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  #21  
Old 03-05-2010, 09:51 PM
Nesti (Mark)
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Originally Posted by renormalised View Post
The Chinese will end up owning everything if they keep buying stuff up...all thanks to KRudd.

Nar-mate, the Chinese have been saving while we (most of western culture) have been spending and borrowing...Rudd has little if anything to do with it, that's because we've been at it for nearly 60 years!

If you don't believe me, stand outside any Chinese, Vietnamese etc business and see how many hours they work for their money.

Actually, I wish Keating was available for the next 8 years.
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  #22  
Old 03-05-2010, 09:53 PM
Nesti (Mark)
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If I'm lucky enough, one day I will
Change your nationality to Chinese...they're cashed-up!!

Good Fortune for you Mr Carl!
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  #23  
Old 03-05-2010, 09:59 PM
Nesti (Mark)
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Originally Posted by astroron View Post
Hi Mark, Next time I am in WA I will come and so some observing from your New Observatory site
That would be my pleasure Ron.

We'll see how things progress.
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  #24  
Old 03-05-2010, 10:02 PM
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renormalised (Carl)
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Quote:
Originally Posted by Nesti View Post
Nar-mate, the Chinese have been saving while we (most of western culture) have been spending and borrowing...Rudd has little if anything to do with it, that's because we've been at it for nearly 60 years!

If you don't believe me, stand outside any Chinese, Vietnamese etc business and see how many hours they work for their money.

Actually, I wish Keating was available for the next 8 years.
Don't worry...I know how hard they work, and they're as tight as!!!!

Keating....no thanks!!!
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  #25  
Old 03-05-2010, 10:04 PM
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renormalised (Carl)
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Change your nationality to Chinese...they're cashed-up!!

Good Fortune for you Mr Carl!
Confusion say (no, I meant Confusion...), person with little or no money pretty hard up!!!

Confusion say...buy lotto ticket!!!
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  #26  
Old 03-05-2010, 10:06 PM
Nesti (Mark)
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Originally Posted by Jen View Post
yeah keep dreaming buddy


Enjoy you new lovely site Mark Trevors idea sounds good to me

Cheers Jen.
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  #27  
Old 03-05-2010, 11:22 PM
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multiweb (Marc)
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Hey Mark, I was checking the place on Google map. With the current rate of growth of Perth don't you think that witin 2-3years your block might be in the middle of suburbia again and affected by LP. Unless I missunderstood and you're not getting the place for astronomy or build an obs. It's very close to Perth outskirt, that's all.
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  #28  
Old 04-05-2010, 12:02 AM
Nesti (Mark)
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Originally Posted by multiweb View Post
Hey Mark, I was checking the place on Google map. With the current rate of growth of Perth don't you think that within 2-3years your block might be in the middle of suburbia again and affected by LP. Unless I missunderstood and you're not getting the place for astronomy or build an obs. It's very close to Perth outskirt, that's all.

Hi Marc, sorry, the block has a house on it; it's where I'll live.

Perth is indeed growing, but it's not doubling overnight. The block is on the eastern side of an escarpment, Perth is on the other side, to the west, and on the flat land across to the coast. There are quite a few houses in the area already, and the town is only 3km up the road, but it's a bit hilly for the suburban sprawl.

Also, there's a reason I wanted some land. I think the days of sub-dividing is coming to an end. Many places doing that just aren't getting the profit returns expected. The numbers of sub-divided blocks as so high these days and larger in-tact blocks are now getting rarer...supply and demand now swings toward the in-tact blocks and forces their prices up. So sub-divided blocks are becoming undesirable (over-supply) and in-tact blocks very desirable (rarity).

An example of this is in Subiaco, and a small section called Subi-Centro. Blocks were sub-divided several times; effectively leaching the land value and that's where the money was made. It's kind of an up-market high density Ghetto (hard to picture I know). But, there is little opportunity to make money there now, as it has already been made.

The block in the hills is 17 acres and council approved for sub-division...I believe that sitting on an approved sub-dividable block, and doing nothing about it, is where the property market is, not heading. So as Perth expands you're effectively sitting on a block which has retained it's value in two ways; it hasn't been leached of value through sub-division and it is rarer. Mix in with the notion that property in Perth's hills is undervalued by 30-40%, makes for a good investment.

Make sense?

In regards to obs, well it's got to be better than what I'm currently using; a second story balcony with lights from Subiaco oval, Leederville oval, the CBD buildings and the whole of Perth surrounding me.
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  #29  
Old 04-05-2010, 06:00 PM
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mithrandir (Andrew)
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Originally Posted by Nesti View Post
The block in the hills is 17 acres and council approved for sub-division...I believe that sitting on an approved sub-dividable block, and doing nothing about it, is where the property market is, not heading. So as Perth expands you're effectively sitting on a block which has retained it's value in two ways; it hasn't been leached of value through sub-division and it is rarer. Mix in with the notion that property in Perth's hills is undervalued by 30-40%, makes for a good investment.
Our dearly beloved government is allowing councils to rate properties approved for subdivision as if they had been subdivided. So your 17 acres would be considered to be about 60 * 1/4 acre house blocks. At the about $1K/pa rates we pay for our 1200m2 that would not be amusing.
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  #30  
Old 04-05-2010, 06:27 PM
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renormalised (Carl)
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At the about $1K/pa rates we pay for our 1200m2
You should count yourself lucky....we pay $1400/half year for 50% less area, and that's actually about the average in town. Most of the new areas in town, are postage stamps in size (450-650m^2) and they pay even more than we do!!!.
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  #31  
Old 04-05-2010, 07:52 PM
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mithrandir (Andrew)
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You should count yourself lucky....we pay $1400/half year for 50% less area, and that's actually about the average in town. Most of the new areas in town, are postage stamps in size (450-650m^2) and they pay even more than we do!!!.
What are you getting for that? It would not matter much if the land was 480m2 which is about as small as it gets here. We'd still pay almost a much. My figure is only for the land and might be low as SWMBO usually pays it.

There are other rates like water on top of that which she usually pays. I get the mortgage, electricity, internet, landline and both mobile phones. We each pay our own car bills and split any other large bills.
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