Tag Archives: developers

MARKET UPDATE – 06 SEPTEMBER 2013

Sat a while today going through the newspapers. Still a lot of Mortgagee In Possession Sales, Receiver Sales and property for sale that I KNOW are in the hands of the Banks but the Agent has been told NOT to advertise it as such!  Mmmm – trying to hide something are we?  Yes you are!

I’m not going to rabbit on today except to say – look at the next photo, taken from a major newspaper today.  Says it all doesn’t it?

OUCH

OUCH

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MARKET UPDATE – STATISTICS – 04 APRIL 2013

The RP Data-Rismark Home Value Index shows that capital city house prices rose on average by 2.8 per cent in the March quarter, or so it says through various sources via Google Newsfeed.

Even “ABC News Online” is being sucked in to publish these irrelevant and irrational figures that state (seemingly categorically for the average reader) that house prices are, on the whole, rising.  Continue reading

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ACE #1

ACE (Aspect, Contour and Elevation)…amongst other things!

This post will be broken into 2, 3 or more parts and is a rambling recollection of issues I’ve encountered over the years.

Many of the points I’ll raise are still the cause of much grief as people fail to ask, heed or properly interpret professional advice and rely far too much on advertising, promotional blurb and spin.

Talk to your future neighbours.  Don’t be shy. They know what’s going on.

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A SCAM THAT CONTINUES

Many years ago I lost $250,000.  I’m not stupid, merely as trusting of professionals as most lay people. My life savings were stolen by a group of Company Directors, Accountants, Solicitors, Valuers, Financial Advisers, so-called Consultants and Real Estate Agents, working together in such a way as to totally confuse and bewilder even the most experienced investor or business person.  Since then more Accountants, calling themselves Receivers this time, more Solicitors and more Advisers and Consultants have taken whatever was left after properties were sold and proceeds distributed.  Fellow investors and I advanced $2 million on a land valuation of $3 million supplied by a well-known firm. When the scheme collapsed, the land sold for just $220,000.00! The Receiver’s costs were $270,000!  One fellow investor died from the stress of it all.

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