LPG

It isn't locked on price , just difficult ,

 

....and while those of us who live within our means, own small houses
and drive older vehicles are inclined to say "**** 'em!" when their
financial houses of cards collapse, inevitably they're the type to
raise enough of a cacophany about their "rights" to get a
taxpayer-funded handout.


BTH
(Oh, and Nev: Yes, I'm still grumpy about the $2000 LPG handout!)

 

It is very easy for an investment property to fall by 20% in value as many
people are sold into these properties by pushy salesmen on inflated
commissions. The commission structure can be around $30,000 on a $350,000
property. These sales are supported by inflated valuations by dodgy valuers
and when the shit his the fan and a real valuation is undertaken that
$350,000 bargain turns into a $275,000 mortgagee in possession sale. Add in
commissions and fees and you end up still owing $100,000 on the deal after 3
years ownership. They then sell up your principle place of residence to make
up the difference.

Boxer

 

Er, hang on. Are you assuming (I would loath to assume that you would
confuse Alb/Wod to be one city) that I currently live in either one of the
two "twin" cities? Whilst I live in the "statistical area" that is where it
ends.

Hammo

 

I think you are being very conservative there John!
Most of your figures could easily be multiplied by 2.

 

In aus.motorcycles on Mon, 28 Aug 2006 14:11:51 +1000

I think people *were* overstretched, they were relying on capital
gains to allow them to sell an investment property or to leverage
equity.

Plus how many loans were given in the last 5 years that wouldn't have
been given 15 years ago?

Also, people who buy at the top of the market are paying much more
than those who didn't for the same property, meaning they had to
borrow more. Those who borrow at or close to the limite may find they
can no longer pay the mortgage they took out and also can't sell the
house for what they paid for it.

Zebee

 

Data collected acting as an expert witness in a number of litigation
matters.

Boxer

 

You snipped the bit I was replying to. I still don't see the
relationship between increasing property prices and mortgagee auctions.
So what is the point?

Nev..
'04 CBR1100XX

 

That roadcraft is best learned within the relative safety of a ton or
more metal protection.

So, you were about to explain how the government is making it less
attractive to get a bike license before a car license?

On another note I see that that Vicroads has unveiled the new graduated
licensing program which will apply from 2007. It requires 120 hours of
supervised practice for learner drivers before they can sit their
license test. This will apparently also apply to motorcyclists. Looks
like they're trying to make getting a license a rich-kid privilege.

Nev..
'04 CBR1100XX

 

But roadcraft has to WANT to be learned - and nothing makes you want it
more than HAVING to because any mistake is probably going to be fatal
(as opposed to only costing money for panel beating).

In other words, I beg to differ: I think a motorcyclist has a better
probability of learning roadcraft, than a driver.

Another POV would be that they are trying to make it so that you don't
get a licence from a cornflakes packet; that by the time you get your
licence you are actually competent enough to be on the roads.

---
Cheers

PeterC [aka MildThing]
Most scientific discoveries are heralded by a tentative "Hmmm. That's funny..." instead of a jubilant "Eureka!"

'81 Yamaha Virago (XV) 750H (work in progress)
'01 Yamaha FJR1300

www.dmcsc.org.au
http://eladesom.com.au/ulysses/
# 37181

 

More difficult for a rider in WA or Qld where you can't go out alone with
yout L plates.

Theo

 

OK then, either of the twin cities would be the second largest city in WA.

Statistics, statistics, bullshit and lies. Please to define distance from
nearest of the twin cities, distance to nearest neighbour, and number of
people living within 1 km of your dwelling.

Theo
Always thought of you as a hillbilly type. Are you with the McCoys or the
Hatfields?

 

One mortgage lender is advertising they will loan you the cost of the
property plus 5% to cover moving in costs. What equity?

Mate of mine two doors down sold his house for $395K last May and moved to
Tassie. It is on the market again, for $625K.

Theo

 

Boxer wrote:
....snip

Speaking of which, Boxer given this is your game, any chance you could
email me a recommendation or two for a property valuer in Sydney who is
reputable/ reliable please ? Upper north shore if that matters.

Thanks.

JL
jlittler-rubbish at strategicrevolutions dot com
please take out the obvious spambot trap

 

Well he IS a member of the Liberal party <grin>

JL

 

Well if you would actually make a point we'd know if your comment was
on the mark.

For many purposes the Blue Mountains is part of Sydney, so is Gosford,
so is Campbelltown. For other purposes it isn't, depends on what you're
considering.

JL
(public transport being one of the things that it is considered in the
greater metro planning)

 

I believe it's because of an ATO ruling - I did a bit of chasing on
this a few years back

JL

 

Sorry John I don't have any contacts in that area, Ring the Australian
Property Institute

http://www.nsw.api.org.au/c/apinsw?a=fp&did=2000000&expand=2000000


Boxer

 

120 hrs SUPERVISED driving/riding. That would have taken me 10 years to
achieve when I was getting my licenses. I didn't know anyone with a
motorcycle license who could ride with me, and had no access to a car to
learn in.

Nev..
'04 CBR1100XX

 

Yes, from a congestion perspective the more cars on the road the greater
the chance of having a collision with one. Do you need any further
explanation?

I don't think I actually know anyone who got a motorcycle license
because they were able to ride legally 3 months before they could get a
car license. Given that motorcycles are no longer the cheap alternative
to cars that they were say 60 years ago, I'd be quite surprised if that
change had much effect on the number of people applying for licenses.

People under the age of 21 years, applying for a probationary licence
- Must hold a learner permit for a minimum of 12 months
- Must obtain a minimum of 120 hours on-road supervised learner driving
experience;
- Must go on to a minimum one year P1 licence, followed by a minimum
three year P2 licence.

MOTORCYCLES

How will motorcycle riders be treated under the new system?

All relevant probationary and age-based provisions will also apply to
motorcycle riders, except for learner, towing, and high powered vehicle
restrictions that are already dealt with separately for motorcycle riders.

How will the 120 hour requirement be enforced?

There will be a system to check that learner drivers get the required
amount of experience:

- Learners will have to keep a record of their driving experience in an
official Practice Diary and will have to get their supervising driver or
instructor to sign each entry.
- Learners and their supervising drivers will have to present a special
Statutory Declaration or a “Declaration of Completion” along with an
official practice diary before attempting the licence test.
- Practice diaries will be checked

Nev..
'04 CBR1100XX