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					Originally Posted by <strong>Perth Investor</strong>
					(Post 705620)
				</div>
				<div style="font-style:italic">Some banks (Like ING) do 85% with no LMI, just a fee of 699-1699 depending on purchase price.  It's not quite 90% but it is better than 80 and still eliminates the mortgage insurers</div>
			
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</div>I think you need to be with the same employer for a couple of years for memory?</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=8">Property Finance</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64573#post705633</guid>
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			<title>Is finance becomig restricted for Melbourne inner city units</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64815#post705571</link>
			<pubDate>Wed, 25 Aug 2010 04:45:29 GMT</pubDate>
			<description><![CDATA[
---Quote---
The bigger banks are becoming more wary when lending for inner city units.  That should say something. The banks often require purchasers to have a larger deposit because they view  innercity units to be riskier. Not a problem if you have a big deposit. If I were single I'd love to live in the innercity. But IMHO the innercity is fully priced and there's not much CG to be had at current prices.
---End Quote---
In this (http://www.somersoft.com/forums/showthread.php?t=64793) thread the  above comments were made.

To all the mortgage brokers out there, have you seen a change in the banks lending policy towards Melbourne inner city units/apartments?]]></description>
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				The bigger banks are becoming more wary when lending for inner city units.  That should say something. The banks often require purchasers to have a larger deposit because they view  innercity units to be riskier. Not a problem if you have a big deposit. If I were single I'd love to live in the innercity. But IMHO the innercity is fully priced and there's not much CG to be had at current prices.
			
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</div>In <a href="http://www.somersoft.com/forums/showthread.php?t=64793" target="_blank">this</a> thread the  above comments were made.<br />
<br />
To all the mortgage brokers out there, have you seen a change in the banks lending policy towards Melbourne inner city units/apartments?</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=8">Property Finance</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64815#post705571</guid>
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			<title>Point Cook Vs the East</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64796#post705567</link>
			<pubDate>Wed, 25 Aug 2010 04:34:45 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by sash)---
Ditto Buzz....just 3-4 years ago you were picking land for 135k....now it starts in the low $200s for Point Cook!
---End Quote---
If you are lucky to get decently located land at low $200k's that still a bargain or a misprint:p.  Mid 2 to low 3's seem to be the norm now.]]></description>
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					Originally Posted by <strong>sash</strong>
					(Post 705561)
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				<div style="font-style:italic">Ditto Buzz....just 3-4 years ago you were picking land for 135k....now it starts in the low $200s for Point Cook!</div>
			
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</div>If you are lucky to get decently located land at low $200k's that still a bargain or a misprint:p.  Mid 2 to low 3's seem to be the norm now.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64796#post705567</guid>
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			<title>Anyone know of any 55-65m2 2 storey townhouses/units on the market?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64802#post705553</link>
			<pubDate>Wed, 25 Aug 2010 04:01:27 GMT</pubDate>
			<description><![CDATA[I have a 2 bedroom apt which is 67 sqm in inner melbourne and I thought that was small. And that's one level.  2 story would be essentially two studios on top of each other.  Sheesh :eek:]]></description>
			<content:encoded><![CDATA[<div>I have a 2 bedroom apt which is 67 sqm in inner melbourne and I thought that was small. And that's one level.  2 story would be essentially two studios on top of each other.  Sheesh :eek:</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=6">Property Investment - Other</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64802#post705553</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post705550</link>
			<pubDate>Wed, 25 Aug 2010 03:54:37 GMT</pubDate>
			<description>
---Quote (Originally by topcropper)---
What happens in western Victoria? :D
---End Quote---
We stab them.  Or worse ;)</description>
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					Originally Posted by <strong>topcropper</strong>
					(Post 705544)
				</div>
				<div style="font-style:italic">What happens in western Victoria? :D</div>
			
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</div>We stab them.  Or worse ;)</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64747#post705550</guid>
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			<title>Point Cook Vs the East</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64796#post705545</link>
			<pubDate>Wed, 25 Aug 2010 03:50:05 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Meily)---
If for investment, i would still think that it's worth to buy somewhere established. That's not saying West is not a good area, but those are more for 'long-term' investor. For a quick turn around i would think East and for a slow and steady, i would choose West. :)
---End Quote---
Given the land pricing strategies being proposed by the large land developers in these areas, I am actually of the opinion, that these will continue to increase the price of property.  You only need to see the land price costs increases in the past 5 years.  And they are still more than affordable when compared to the east.

Given the recent price increases the east and south east have seen large increases, going forward, their increases will be far more measured.  The west has a growth story not matched by the east.  

But, that's just my opinion.]]></description>
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					Originally Posted by <strong>Meily</strong>
					(Post 705533)
				</div>
				<div style="font-style:italic">If for investment, i would still think that it's worth to buy somewhere established. That's not saying West is not a good area, but those are more for 'long-term' investor. For a quick turn around i would think East and for a slow and steady, i would choose West. :)</div>
			
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</div>Given the land pricing strategies being proposed by the large land developers in these areas, I am actually of the opinion, that these will continue to increase the price of property.  You only need to see the land price costs increases in the past 5 years.  And they are still more than affordable when compared to the east.<br />
<br />
Given the recent price increases the east and south east have seen large increases, going forward, their increases will be far more measured.  The west has a growth story not matched by the east.  <br />
<br />
But, that's just my opinion.</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64796#post705545</guid>
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			<title>Point Cook Vs the East</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64796#post705537</link>
			<pubDate>Wed, 25 Aug 2010 03:38:53 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by zed_kid)---
You just gave a reason why the east will go up
---End Quote---
Didn't say the East wouldn't go up.  I am of the opinion based on the recent research that I have done, that there is more scope for growth in the West.

This link is not the be all and end all and I could point to other information about infrastructure expenditure but intuitively, there are large nationwide land developers spending huge amounts of money in these areas.  These do not happen without agreements from government about infrastructure to support these.  The extent of the changes being proposed even surprised me.

http://www.gaa.vic.gov.au/growth_areas/]]></description>
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					Originally Posted by <strong>zed_kid</strong>
					(Post 705268)
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				<div style="font-style:italic">You just gave a reason why the east will go up</div>
			
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</div>Didn't say the East wouldn't go up.  I am of the opinion based on the recent research that I have done, that there is more scope for growth in the West.<br />
<br />
This link is not the be all and end all and I could point to other information about infrastructure expenditure but intuitively, there are large nationwide land developers spending huge amounts of money in these areas.  These do not happen without agreements from government about infrastructure to support these.  The extent of the changes being proposed even surprised me.<br />
<br />
<a href="http://www.gaa.vic.gov.au/growth_areas/" target="_blank">http://www.gaa.vic.gov.au/growth_areas/</a></div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64796#post705537</guid>
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			<title>The US is Bankrupt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64540#post705526</link>
			<pubDate>Wed, 25 Aug 2010 03:10:31 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Amadio)---
The thing which is a real bother is that during that time of rampant construction, we who were living there were told it was because of a chronic shortage of housing due to immigration and swelling birth rate.   And there were all kinds of graphs and stats to "prove" this.
---End Quote---
You sure about that?]]></description>
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					Originally Posted by <strong>Amadio</strong>
					(Post 705524)
				</div>
				<div style="font-style:italic">The thing which is a real bother is that during that time of rampant construction, we who were living there were told it was because of a chronic shortage of housing due to immigration and swelling birth rate.   And there were all kinds of graphs and stats to &quot;prove&quot; this.</div>
			
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</div>You sure about that?</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64540#post705526</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post705525</link>
			<pubDate>Wed, 25 Aug 2010 03:09:17 GMT</pubDate>
			<description>I am betting we will head back to the polls.  

One of the independents position is a  guarantee that whatever government is formed will serve its full three-year-term.  Best of luck with than one.</description>
			<content:encoded><![CDATA[<div>I am betting we will head back to the polls.  <br />
<br />
One of the independents position is a  guarantee that whatever government is formed will serve its full three-year-term.  Best of luck with than one.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64747#post705525</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post705493</link>
			<pubDate>Wed, 25 Aug 2010 00:24:28 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Ausprop)---
I don't really use what everyone else did as a barometer of correctness, however blowing $40bn+ on useless chinese junk is far from being correct 'in principal'
---End Quote---
So does the opinion of Joseph Stiglitz count?  

http://larvatusprodeo.net/2010/08/16/open-economists-lecture-on-labors-stimulus/]]></description>
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					Originally Posted by <strong>Ausprop</strong>
					(Post 705490)
				</div>
				<div style="font-style:italic">I don't really use what everyone else did as a barometer of correctness, however blowing $40bn+ on useless chinese junk is far from being correct 'in principal'</div>
			
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</div>So does the opinion of Joseph Stiglitz count?  <br />
<br />
<a href="http://larvatusprodeo.net/2010/08/16/open-economists-lecture-on-labors-stimulus/" target="_blank">http://larvatusprodeo.net/2010/08/16...bors-stimulus/</a></div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64747#post705493</guid>
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			<title>Point Cook Vs the East</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64796#post705259</link>
			<pubDate>Tue, 24 Aug 2010 04:28:49 GMT</pubDate>
			<description><![CDATA[Where is the growth in Melbourne's growth boundaries?  North and west.  We cannot build further east.

In ten years time Point Cook will be deemed as a middle suburb (not forgetting it is ~20km from CBD today,) will be serviced by trains when they are built - http://www.transport.vic.gov.au/web23/Home.nsf/AllDocs/7C5896995BC776AECA257625001CC9BE?OpenDocument.  Aside from that, they will be far closer to the water/beach.  We have growth of Geelong going up the coast and Melbourne expanding south-west.  Think of this connection a bit like how Brisbane and Gold Coast.

Look at the pricing strategies of land developers and their pricing has steadily increased and Melbourane is still the most affordable land when compared to Sydney and Brisbane.  New land releases continue pricing increases as there is no or little developable land relative to demand.  

Demographic changes and pricing constraints will and are currently forcing people to look at the north and west.

Medium density isn't going to happen in the established east and south eastern suburbs that will make any material impact on housing supply.  People will and are looking elsewhere.

The recent extension of the Melbourne urban growth boundary is still 2 years away from actually coming on to the market and it is effectively 4 years worth of housing supply.  It will need to be extended again.  Land price increases will continue to push up property prices in the west and north.  

There is no similar compelling demand and price pressures pushing up prices in the east.

Good luck with your choice. :)]]></description>
			<content:encoded><![CDATA[<div>Where is the growth in Melbourne's growth boundaries?  North and west.  We cannot build further east.<br />
<br />
In ten years time Point Cook will be deemed as a middle suburb (not forgetting it is ~20km from CBD today,) will be serviced by trains when they are built - <a href="http://www.transport.vic.gov.au/web23/Home.nsf/AllDocs/7C5896995BC776AECA257625001CC9BE?OpenDocument" target="_blank">http://www.transport.vic.gov.au/web2...E?OpenDocument</a>.  Aside from that, they will be far closer to the water/beach.  We have growth of Geelong going up the coast and Melbourne expanding south-west.  Think of this connection a bit like how Brisbane and Gold Coast.<br />
<br />
Look at the pricing strategies of land developers and their pricing has steadily increased and Melbourane is still the most affordable land when compared to Sydney and Brisbane.  New land releases continue pricing increases as there is no or little developable land relative to demand.  <br />
<br />
Demographic changes and pricing constraints will and are currently forcing people to look at the north and west.<br />
<br />
Medium density isn't going to happen in the established east and south eastern suburbs that will make any material impact on housing supply.  People will and are looking elsewhere.<br />
<br />
The recent extension of the Melbourne urban growth boundary is still 2 years away from actually coming on to the market and it is effectively 4 years worth of housing supply.  It will need to be extended again.  Land price increases will continue to push up property prices in the west and north.  <br />
<br />
There is no similar compelling demand and price pressures pushing up prices in the east.<br />
<br />
Good luck with your choice. :)</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64796#post705259</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post704842</link>
			<pubDate>Mon, 23 Aug 2010 03:12:23 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by weg)---
Mining sector is up today on the speculation that the mining tax may be scrapped under a Labor minority.

Btw which seat is it that's given Labor a 73rd?
---End Quote---
Denison

http://www.abc.net.au/elections/federal/2010/guide/deni.htm]]></description>
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					Originally Posted by <strong>weg</strong>
					(Post 704838)
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				<div style="font-style:italic">Mining sector is up today on the speculation that the mining tax may be scrapped under a Labor minority.<br />
<br />
Btw which seat is it that's given Labor a 73rd?</div>
			
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</div>Denison<br />
<br />
<a href="http://www.abc.net.au/elections/federal/2010/guide/deni.htm" target="_blank">http://www.abc.net.au/elections/fede...guide/deni.htm</a></div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post704806</link>
			<pubDate>Mon, 23 Aug 2010 02:08:20 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by our obsession)---
you are a funny, teasing guy.:)

Buzz:

Penny spoke about this on Q and A, few weeks ago, it was interesting, a question from the audience asked this question and her answer was really interesting, I don't particularly want to take it out of context, I'll have a look see if it's archived later, Q and A has seen some fun, humor and rather candid stuff shared.
---End Quote---
Thanks OO.  I had a look at the Q&A transcript (26/7) you referred to.  

It would be interesting to see whether if that same answer was given by a conservative politician, what the reaction would have been.]]></description>
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					(Post 704803)
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				<div style="font-style:italic">you are a funny, teasing guy.:)<br />
<br />
Buzz:<br />
<br />
Penny spoke about this on Q and A, few weeks ago, it was interesting, a question from the audience asked this question and her answer was really interesting, I don't particularly want to take it out of context, I'll have a look see if it's archived later, Q and A has seen some fun, humor and rather candid stuff shared.</div>
			
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</div>Thanks OO.  I had a look at the Q&amp;A transcript (26/7) you referred to.  <br />
<br />
It would be interesting to see whether if that same answer was given by a conservative politician, what the reaction would have been.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title><![CDATA[The election day stat I'm keen to know...]]></title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64764#post704796</link>
			<pubDate>Mon, 23 Aug 2010 01:32:01 GMT</pubDate>
			<description><![CDATA[There was a sausage sizzle at the primary school where I voted.  Seemed to be doing a good trade in the ten minutes I had to wait in the queue.

Sorry Scott, didn't do an inventory audit and got those numbers.]]></description>
			<content:encoded><![CDATA[<div>There was a sausage sizzle at the primary school where I voted.  Seemed to be doing a good trade in the ten minutes I had to wait in the queue.<br />
<br />
Sorry Scott, didn't do an inventory audit and got those numbers.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64764#post704796</guid>
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			<title>Liberal Federal Govt</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64747#post704795</link>
			<pubDate>Mon, 23 Aug 2010 01:27:06 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by evand)---
For you vanilla, boring conservative types. I reckon Penny Wong would make a great PM imo. Asian , lesbian, christian and labor......what more could you want? talk about freaking you guys out. Very scary proposition.....hahaha....
---End Quote---
Given her performance in not being able to sell the ETS or convince Rudd & Gillard et al to have a double dissolution on the election on the issue and her absence in the Labor campaigning, I suspect even the Labor party don't believe she has the capabilities of being anything more than a 'political clydesdale'.

BTW, why isn't she an advocate for gay marriage?]]></description>
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					Originally Posted by <strong>evand</strong>
					(Post 704767)
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				<div style="font-style:italic">For you vanilla, boring conservative types. I reckon Penny Wong would make a great PM imo. Asian , lesbian, christian and labor......what more could you want? talk about freaking you guys out. Very scary proposition.....hahaha....</div>
			
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</div>Given her performance in not being able to sell the ETS or convince Rudd &amp; Gillard et al to have a double dissolution on the election on the issue and her absence in the Labor campaigning, I suspect even the Labor party don't believe she has the capabilities of being anything more than a 'political clydesdale'.<br />
<br />
BTW, why isn't she an advocate for gay marriage?</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=36">Property Market Economics</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64747#post704795</guid>
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			<title>Investment near the beach</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64624#post704779</link>
			<pubDate>Mon, 23 Aug 2010 00:53:12 GMT</pubDate>
			<description>
---Quote (Originally by jthunder)---
It didn’t sell at auction.  Now will see what the actual sale price will be.
---End Quote---
Passed in on vendor bid at $430k.</description>
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					Originally Posted by <strong>jthunder</strong>
					(Post 704776)
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				<div style="font-style:italic">It didn’t sell at auction.  Now will see what the actual sale price will be.</div>
			
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</div>Passed in on vendor bid at $430k.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64624#post704779</guid>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post704757</link>
			<pubDate>Sun, 22 Aug 2010 23:37:30 GMT</pubDate>
			<description>
---Quote (Originally by HiEquity)---
Agreed - me too!  The Greens so far have 11.5% of the primary vote - a new record!  A 47% increase from last election - what a superb growth rate - verging on exponential!
---End Quote---
47% increase.  Must be a bubble</description>
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					Originally Posted by <strong>HiEquity</strong>
					(Post 704669)
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				<div style="font-style:italic">Agreed - me too!  The Greens so far have 11.5% of the primary vote - a new record!  A 47% increase from last election - what a superb growth rate - verging on exponential!</div>
			
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</div>47% increase.  Must be a bubble</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=63406#post704757</guid>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post704613</link>
			<pubDate>Sun, 22 Aug 2010 08:44:46 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Mandy Mac)---
Lizzie - I agree - it's very, very nice to be having a friendly debate over which democratically elected members will team up together to make some laws that won't change our lives too much.  A bit more tax, a bit less tax, a bit more incentive to breed, a bit less, some better technology or maybe not.  Nice to live in a place like that.
---End Quote---
Assuming a minority Lib government, Abbott has pledged another review into the Henry Review as a catalyst for futher tax reform  (That mirror that the ALP were using in government needs to be recycled :D)

Let's hope that this is done, as we need to reform our tax system. Reform has slowly ground to zero over the past 6 years when compared to the 80's, 90's & early 00's]]></description>
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					Originally Posted by <strong>Mandy Mac</strong>
					(Post 704605)
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				<div style="font-style:italic">Lizzie - I agree - it's very, very nice to be having a friendly debate over which democratically elected members will team up together to make some laws that won't change our lives too much.  A bit more tax, a bit less tax, a bit more incentive to breed, a bit less, some better technology or maybe not.  Nice to live in a place like that.</div>
			
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</div>Assuming a minority Lib government, Abbott has pledged another review into the Henry Review as a catalyst for futher tax reform  (That mirror that the ALP were using in government needs to be recycled :D)<br />
<br />
Let's hope that this is done, as we need to reform our tax system. Reform has slowly ground to zero over the past 6 years when compared to the 80's, 90's &amp; early 00's</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post704609</link>
			<pubDate>Sun, 22 Aug 2010 08:36:50 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Mandy Mac)---
Oh, and didn't Gillard say that she wouldn't consider a coalition with the Greens, yet she's met with them today as the first step in negotiations...
---End Quote---
Did Julia say that? :confused:

The Tasmanian Premier David Bartlett said before their election in march that he would not negotiate with the Greens under any circumstances and if it was a hung parliament, he would agree to cede government to the party that had the most votes if number of seats were tied.  That tune soon changed after the results were finalised.

At the end of the day, the ultimate objective of politics is to be in a position of power.  If that means backing away from previously made comments, then that's the game.

But all it does say, a vote for the Greens is essentially a vote for Labor.  Its been the same way since Hawke & Richardson did a deal for their preferences in the late 80's.

http://www.theage.com.au/federal-election/greens-hedge-their-bets-20100822-13aks.html?autostart=1]]></description>
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					Originally Posted by <strong>Mandy Mac</strong>
					(Post 704605)
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				<div style="font-style:italic">Oh, and didn't Gillard say that she wouldn't consider a coalition with the Greens, yet she's met with them today as the first step in negotiations...</div>
			
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</div>Did Julia say that? :confused:<br />
<br />
The Tasmanian Premier David Bartlett said before their election in march that he would not negotiate with the Greens under any circumstances and if it was a hung parliament, he would agree to cede government to the party that had the most votes if number of seats were tied.  That tune soon changed after the results were finalised.<br />
<br />
At the end of the day, the ultimate objective of politics is to be in a position of power.  If that means backing away from previously made comments, then that's the game.<br />
<br />
But all it does say, a vote for the Greens is essentially a vote for Labor.  Its been the same way since Hawke &amp; Richardson did a deal for their preferences in the late 80's.<br />
<br />
<a href="http://www.theage.com.au/federal-election/greens-hedge-their-bets-20100822-13aks.html?autostart=1" target="_blank">http://www.theage.com.au/federal-ele...ml?autostart=1</a></div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post704510</link>
			<pubDate>Sun, 22 Aug 2010 00:11:18 GMT</pubDate>
			<description>On another reference to history last night, there is a DLP senator in Victoria (John Madigan).  Yes, the Democratic Labor Party.  :eek:  First time since 1974 Federally (I believe)</description>
			<content:encoded><![CDATA[<div>On another reference to history last night, there is a DLP senator in Victoria (John Madigan).  Yes, the Democratic Labor Party.  :eek:  First time since 1974 Federally (I believe)</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post704505</link>
			<pubDate>Sat, 21 Aug 2010 23:56:55 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Strannik)---
surely that's not because people voted for Greens

what i'm getting at is that by that slogan people are discouraged to vote for greens because they are made to believe their vote will automatically fall to labour
---End Quote---
Over 80% of Green voters preferenced Labor based on commentary from many candidates and their scrutineers commentary last night and the 2007 election.   

Last night, the national swing against the Labor party was 5.5%, of which the Greens picked up 3.7%. (Source http://www.abc.net.au/elections/federal/2010/).

Its not automatic, but its pretty much close to.]]></description>
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					Originally Posted by <strong>Strannik</strong>
					(Post 704499)
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				<div style="font-style:italic">surely that's not because people voted for Greens<br />
<br />
what i'm getting at is that by that slogan people are discouraged to vote for greens because they are made to believe their vote will automatically fall to labour</div>
			
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</div>Over 80% of Green voters preferenced Labor based on commentary from many candidates and their scrutineers commentary last night and the 2007 election.   <br />
<br />
Last night, the national swing against the Labor party was 5.5%, of which the Greens picked up 3.7%. (Source <a href="http://www.abc.net.au/elections/federal/2010/" target="_blank">http://www.abc.net.au/elections/federal/2010/</a>).<br />
<br />
Its not automatic, but its pretty much close to.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post704163</link>
			<pubDate>Fri, 20 Aug 2010 05:05:55 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Sunfish)---
I think this is a very polarised electorate. I, personally, have never had such strong feelings in the 40+ years I've been voting. I don't expect a hung parliament and think the pollsters will end up wondering what went wrong. Might even take the odds on offer for a Lib win. :)
---End Quote---

---Quote (Originally by Dazz)---
I hope you are right Thommo.

I also get the sneaky suspicion it won't be close at all.  I reckon it'll be a landslide victory for the coalition.  Apparently the last by-election in NSW saw something like a 24% swing towards the Lib candidate.  The Labor pollsters were shocked.....
---End Quote---
I have been listening via the net to the different radio stations across the country.  Such a huge difference in sentiment between Qld, WA, NSW and Vic.  

Here in Melbourne you would expect that the Greens and Labor would be winning if you hadn't seen the polls.  

I have no idea who will win, although I still think the odds are against a change in government.  Interestingly the Murdoch press with the exception of the Adelaide Advertiser has supported the coalition with the Fairfax press (The Age & SMH) aligning themselves to the ALP.  The AFR didn't support anyone.

However, there have been huge betting plunges on the Libs to win.  From odds over of over $3.72 to now $2.53. :eek:  That's a massive plunge in odds in essentially a two horse race.]]></description>
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					Originally Posted by <strong>Sunfish</strong>
					(Post 704063)
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				<div style="font-style:italic">I think this is a very polarised electorate. I, personally, have never had such strong feelings in the 40+ years I've been voting. I don't expect a hung parliament and think the pollsters will end up wondering what went wrong. Might even take the odds on offer for a Lib win. :)</div>
			
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					Originally Posted by <strong>Dazz</strong>
					(Post 704101)
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				<div style="font-style:italic">I hope you are right Thommo.<br />
<br />
I also get the sneaky suspicion it won't be close at all.  I reckon it'll be a landslide victory for the coalition.  Apparently the last by-election in NSW saw something like a 24% swing towards the Lib candidate.  The Labor pollsters were shocked.....</div>
			
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</div>I have been listening via the net to the different radio stations across the country.  Such a huge difference in sentiment between Qld, WA, NSW and Vic.  <br />
<br />
Here in Melbourne you would expect that the Greens and Labor would be winning if you hadn't seen the polls.  <br />
<br />
I have no idea who will win, although I still think the odds are against a change in government.  Interestingly the Murdoch press with the exception of the Adelaide Advertiser has supported the coalition with the Fairfax press (The Age &amp; SMH) aligning themselves to the ALP.  The AFR didn't support anyone.<br />
<br />
However, there have been huge betting plunges on the Libs to win.  From odds over of over $3.72 to now $2.53. :eek:  That's a massive plunge in odds in essentially a two horse race.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Investment near the beach</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64624#post703865</link>
			<pubDate>Thu, 19 Aug 2010 08:51:21 GMT</pubDate>
			<description><![CDATA[My point is this.  Obviously prices have shot up over the past 12-16 months.  As a result rental yields have fallen as rents haven't had time to increase to more normal yields.  Therefore, rents will need some time again, imo, to play catch up before we have another growth spurt, based solely on the numbers.

In this instance, I would agree if it was an unrenovated property and/or had the ability to add value in another way and that comparable renovated properties that were more expensive than the proposed purchase, then this might give a green light.  

For the property and the numbers you are proposing, it is, imo, 18 months too late to purchase this one.

Is there a plan B or other property types that you are looking at?]]></description>
			<content:encoded><![CDATA[<div>My point is this.  Obviously prices have shot up over the past 12-16 months.  As a result rental yields have fallen as rents haven't had time to increase to more normal yields.  Therefore, rents will need some time again, imo, to play catch up before we have another growth spurt, based solely on the numbers.<br />
<br />
In this instance, I would agree if it was an unrenovated property and/or had the ability to add value in another way and that comparable renovated properties that were more expensive than the proposed purchase, then this might give a green light.  <br />
<br />
For the property and the numbers you are proposing, it is, imo, 18 months too late to purchase this one.<br />
<br />
Is there a plan B or other property types that you are looking at?</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Vote-a-matic</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64638#post703349</link>
			<pubDate>Tue, 17 Aug 2010 22:48:03 GMT</pubDate>
			<description>I have been called an a.s.s. before, maybe this confirms it.  41% donkey</description>
			<content:encoded><![CDATA[<div>I have been called an a.s.s. before, maybe this confirms it.  41% donkey</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
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			<title>Investment near the beach</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64624#post702858</link>
			<pubDate>Mon, 16 Aug 2010 09:53:43 GMT</pubDate>
			<description><![CDATA[At an asking price of $440-$485 and rent of $340pw, that's a price more akin or designed at an owner occupier imo.

That's a gross yield of between 3.6% to 4% assuming those rentals are correct.  Is that sufficient?]]></description>
			<content:encoded><![CDATA[<div>At an asking price of $440-$485 and rent of $340pw, that's a price more akin or designed at an owner occupier imo.<br />
<br />
That's a gross yield of between 3.6% to 4% assuming those rentals are correct.  Is that sufficient?</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=35">Where to Buy</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64624#post702858</guid>
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			<title>Loan from relative</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64539#post702673</link>
			<pubDate>Sun, 15 Aug 2010 23:46:51 GMT</pubDate>
			<description>As an aside, the relative will also be required to account for the interest income earned (from you) in their tax return. 

Might be worthwhile to document the loan arrangements and have it witnessed as well.</description>
			<content:encoded><![CDATA[<div>As an aside, the relative will also be required to account for the interest income earned (from you) in their tax return. <br />
<br />
Might be worthwhile to document the loan arrangements and have it witnessed as well.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=7">Accounting and Tax</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64539#post702673</guid>
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			<title>garbage charges ,who pay?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64512#post701320</link>
			<pubDate>Wed, 11 Aug 2010 07:22:53 GMT</pubDate>
			<description>The owner pays</description>
			<content:encoded><![CDATA[<div>The owner pays</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=28">Property Management</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64512#post701320</guid>
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			<title>$9.7million stamp duty reduced to $765</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64506#post701224</link>
			<pubDate>Wed, 11 Aug 2010 03:56:17 GMT</pubDate>
			<description><![CDATA[I believe this was used by Myer family when the private consortium purchasing Myer from CML, entered into a long term lease (99yrs for memory?) for the Melbourne CBD flagship building in 2006.  So the consortium didn't have to pay stamp duty.  

I think this loophole in Vic at least has been closed however as a result.]]></description>
			<content:encoded><![CDATA[<div>I believe this was used by Myer family when the private consortium purchasing Myer from CML, entered into a long term lease (99yrs for memory?) for the Melbourne CBD flagship building in 2006.  So the consortium didn't have to pay stamp duty.  <br />
<br />
I think this loophole in Vic at least has been closed however as a result.</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=7">Accounting and Tax</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64506#post701224</guid>
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			<title>Gap between wall and ceiling?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64485#post700895</link>
			<pubDate>Tue, 10 Aug 2010 05:03:01 GMT</pubDate>
			<description><![CDATA[That's the way it is designed.  Why would you want to change it?]]></description>
			<content:encoded><![CDATA[<div>That's the way it is designed.  Why would you want to change it?</div>

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			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=10">Adding Value</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64485#post700895</guid>
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			<title>Questions to ask a Real estate agent when buying?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64349#post700870</link>
			<pubDate>Tue, 10 Aug 2010 03:42:52 GMT</pubDate>
			<description><![CDATA[Interestingly, recently I had sold a property and as part of my initial conversations with the selling agent, my back story was that I was selling to access funds to purchase a commercial property.  Not entirely true however, knowing that some people would have asked that question, so I conditioned my agent on that one.

This was a far better story than saying I was liquidating because of the significant increase in the price over the past 18 months since purchasing, I couldn't see any substantial increase in capital value, as rental returns were now (given price ultimately paid) 3.7% (gross) for a 2 bedroom flat (~3% net).]]></description>
			<content:encoded><![CDATA[<div>Interestingly, recently I had sold a property and as part of my initial conversations with the selling agent, my back story was that I was selling to access funds to purchase a commercial property.  Not entirely true however, knowing that some people would have asked that question, so I conditioned my agent on that one.<br />
<br />
This was a far better story than saying I was liquidating because of the significant increase in the price over the past 18 months since purchasing, I couldn't see any substantial increase in capital value, as rental returns were now (given price ultimately paid) 3.7% (gross) for a 2 bedroom flat (~3% net).</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=25">The Buying/Selling Process</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64349#post700870</guid>
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			<title>Ceiling Roses - The process</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64427#post700436</link>
			<pubDate>Mon, 09 Aug 2010 02:45:38 GMT</pubDate>
			<description>Image: http://www.somersoft.com/forums/gallery/data/500/thumbs/IMG_0401_2.JPG  (http://www.somersoft.com/forums/gallery/showphoto.php?photo=3808)

Ok, the wallpaper is now gone (RIP).</description>
			<content:encoded><![CDATA[<div><a href="http://www.somersoft.com/forums/gallery/showphoto.php?photo=3808" target="_blank"><img src="http://www.somersoft.com/forums/gallery/data/500/thumbs/IMG_0401_2.JPG" border="0" alt="" /></a><br />
<br />
Ok, the wallpaper is now gone (RIP).</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=10">Adding Value</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64427#post700436</guid>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post700432</link>
			<pubDate>Mon, 09 Aug 2010 02:38:05 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by Gordon Farkus)---
Why incur a $110 fine? Just vote informal, or collect your ballot paper and take it home with you.
---End Quote---
You actually only need to have your name crossed off the electoral roll.  You needn't actually fill out a ballot.  

At least its a bit of exercise, just a leisurely walk down to the local church, school or community centre on the Saturday.]]></description>
			<content:encoded><![CDATA[<div><div style="margin:20px; margin-top:5px; ">
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					Originally Posted by <strong>Gordon Farkus</strong>
					(Post 700425)
				</div>
				<div style="font-style:italic">Why incur a $110 fine? Just vote informal, or collect your ballot paper and take it home with you.</div>
			
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</div>You actually only need to have your name crossed off the electoral roll.  You needn't actually fill out a ballot.  <br />
<br />
At least its a bit of exercise, just a leisurely walk down to the local church, school or community centre on the Saturday.</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=63406#post700432</guid>
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			<title>Abbott or Gillard...?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=63406#post700430</link>
			<pubDate>Mon, 09 Aug 2010 02:35:14 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by gooram)---
It seems that way... and if that happens I think it will put into power the worst leader of our country in history.  It is oh so scary that nearly half of our population think Abbot is fit to be our prime minister.
---End Quote---
Did you want to expand on your rationale?

At the election of KRudd in 2007, the perception was that he was a breath of fresh air, new direction etc, now how would you rate him now? 

There was a very similar view of Mark Latham as well when he was elected in 2003.  Interestingly, many sitting ALP MP's voted for him as leader.]]></description>
			<content:encoded><![CDATA[<div><div style="margin:20px; margin-top:5px; ">
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					Originally Posted by <strong>gooram</strong>
					(Post 700411)
				</div>
				<div style="font-style:italic">It seems that way... and if that happens I think it will put into power the worst leader of our country in history.  It is oh so scary that nearly half of our population think Abbot is fit to be our prime minister.</div>
			
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</div>Did you want to expand on your rationale?<br />
<br />
At the election of KRudd in 2007, the perception was that he was a breath of fresh air, new direction etc, now how would you rate him now? <br />
<br />
There was a very similar view of Mark Latham as well when he was elected in 2003.  Interestingly, many sitting ALP MP's voted for him as leader.</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=23">Coffee Lounge</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=63406#post700430</guid>
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			<title>Letter of offer with a cheque?</title>
			<link>http://www.somersoft.com/forums/showthread.php?t=64325#post699759</link>
			<pubDate>Sat, 07 Aug 2010 00:41:48 GMT</pubDate>
			<description><![CDATA[
---Quote (Originally by jigglypuff)---
....I have never sold a property, so looking at it from a vendor's perspective,  I'd prefer an offer with cheque .........
---End Quote---
Having done it twice in the last year, I would tweak that by saying a signed contract with a deposit cheque ;)]]></description>
			<content:encoded><![CDATA[<div><div style="margin:20px; margin-top:5px; ">
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					Originally Posted by <strong>jigglypuff</strong>
					(Post 699659)
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				<div style="font-style:italic">....I have never sold a property, so looking at it from a vendor's perspective,  I'd prefer an offer with cheque .........</div>
			
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</div>Having done it twice in the last year, I would tweak that by saying a signed contract with a deposit cheque ;)</div>

]]></content:encoded>
			<category domain="http://www.somersoft.com/forums/forumdisplay.php?f=25">The Buying/Selling Process</category>
			<dc:creator>buzzlightyear</dc:creator>
			<guid isPermaLink="true">http://www.somersoft.com/forums/showthread.php?t=64325#post699759</guid>
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