Join Australia's most dynamic and respected property investment community

Any Broker still takes Taxi Plates as Security?

Discussion in 'Property Finance' started by Darlinghurst Boy, 10th Aug, 2015.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    I know some Banks , actually only one , the Arab Bank that takes Taxi Plates as Security even though they dropped it down to 60% of the plate value.
    Commbank and other major Banks have stopped.

    A Sydney Taxi plate is currently worth 310 to 330k
    A NSW Central Coast Taxi plate is worth 520k-550k
    Cairns Taxi plate 700k
     
  2. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    152
    Location:
    canberra
    haven't they heard of Uber yet?
     
  3. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    152
    Location:
    canberra
    More than one million Australians are now using Uber — the popular ride-sharing app that is on track to become one of the country’s biggest employers, with more than 20,000 drivers by the year’s end — ahead of household names such as Macquarie Bank, Lend Lease and Flight Centre.

    http://www.theaustralian.com.au/bus...-the-growth-lane/story-e6frg8zx-1227476570179

    The way Uber is growing in Australia, soon it would be difficult for politicians (on taxi Industry payroll) to continue to oppose it.
     
  4. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    152
    Location:
    canberra
    If Governments want to be relevant they should open the taxi/ride-sharing permits to any one who want at a minimal fee and a on going yearly charge something like land tax.
     
  5. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
  6. jpcashflow

    jpcashflow Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    371
    Location:
    Melbourne
    Broker plates are going to worth nothing soon... dying industry!!!!