profiting from liberal larceny and stupidity, page-11

  1. 1,219 Posts.
    My profound apologies to Moondoong
    for making a success of property and
    listed Australian property trusts and
    passing on my experiences so other
    HC members could benefit, if they
    chose to, and crunched numbers
    relating to the magic of inflation:

    Canberra 1974: Our first house in Canberra.
    It cost $4500 for the land and $19,500 for
    a builder to erect a small house on it:


    1985: We sold that house for $80,000
    and (my apologies, the builder was
    Croatian not a lazy Dinkum Aussie)
    and we paid him $112,000 for
    a bigger house as babies had
    begun to arrive: Mum, Bub
    and Peter Tomjanovic:


    2004: We added a Student Extension.
    My apologies. The builder came from
    Vietnam when PM Fraser opened the
    gates to thousands of Boat People.
    The extension cost us $100,000
    plus another $30,000 for carpet
    furniture, air-conditioning, etc...


    The magic of inflation outcome:
    House + Extension: $650,000
    if we chose to sell it today.

    At the same time, we'd been saving like
    lunatics to invest (across the ACT/NSW
    border) in a partly finished Townhouse.
    My apologies, the builder was German
    not a lazybones Dinkum Aussie. And
    also a rental flat in Queanbeyan plus
    we invested in a listed property trust.
    My apologies, the Chairman is a Jew.

    Like it or not, Australia is not White.
    Nor will harsh laws make it White.
    Like the Rainbow Serpent of the
    Aboriginal people Australia has
    people of many colours. We're
    a diverse multicultural nation:

 
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