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It looks like Baillieu's government in Victoria will be doing a Julia soon and trying to hang on to power by its own batshiite-crazy-MP-gone-wild majority of one. The member for Frankston, one Geoff Shaw, appears to have abused parliamentary car privileges virtually from the moment of...

This seems to be the NSW Railcorp employee mentality for you. A station manager who called in sick repeatedly to go and play poker tournaments thought he could get reinstate by the Appeals Board, on the grounds that - Read more...

Is anyone else experiencing some dubious side effects of our ridiculously high Aussie dollar?

With the Labor government (thanks to Slipper, Thomson and Gillard herself) now almost surely to fall sooner rather than later, how do property investors need to review their game plan? Rational investors, one would expect, hope for the lowest possible interest rates at all times, most...

For anybody who missed this brilliant comedy series the first time round, do not miss Green Wing commencing on ABC2 Tuesday 9.30pm. The funniest show made since Faulty Towers, IMHO.

A very interesting article indeed by Larry Schlesinger posted on the Property Observer site reports the view of Tony Crabb of Savilles that we have brough much of the current slowdown on ourselves by recent cuts to immigration numbers - I find this argument highly plausible (although I'll...

I've been wondering. What should we call a grouping of lawyers? We already have for example - A flock of sheep. A gaggle of geese. Even, a murder of crows. What would you people choose for lawyers? Nominations are now open . . . .

Let’s call it an imaginary scenario – You find out that a trusted long-term employee has been using a factory mobile phone meant for daytime work use only to make personal calls, mostly after hours, adding up to about $250 per month for the last 6 months. It slipped under the radar because...

So we just settled on a new property last week with an existing tenant in place, and part of the settlement agreement was the replacement of the unserviceable cooktop and stove in the property by the vendor. I just got a message from the R/E today saying the tenants are asking for the...

Here's a site that's recently been created to link readers to a selection of the best essays ever - http://byliner.com/ It's got a bit of an American bias perhaps, but it's wonderful.

Am I the only one who thinks that we've gone stark raving bonkers about preserving any old buildings no matter how poor their architectural merits?

Just wanting to have a bit of an indulgent gloat . . . . Have been recently going hard for another high-yeilding zinger (with a comparatively SFA cash deposit of $35K in hand and a brief lend of $30K from a dear accomplice), and at the very last minute LMI was denied a week ago, seemingly...

According to ANZ's Phil Chronican, property investing in Australia is essentially speculation encouraged by the policy of permitting negative gearing - This is supported by today's editorial in the SMH that goes on to say - Would you remain invested in property without the availability...

I’ve been musing of late, and just thought to throw this out there for comment. Um? You know how the RBA uses interest rates to warm up and cool down the economy right, by making money less and more expensive as they see needful? And you know how with this mining boom thingy, the RBA is...

Sorry, should be in coffee lounge.

Hi All, Can anyone recommend a good landlord's insurer for an investment property in South Hedland? Most of the big insurers aren't interested, so any help would be appreciated. Thanks in adavnce!

Witch bank advised me today they want us to pay a break fee of $ 15,000 to let me out of a $586,000 5yr loan fixed at 7.15% until May 2012. I asked, how do you work that out? The answer was that the current fixed rate for a similar loan is 8.1% and that is what they work off. I said...

Can anyone offer any guidance on this one? I have a LOC over my PPOR and use the funds from it are used exclusively for investing purposes. I have asked the bank to performa valuation inspection with a view to increasing the LOC limit. My question is, is the cost of the valuation...

Is there a limit on the amount of money one is allowed to invest in renovating your PPOR before it loses its CGT exemption? I think I read it somewhere a few months ago but am at a loss to recall where, but an amount like $170K comes to mind. I want to very substantially my PPOR in a...

Greetings all Somersoft Forumites, My first post - I've been lurking for a few months, but hope to contribute usefully with what little I've learned from here on. I have a situation that I would like to ask your input on, if anyone call offer guidance. My wife and I are partners in an...