Brian Ritchie in Possum Bay Tasmania

Randomly came across this video about Brian Ritchie living in Tasmania this afternoon while browsing - https://vimeo.com/31006327

Very cool to watch considering going to see Violent Femmes next Friday night.

Its part of the Sandcastles video series - http://www.sandcastlestv.com/season/02/episode/08

Lego "Flybrix" Drones

lol i dont have kids and i'm thinking should go out and get some kids just so can get away with buying this.
:)





https://techcrunch.com/2016/09/22/kids-can-build-a-lego-drone-with-flybrix-kits


A company called Flybrix is putting legos on the wing. The San Francisco startup today began selling build-a-drone kits for kids age 14 and up comprised of: LEGO bricks, boom arms and motors that don’t require soldering, and other off the shelf and Flybrix-designed parts.

Once assembled, Flybrix drones are lightweight and meant to be flown indoors. They can be operated with a Bluetooth flight control app for iOS or Android smartphones, or a manual flight controller purchased from the company. Flybrix drones are also, notably, “crash-friendly,” meaning they can be re-assembled time and again as kids experiment with their designs, and learn how to pilot them.

Friday Music - XTC

Awesome mix, dont know who put together this list, but been a fun listen most of the afternoon.

https://www.youtube.com/watch?v=mfsYSPCNWCw&index=1&list=RDmfsYSPCNWCw

Heart - Heart

Realised i had a hole in my cd collection last week

- http://amzn.to/2dhD7qV

Just arrived in the mail and blasting out Track 1.......how have i lived this long without a copy on my media server.

#SorryNeighbours

Syrian peace deal

Moscow denies Russian or Syrian planes struck aid trucks
- https://www.facebook.com/LivePoliticalChat/posts/1207361552668290


Its a sad day when we can no longer trust either govt....

How did we get here

Tesla liability?

Tesla must rebrand AutoPilot as 'advanced cruise control' because to call it anything else is bullshit.
- https://www.techinasia.com/tesla-blame-death-chinese-driver

Friday Music - Deep Dark Robot

If you are old enough to remember "Morphine and Chocolate" and "Whats UP" then you probably know who Linda Perry is.

Got 40 minutes to spare? check out (but try and watch it all contiguously)
"Deep Dark Robot - 8 Songs About A Girl"

1 Gbps internet in New Zealand

Yep remember when Malcolm Turnbull told you that the govt wanted to spend too much on internet and who needed that kind of level of service.......yeh turns out NZ does.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11709487

ATO and 6 year absence rule for PPOR capital gains tax

Excellent article explaining in the ATO and 6 year absence rule for PPOR and capital gains tax.

Well worth a read.


http://www.yourinvestmentpropertymag.com.au/tax-strategy/beware-the-pitfalls-of-the-principle-place-of-residence-exemption-and-the-6year-absence-rule-222559.aspx

17/22 Ness Avenue, Dulwich Hill

I just watched the auction video for 17/22 Ness Avenue, Dulwich Hill
https://www.facebook.com/randwmarrickville/videos/941605099273559

We were thinking of bidding on it but didn't end up getting sorted in time.

I was prepared to pay up to $649,000, Jodie wanted to spend $675,000 (but I wouldn’t have let her do that) as 4% gross and 3% net roi is our minimum returns as you can see in the calculations below.

http://www.domain.com.au/17-22-ness-avenue-dulwich-hill-nsw-2203-2012999245  
 

Lol people are losing their minds……. at $726,000 way way overpaid. Basically overpaid by a brand new car (or two)....think about that for a moment.

I did some quick sums basically @$500pw rent with 20% deposit of $145,00 and $34,000 stamp duty and legal costs this will be cashflow negative for about 6.5 years……and that’s without interest rates moving so basically they will be losing roi month in month out for about 10 years and never see an investment return until they sell it.

I hope they like golf......

Great work by the sales team though, the vendor must be ecstatic.   :)