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Canberra’s Boutique Real Estate and Property Management

Caravan park disaster over

By johnboy 8 August 2006 37

The ABC is reporting that Josip Zivco and Koomarri have done very well out of the rest of us with the Government bankrolling a deal to let the Narrabundah Long Stay caravan park stay where it is.

I’d say the park residents have, in the end, done quite well, except now they shall languish in the care of Housing ACT.

Jon Stanhope has put out a media release celebrating the news.

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Caravan park disaster over
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Big Al 9:22 pm 10 Aug 06

Pandy said “The ink was hardly dry on the property transfer…” and that’s all it needed, signed sealed and delivered. Would you not move into your new house after the sale just ‘cause the vendor thought that they’d changed their mind?

The deal was ‘like for like” Consolidated Builders were compensated appropriately for a fuck up orchestrated by the Smyth Government and abetted by Koomari. Stanhope has made the best of a bad situation that avoids, in the great part, dumping a bunch of people into the Government housing pool. The Govt. was always going to do well on betterment tax for any change of lease, whether or not it was at the caravan site or across the road – this way about a hundred people keep their humble abodes and Consolidated gets the equivalent of what they paid for – in my book the ACT tax payer should consider themselves lucky that Consolidated were gracious enough to accept the deal.

Pandy 8:37 pm 10 Aug 06

A caravan park. But Uncle Josif is free to get a change of lease purpose clause. It will cost him millions and the ACT will get their money back.

cranky 7:35 pm 10 Aug 06

So what lease purpose will be applied to Uncle Joe’s new block across the road?

Pandy 12:17 pm 10 Aug 06

The ink was hardly dry on the property transfer, when Koomari asked Jo to tear-up the contract. He told them to piss-off in front of Sonic: he knew he could screw Sonic further. Therefore Koomari was prepared to take-back management of the caravan park before they could off-load it again.

boomacat 10:09 am 10 Aug 06

Pandy you can’t just go around compulsorily aquiring land – we don’t live in Chavez’s Venezuala or Stalin’s Russia, the government must use its powers to compulsorily acquire very sparingly (ie when it is necessary to build public infrastructure, eg major roads).

It would not bode well for the economic standing of the territory if potential investors were concerned that the government would compulsorily acquire their property on a political whim.

S4anta 9:51 am 10 Aug 06

One upside is that ACT Housing are now sitting one hell of a fat land investment that they can sell for another dollar further down the yellow brick road.

simto 9:30 am 10 Aug 06

Koomarri doesn’t want to run a caravan park. That’s why they sold it in the first place. So your solution fails there.

Pandy 9:22 am 10 Aug 06

Stoopid Sonic should have resumed the land. Koomari was prepared to hand back the money if they handed back the block.

Sonic resumes the land, pays Jo the money he paid for it, Koomari gives the money they got to Sonic, Sonic hands the caravan site back to Koomari. Status Quo.

Big Al 10:10 pm 09 Aug 06

Hang on people, the sale of the caravan park was for around $2m, the swap was supposed to be “like for like” so the land across the way, that is ‘green-field’ doesn’t have the improvements that the original site had – power through out, sewage connected, roads, fencing, electricity across the site etc.

Having said that, I wish I could get people like the ones they have at Consolidated Builders working for me – the real crime here will be if those chaps don’t get a bloody fantastic Christmas bonus.

boomacat 9:43 pm 09 Aug 06

Glad to see that taxpayers are forking out a shitload to make-up for the stupidity of the former liberal government.

johnboy 7:21 pm 09 Aug 06

Watch for a hefty donation to the ALP from Consolidated Builders.

cranky 7:09 pm 09 Aug 06

According to todays CT, the developer is to get a comparable block across the road from the ex Koomari site – apparently its not as good. So our financially strapped Guvmint has decided to give him the block plus $1.5mill. Am I missing something here? He buys a caravan park for $1mill, evicts the occupants, all hell breaks loose, and he winds up with a comparable block plus $1.5 mill for an investment of $1 mill. This is Government largess gone mad! What does the ACT ratepayer get out of this except inflated rates bills to pay for this financial nonsense. This result cannot be justified!

James-T-Kirk 1:58 pm 09 Aug 06

alert (“beer”);

James-T-Kirk 1:56 pm 09 Aug 06

Yes, they brought –

Wait for it


VYBerlinaV8 1:55 pm 09 Aug 06

They sold them to pay the rent. Oh, hang on, they didn’t actually pay the rent! Something’s going on here…

James-T-Kirk 1:54 pm 09 Aug 06

Last time I went on the M5, the rate for a multi axel vehicle was higher than a car. I suspect that the govmnut is looking forward to the increased revenue when they make the parkway a tollway!.

Oh – yes, that’s right… I forgot that most of the vans out there don’t have wheles on them…

S4anta 1:44 pm 09 Aug 06

Why does the government pander to a group of people whose homes have more wheels than the cars they drive?

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