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Thank you Jan, Ian and all the wonderful posters and fans of the forum for your invaluable contributions. I wish everyone the best in their future endeavors. This forum will be duly missed. The amount of help and feedback here has been incredible.

http://house.ksou.cn/p.php?q=Glen+Waverley&sta=vic&id=1863362&address=50+Montclair+Avenue%2C+Glen+Waverley - Commercial 1 Zoned, with North facing profile - Opportunity for 6-10 level development with potential for a mix of Commercial and Residential use (STCA) Hence the $5.5M price.

This is not surprising. A while ago, my solicitor told me of a development in Hurstville as well where the developer either wilfully or unknowingly made unauthorised amendments to the DA plans despite it being knocked back before by the council. I suspect the developer knew there was no chance...

Your Money or Your Life - Joe Dominguez and Vicki Robin

I agree. There's a difference between adopting a "materially wealthy" lifestyle and being wealthy in terms of net assets/worth. There's one thing the book,"The Millionaire Next Door" taught me is that wealthy (high net worth) folks very rarely exhibit the spending habits that we see on TV. In...