Ann: Announces Sale of Northbridge, WA , page-20

Hey Kasper,

Im only new to the game but I can see the massive appeal of REITS. Being young and in a way unhindered by past failings of the market, Im of the opinion that alot of the downturn in REIT price's has been driven by fear.

Granted alot have run into debt related issues but there are still some sound investments in the sector.

GPT and MOF both have high occupancy rates which ensure future income, both hold premium office space in CBD'S world wide. Given the inevtibale upturn those who buy in now will reap the benefits of long term capital growth over the next 5 years IMO. The added bonus comes from the dividend income which will fall before it rises again.

I held some MOF, bought in at 8cps and sold at 19c, made a healthy buck which allowed me to tap into some bluechip stocks. I will be buying back into MOF and MDT. GPT has also been on the radar.

In regards to the make up of my portfolio, I have only been in the game a short time and as such only have a handful.

Im looking to have around 15 or so by the end of July.

Currently hold WBC, MND, VPE ( Real goer this one) ROL and CSR.

Im looking to add the two REITS I mentioned, with a view to purchase a few more Bluechips, namely QBE and WES.

Im looking to diversify as much as possible with a focus on regular dividend income and long term growth, obviously a few riskier stocks will be added to balance out the portfolio.

ROC is highly leveraged to the oil price but hasnt reacted well to the recent upturn in the market, Im not into giving adice but Im looking at an alternate junior oil producer which may tickle your fancy; CVN - has some excellent margins and a good resource in the Northwest of Aus.

Take it easy guys.