I've figured out a new strategy.

Discussion in 'Investment Strategy' started by Beelzebub, 24th Oct, 2016.

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  1. Beelzebub

    Beelzebub Well-Known Member

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    It seems that the people who demolished the pub in Carlton have just had their land revalued at $8-10 million. I believe they purchased the pub for $4 million.

    So, it seems I have stumbled across a very lucrative new property strategy. Purchase culturally significant heritage property in high demand areas and destroy it. Pay the $200,000 fine and on sell.

    If you're really clever, you could just burn the places down and avoid the fine entirely - maybe even score some insurance money.

    Seriously though, I really do think they need jail terms for these types of serious breaches.

    Developer's illegal pub demolition job doubles their Carlton site's value
     
    Beelzebub, 24th Oct, 2016
    #1
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  2. Big Will

    Big Will Well-Known Member

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    related tread - Historic pub demolished without permit
     
    Big Will, 24th Oct, 2016
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  3. See Change

    See Change Well-Known Member

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    Can back fire .....

    In a similar vein , some people chop down or poison trees to improve views .

    When this happened in one place on the central coast , the local council erected a billboard where the trees had been saying it was illegal to poison trees and what the fines were .

    This isn't referring to the sign I've seen , but same concept .

    http://www.dailytelegraph.com.au/ne...heir-ocean-views/story-fni0cx12-1226950413637

    Cliff
     
    See Change, 24th Oct, 2016
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  4. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    Council still have to approve a DA!!!
     
    Colin Rice, 24th Oct, 2016
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  5. Foxy Moron

    Foxy Moron Well-Known Member

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    This tactic been around a while. As many would know with a lot of country towns going into decline over the past 40 years or so there’s been a fair bit of this going on. Particularly in places where there is an obvious over-supply of pubs leading to operators going broke. Usually it’s a fire - colloquially referred to as having the ‘red steer’ run through the place. Insurance companies are onto it though don’t worry.

    PS. I just realised there are actually a couple of hotels / motels around Australia actually called “The Red Steer”. Hope the owners are not superstitious!
     
    Foxy Moron, 24th Oct, 2016
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  6. Ben John1

    Ben John1 Well-Known Member

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    I assume these are public trees. How about trees in our own land?
     
    Ben John1, 6th Jul, 2018
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  7. 738

    738 Well-Known Member

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    Council can make you replant trees.
     
    738, 7th Jul, 2018
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  8. Marg4000

    Marg4000 Well-Known Member

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    Council can make you replant trees and refuse future DA applications.

    Illegal activity is rarely the best way to go about things.
    Marg
     
    Marg4000, 7th Jul, 2018
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  9. Angel

    Angel Well-Known Member

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    Angel, 11th Jul, 2018
    #9