Quiz answers 2010

11/2010

1. What is the web address of Buchan Lee's Facebook fan page?

www.facebook.com/buchanlee

2. Stephen Yarwood has just been elected as Adelaide's youngest Lord Mayor. Who was Adelaide's first female Lord Mayor?

d) Wendy Chapman

3. According to retail researchers Verdict, what is the estimated boost that the upcoming Royal Wedding will give to the struggling UK economy?

d) US$1 billion

4. How many declared vendor bids below the reserve price are permitted at an auction in South Australia

?

Three

10/2010

1. Arrange the following surnames in order of their prevalence (most common to least common) in the Adelaide CBD according to the 2010-11 White Pages top 20 names survey

Lee (1st)

Li (2nd)

Chen (3rd)

Wang (4th)

Smith (10th)

Brown (17th)

Buchan (not in top 20)

2. Where was Mary MacKillop born?

d) Fitzroy, Melbourne, Victoria

3.In the 2010 Copiapó mining accident, for how many days were the 33 Chilean miners trapped underground before they were rescued?

69 days (from 5 August to 13 October 2010)

4.W

y can't a residential sale property be advertised at a price range of $250,000 to $300,000?

The upper figure exceeds 110% of the lower figure

09/2010

1. How many blog posts has Buchan Lee written?

d) 48

2. How many apartments are in the 223 North Terrace project?

111

3. In the British version of the board game Monopoly, the leading orange property is called Vine Street. What is it called in the US version?

New York Avenue

4. In South Australia, what cooling off rights does a buyer have for a sale by auction?

None

08/2010

1. Who was the first recorded member of the Scottish Clan Buchan from Aberdeenshire?

b) Ricardus de Buchan

2. What was Australia's first municipal council?

Adelaide

3. Why do The Beatles pose a problem for Steve Jobs?

Steve's company (Apple Computers) have a history of legal issues with the company which owns The Beatles' songs (Apple Records), stemming from a promise that Apple Computers would not go into the music business so that it could use the name 'Apple'. Of course, Apple Computers is now deeply involved in the music business with iTunes. Some say that Steve chose the name 'Apple' because of his love of The Beatles.

4. In South Australia, contracts for the sale of land must be in writing. True or False?

True

07/2010

1. As at the time of sending this newsletter, how many tweets has buchanlee made on twitter?

d) 160

2. Which city in the United States formed the basis for Colonel Light's layout for Adelaide as a one square mile grid surrounded by parklands?

Philadelphia

3. What is the capital city of South Africa?

d) All of the above - Pretoria (executive) Bloemfontein (judicial) Cape Town (legislative)

4. What is an Alienation Clause?

A clause in a mortgage contract that requires full payment of the balance of a mortgage at the lender's discretion if the property is sold or the title to the property changes to another person. Nearly all mortgages have an alienation clause.

06/2010

1. Buchan Lee Property Group is a trading name. What is the name of the "parent company" which trades as Buchan Lee Property Group?

DTL Investments Pty Ltd

2. The 1842 Imperial Waste Lands Act increased the minimum price of land in all Australian colonies, with half the proceeds used to encourage migration. What was the minimum price?

c) £1 per acre

3. What is the seating capacity of Soccer City Stadium in Johannesburg (after enlargement to host the World Cup final)?

d) 94,700

4. What is an Alligator Property?

An investment property where the expenses (mortgage payments, taxes, insurance and maintenance etc) are greater than the income - "eating up" the profit.

05/2010

1. Which issue of "So You Think You Know Property?" is this?

c) Tenth

2. OG Road, Gilles Street and Osmond Terrace are all well known Adelaide thoroughfares. What else do they have in common?

They are named after Osmond Gilles - settler, pastoralist, mine owner and South Australia’s first colonial treasurer

3. Which famous residential address is colloquially known in the United Kingdom as “Number 10”?

10 Downing Street - the official residence of the Prime Minister.

4. What does the term "jingle mail" refer to?

Where a borrower deliberately chooses to default on a mortgage (then posts the keys back to the lender)

04/2010

1. When was the Buchan Lee website launched?

2004

2. Who is the only person legally buried within the Adelaide City limits?

Colonel William Light

3. What is the Big Mac Index?

A measure of purchasing power parity between currencies based solely on differences in price of the McDonalds Big Mac burger around the world.

4. What does ROI stand for in relation to property?

Return on Investment

03/2010

1. In which suburb is Buchan Lee's postal address located?

Walkerville

2. Which one of the following people was not on the Adelaide Street Naming Committee?

a) George Fife Angas

3. What is the world's largest pastoral property?

Anna Creek Station, South Australia (approx. 24,000 sq km - bigger than Israel) America's biggest ranch, King Ranch in Texas is approx. 3,000 sq km.

4. What is the term used to describe when a seller accepts an offer and verbally agrees to sell a property but later sells to another buyer (usually at a higher price)?

Gazumping

02/2010

1. Who is the oldest member of Buchan Lee?

Peter Buchan

2. What was the year of enactment of the South Australia Colonisation Act?

b)1834

3. Who made this famous quote: "Property is the fruit of labor; property is desirable; it is a positive good in the world."?

Abraham Lincoln

4. What does the 'price to income ratio' measure in a given area?

Housing affordability. It is generally the ratio of median house prices to median familial disposable incomes, expressed as a percentage.

01/2010

1. The majority of Buchan Lee listings are in which suburb?

a) Adelaide

2. What is the traditional aboriginal name (meaning 'male red kangaroo rock') for the place where the Adelaide City Centre now stands?

Tarndanya

3. The Burj Khalifa is the world's tallest building, and it also has the world's fastest lifts. How fast are they?

c) 64km/h

4. What are the main differences between a joint tenancy and a tenancy in common?

A joint tenancy is always held in equal shares and upon death an owner's share automatically passed to the other owner(s). A tenancy in common can be in unequal shares and owners can choose (via a Will and Testament) exactly who will receive their share upon death.