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Thought some of you might find this chart interesting/relevant to this discussion: http://www.abs.gov.au/websitedbs/d3310114.nsf/home/Population%20Pyramid%20-%20Australia

This scenario nicely epitomises what work is like in just about every service industry. My company does HR consulting work, and it's pretty much the same deal.

I'm going to wait and see if commodities rebound in the very near-term like he predicts. It seems so far out that if they do rebound significantly, I'll have to be convinced!

I'm reading this book too, and although I'm only up to Chapter 3, so far I've found his arguments to be very convincing. I'd love to read more about the analogous Australian statistics though as the book is very focused on the US. It makes intuitive sense to me though that the economy is...

Yeah - I think they are one and the same. That said, the 'resident' manager certainly isn't a resident of the complex. Hmmm - you are probably right. It's probably 4k spread over a larger number of invoices. I might pay the managing company a visit and ask to see these invoices. The third...

Thanks, jaycee. This makes a lot of sense. You've all inspired me to dig up my budget! The managing agent's fees are approx 11k These guys give us a standard form listing their tasks and responsibilities. The content of the form resembles what's listed here...

Thanks for your reply - I think I see what you mean, I'll see if I can add some more useful info: From the minutes of the very first meeting, when the contract was signed, it looks like our contract started at about $9k with 5% increases each year (one year had a 13% increase - unfortunately I...

I wish it were that simple - unfortunately, on day one the developers of the complex signed a 5-year contract with the BC managers. The BC managers then went and locked the BC into 5-year contracts with various service providers. This all happened before I bought into the complex. I've since...

Sorry if I wasn't clear. I understand that the BC itself is non-profit; I am talking about the service providers (i.e. the company that manages the BC, the caretakers, and fire equipment maintenance company), one of which are non-profit. e.g. our BC pays a third party company to do the...

Hi all, I've just joined up - heaps of handy info on this site! I currently own and live in a unit in a 27-unit complex and I was looking over my Body Corporate budget and I am suspicious that I am getting ripped off. I was wondering if any of you experienced property investors out there...