Recent content by gazza

Ausprop Yes I am. Currently have 100K in MEIF. Thinking I might cut my losses (around 18K apparently). Don't like being locked in for another 4 years ie no redemption and the fact that while the bonds might earn income that you have to pay tax on, but you don't actually get paid any...

thansk Rick - did try to do a search but failed miserably for some reason Steve- have sent you a PM

We are thinking about selling our IP in Heatherton. Given we are based in Canberra, I am looking for recommendations for a Melbourne based solicitor or conveyancer to handle the sale. thanks Gazza

Totally agree Francesco. I have seen MY a few times, the last time a couple of years back in Sydney and other than a couple of powerpoints showing current median prices, almost all of the rest of the slides seemed very familiar. Might have been useful for first timers but otherwise from my...

you should try building in Canberra. prices here are unbelievable compared to interstate (so are land prices). builders seem to be able to charge what they like. same goes for swimming pools.

as Geoff said betterment tax is the killer. My understanding is though that it's only applicable if you strata title the two blocks which allows you to sell them separately down the track. Recommend to talk to ACTPLA

Anything and everything :) but at this time of year, it's a family Xmas tradition to drink Pimms no 1 mixed with lemonade (and/or soda water or ginger ale) with a slice of orange and a couple of mint leaves. Bloody sensational!

To do a 3 townhouse development, the block size in Canberra has to be at least 1500 sq m (besides being in a core area).

Oracle Firstly,in general, in Canberra, dual occs are only allowed in what's called core areas - this generally means they are within 200m of local shops,etc. Secondly I believe the blocks have to be at least 800 sq m to build a dual occ. I think they might be allowed outside core...

My reverse cycle air conditioning is playing up again. Given I am in Canberra, this is not a good thing in winter :( I bought a Dimplex convection heater (model 3088T) as recommended by Choice for $99. Is quite effective and I am thinking of buying another one. Does anyone have a...

Pitt St Your first post in this thread made a lot of sense ie any place you live, is what you make of it during your time there. Given you have lived here, you can bag the place till the cows come home if you want to (and I would most probably agree with a lots of those views :) ) because...

Michael I did register, was I meant to receive an email confirming things? Gazza

Kit If you think Canberra is 'infested with politicians and not much else', I'd suggest you are not going to enjoy your stay here and I would agree with others in this thread, who despite never having lived here, have said to you: don't do it. In terms of your friend wanting to holiday...

Agree Y-Man. My understanding is the 8% is net of fees so it has already paid for itself this year, any more is profit. My concern is the market has been going gangbusters in the last 12 months and this strategy has only managed 8%, how will it perform in a slowdown? I am in another Macquarie...

Peter What's your take on the performance of the Macquarie Equity Enhanced Income Fund (based on your buy/write strategy) that you promoted heavily last year? Has it met your expectations given 14% was quoted as a return and as at end of Arpril the return is just over 8%? Gazza