Managed Funds Navra 4th Qtr distribution

Hi, HTL,

Could it possibly be this one......?

Couture by MFS Diversified Group - A Designer Urban Community

Just a guess, though.

Jayar

 

Hmmm... could be.

I purchased IP in North Park 18mths ago from them. So far IP has 5% CG.

Quality of build would not be something I would necessarily rave about. Tenants however seem very happy.

 

Yes - it's a new estate but in the old sub (Banyo).
Try Brisbane Queensland Australia - suburbs - maps - accommodation - events - street and business directory - restaurants - ourbrisbane.com
They sold 70% houses available for sale at that time in one day (one day delay cost me extra $ 7K )

 

Yes through NFS Here_To_Learn

Well done Tropo

Yes, Couture is the developement. I was trying for stage two, not yet started. Evidently 6 NFS clients have missed out, one had his name down before xmas. Way over subscribed I believe.

 

Gad,

In case of stage two, you can still put your name on the list....
I would do it...
Seems to me that my TIMING was not that bad after all...

 

Well, I never thought I'd see the day when Banyo was a sought after location. I grew up a few suburbs away and used to catch a train to school that went past Banyo - just a daggy suburb, lots of heavy industy, and not much else. I guess when the uni moved in a few years ago it lifted the profile of the area. I assume the Golden Circle Cannery is no longer there. Still a bit too close to the mosquito infested mangroves of Nudgee for my liking.

I'll have to do a drive by next time I'm back in Brissie. What sort of prices are the properties in Couture (what a poncy name) selling for?

John.

 

I did have my name down for stage 2 Tropo, so did the guy who looked at it before xmas. Obviously, so did a lot of others

 

I am not going to move in, so mosquito is not my problem.
Banyo as "daggy" suburb is about to change with time. Industry may disappear one day.
Price range $390K - $415K (+-) per house, on the average 550 m sq block (1-st stage).
Second stage may cost approx. $20K+ more

 

G'day johnnyb

Read the comments of urban_cowboy on Banyo on page 4 of this SS thread. It was in reply to a question I asked him about Banyo awhile back.

Strong Growth in Brisbane - Page 4 - Somersoft Property Investment Forums

Urban_cowboy is a real estate agent from around those parts.

 

Good to hear there is some action taking place in Brisbane !

Sounds like I need to contact NFS to see what other oppurtunities are out there in the $390K - $410K mark.

Thanks for sharing info guys !

 

So do we know what has 'happened this month' yet? Are we still looking at the 5-7% range?

I also have a small investment in the US Fund but to date have largely ignored (and re-invested) the small distributions received from this fund, preferring to invest in the Australian Fund instead. Due to the poor returns from the US Fund I had no plans of investing any more money in it, that is, until listening to Steve's interesting explanation in the audio section!

Now that he has changed the system in order to minimize the negative effects of currency exchange, is anyone expecting the US Fund to significantly outperform the Australian Fund, and if so are you moving cash from one fund to the other? I note that Steve is now advising clients to invest all excess distributions from the Australian Fund into the US Fund.

 

BankSA only do the retail and wholesale australian funds currently and the retail now has a * so only a limited opertunity left to get in on that lender and they arn't touching the US fund for now.

 

Has Steve hinted at what range of returns the US fund should give now?

 

This volatitility of late (last few Months) should've helped Navra Funds shouldn't it?

Be interesting to see the results

 

Which other institutions do margin lend for the USA fund?

Thanks,
artgul

 

Quote from my Navra FA:
In the dying minutes of the financial year indications are that the Navra Australian funds could be making a final distribution in excess of 7 cents per unit (approx 6%).
End Quote

As for the American fund, after listening to Steve promote it early last year I put $50k into it early in April 06 & another $50k into it in early Jun 06. All distributions have been reinvested & on the 28/06/07 it is worth $103175.07.
Which doesn't cover the interest I have paid over that period (or actually, haven't yet paid, it's margin loan & interest is being capitalised).
I've given it a full year & a bit, I'm bailing out within the next week or two.

 

I'm not sure but I would be very interested to know what sort of returns he is expecting for the US Fund over the next 12 months. I've previously heard him give a figure of 10% p.a. as the minimum target for the Australian Fund but I don't know if he's ever hinted about the US returns.

Is anyone here margined into the US Fund?

 

Good stuff!

Don't blame you gad but I wonder if it might be about to turn around as Steve has suggested in the audio?

 

I suspect the the only way that it is going to turn around is if the USD stops going down against the AUSD.

When is that likely to happens? When it does happen than it will not only 'turn around' but will also offer arbotrage oppurtunities. That was the original reason I was interested in the US fund.

Cheers

 

I've listened to Steve's audio where he says something about how he has changed how they deal with the FX issues for the US fund. He implies that it is no longer an issue, but I couldn't see how it would help. Can someone explain to me what Steve is trying to say in the audio?

John.