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Non Footy Chat Thread II

Avenger

Immortal
Messages
34,145
Firstly, let's see what it sells for.
Secondly, even though he's a celeb it's really none of our business.
Thirdly, good luck to him. He's 28, and making smart investment decisions. I admire that.
Not that there is anything wrong with that. :blush:
 

emjaycee

Coach
Messages
13,870
You gotta know when to hold 'em and know when to fold 'em.
The article i read yesterday states that the guy that owns the semi also owns (or his family does) the next 2 places in the street as well.

All he did by holding out on the semi was increase the future return of the 3 that they jointly own.

A no brainer really.
 

Gronk

Moderator
Staff member
Messages
77,765
The article i read yesterday states that the guy that owns the semi also owns (or his family does) the next 2 places in the street as well.

All he did by holding out on the semi was increase the future return of the 3 that they jointly own.

A no brainer really.
If he owns 3 adjoining parcels I agree.
 

emjaycee

Coach
Messages
13,870
If he owns 3 adjoining parcels I agree.

@Gronk Here is the article I read.

Clear the owner of number 6 (the semi) is just waiting for the right price.

Five-storey tower springs up next to adjoining semi in Lewisham
Oct 24, 2016Jennifer Duke
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It looks like a home owner’s worst nightmare.

A five-storey apartment block has erupted on a small street in Sydney’s inner west, so close to the neighbouring property that the two buildings are actually touching. What’s worse is the home next door is a semi.

In a city squeezed for space it’s one of the more apparent examples of what happens when one neighbour goes it alone and sells to a developer.

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The family next door have owned the home since the 1990s. Photo: Michele Mossop

Not surprisingly, the owner of the adjoining, single-level brick home in Lewisham, Vincenzo Scaturro, was less than impressed by his neighbour’s plans.

“[We] weren’t happy with it,” said Mr Scaturro, who along with his family had enjoyed living in 6 William Street since the 1990s.

“But you can’t stop progress and you can’t stop people from doing what they want to.”


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The family next door are also now looking to sell to a developer.

Earlier this year, the neighbouring house at No.8 was bought by GL Developments Group Pty Ltd for $1.61 million. It came with a Development Application already approved to demolish the home and build seven apartments in its place.

Since then, the new owners have set about doing just that with the apartments now in the final stages of construction.

The application for the development was put to council in 2014 by former owners Lewisham Estates Pty Ltd but that application was refused. A successful appeal in 2015 saw the Land and Environment Court approve the DA.

Inner West Council has been approached for comment.

Council documents show the new apartment block was always going to be touching the neighbouring house.

Ray White Commercial NSW senior sales executive Nic George sold 8 William Street earlier this year. He describes the block as “boutique”.

“It’s seven units so a boutique-living style, which is a point of difference compared to Meriton across the road,” he said.

But it’s not the only part of this lucrative pocket of Lewisham that has taken the fancy of developers and now the street’s other residents are looking to make a deal of their own.

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Those at the other end of the T-junction from William Street – six homes from 60 to 70 Old Canterbury Road – are about to hit the market to be offered up for redevelopment, Mr George said.

But those on Old Canterbury Road are zoned B4, which requires a mix of commercial and residential properties. The homes on William Street are zoned R4 – a high-density zoning, which is often more lucrative for developers.

This means there’s a good prospect for redeveloping 2, 4 and 6 William Street, the last remaining homes on that stretch. These three properties are all owned by members of the Scaturro family.

Mr Scaturro said they were open to the idea of selling to a developer.

“If we get the right kind of figures,” he said.
 

Incorrect

Coach
Messages
12,826
^^ If the council need answers as to how and why the development went ahead, they'll no doubt be able to find the person responsible in the penthouse apartment at same block of units having purchased it from the developer at a substantially discounted price!!
 

Gary Gutful

Post Whore
Messages
53,095
Otherwise known as the 'Bartman approach'...

http://www.news.com.au/finance/busi...s/news-story/86d3039995f6a558e63c4d5840843837

Woolworths introduces new range of ‘phantom brand’ private label products

OCTOBER 26, 20164:50PM

Woolworths kills off Homebrand
external

origin:video_integrator.41bXRlMjE6a78E19lXRTj_wlNDVpgj7j

benedict-brook.png

Benedict Brook

SUPERMARKET shopping just got a whole lot more confusing.

In the past, at the major retailers, you had a clear choice between big name branded products like Kellogg’s, Arnott’s and Coke, and the store’s own private label products, like Homebrand and Smart Buy, clearly labelled with the supermarket name.

But in the past three months Woolworths has introduced a new range of private label products with one big difference — gone is the Woolies branding.

On the shelves instead are names like Smitten and Apollo pet food, Chevron batteries and Little Ones nappies — a strategy similar to the one used by Aldi in their fight to grab customers from Coles and Woolworths.

Woolworths says the new range was developed following insights from customers and delivered “quality and value”. Some customers, they said, preferred not to have the retailer brand on the products they bought.

But marketing experts have warned the change from traditional home brand labelling could risk upsetting customers if they feel “tricked” into buying home brand.

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Woolworths new private label phantom brands including Smitten and Apollo pet food, Herbal Sensations shampoo and Chevron batteriesSource:Supplied

Retail expert Gary Mortimer from the Queensland University of Technology said he noticed Woolworths has changed tactics in the supermarket wars when he spied a new brand on the shelf last month.

“I came across a pack of grated cheese with the ‘Hillview’ brand and saw it was very sharply (well) priced,” he told news.com.au. “And then I looked closer and realised it was from Woolworths.”

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The retailer is trying new some new tactics in the bruising supermarket war. Picture: AFP/Peter

As well as Hillview cheese, the list includes Baxters pet food, Softly fabric softener, and Olsent light globes.
 

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