First select your home and then conveyancer before buying it

The first property tax levy dedicated to the restructured Drake, approved in 1989, generated $19 million a year. At present Drake is getting about $14 million annually from the levy, while Hamilton County commissioners are taking another $5.5 million to help pay for drug and alcohol intervention services. In Sydney an assention is not legitimately tying until contracts have been exchanged.

Although Drake officials say they’re committed to reducing their reliance on the property tax subsidy, last year they approached commissioners with a request to put a whopping $120 million, five-year replacement levy on the May 2004 ballot. That generated so much criticism that Drake supporters had to back off; they returned this year with a request for a $98 million five-year levy on the Nov. 2 ballot. Commissioners voted 2-1, however, to put it on the ballot at $80 million over five years, with no promises about how much of that amount would be earmarked for the drug intervention programs. Regularly the procedure is relative in every one case; the buyer masterminds an expense with the merchant and a short time later a conveyancing authority makes the precontract enquiries, drafts an understanding and sorts out any costs, for instance, stamp commitment and Zone Registry charges. Commissioner¬† who cast the lone vote against the levy request, argues that even the smaller levy isn’t really necessary.

He and others assert that private nursing homes could provide some of the services at far less cost, that Drake is spending too much money on marketing and compensation for its top executives, and that its management has resisted outside efforts to cut costs and improve accountability for the use of tax levy funds. In Sydney the technique is possibly different in that once an offer has been made it becomes truly tying.

Drake officials have responded by saying the levy is needed to maintain the level of quality, and some have warned that Drake would be forced to scale back services or perhaps even close if the levy fails. Thus the Conveyancing organization is used before an offer being made and if there is excitement from more than one buyer then regularly an end date is arranged for starting offers. The latter threat is exaggerated.

Overall, moderate rates of both take-up and rental value growth will persist through 2005, but development constraint is preventing 1990s style over-supply. Our total return forecast of 17% for 2005 reflects a strong downward yield shift over the last 12 months.

Over our five year forecast horizon, CBD offices should have a performance advantage over business parks, with Central London also expected to out-strip the UK average.