World comes calling to Chadstone Shopping Centre (Post 2 of 3)

Posted to Waveley Leader (28/2/2012) on 28/2/2012 at 12:18 PM
Commenting on "YOUR SAY: World comes calling to Chadstone Shopping Centre"
http://waverley-leader.whereilive.com.au/news/story/your-say-world-comes-calling-chadstone-shopping-centre/

The reasons why overseas investors particularly China are keen for project of this nature is more than just investing in the complex. One has been mentioned previously in regards to failed projects when shopping complexes enable to attract tenancy. Another reason is likely involves an hidden agenda of “investment migration”.

Most of stalls in many complexes these days are owned or operated mainly by Chinese nationals who come in as investment migrants, and they need to run a business as a condition for visa application. However, when permanent residency status is granted, which entitles them to apply for Australian passports, the business is sold to another “investment migrant”. Whether the business is making a profit is a non-issue, because another investment migrant will pay for the business. This is the cheapest way to get the Australian citizenship.

FEDERAL BUDGET: Seniors miss out

Posted to Waverley Leader (11/5/2011) on 15/5/2011 at 8:55 PM
Commenting on “FEDERAL BUDGET: Seniors miss out”
http://waverley-leader.whereilive.com.au/news/comments/federal-budget-seniors-miss-out/

Adrian Jackson, not everyone has the opportunity to earn a good income. Many families still face the hands-to-mouth situations now. True, there are dole bludgers, gamblers, and people "breeding" many children as you crudely put it, but then these are not the majority. Have you been divorced? Many couples are forced to sell their houses during the split up, because neither has enough to buy out the other half.

If you think owning a rental property is plain sailing, you can be very wrong. If one does not have additional income high enough to justify negative gearing, they are just asking for trouble. Rental property return is not as good as many expect, and for seniors, they are not in a position to wait for capital growth.

Service apartments are a better option for income flow then owning an apartment which costs an arm and a leg for many fees and charges. During tough time, don't expect 100% occupancy rate for the rental property or equivalent to 12-month rental income each year; sometimes the bond money is not sufficient to cover damage to the property and unpaid rent.