Before we look at last week's US Grand Prix in Austin, Texas – and the weird effects it had on drivers, cars, spectators and race officials – we are going to talk about Australia's favourite topic, property!
Twenty readers and one son, you know there are only two convos about property and they depend on which suburb you live in, and whether you have an investment adviser, a tax adviser, a legal adviser, a bean counter, a wealth adviser, an estate planner adviser, a tax optimisation adviser, an insurance adviser and a travel adviser for when Rob Heferen comes knocking at the door from our ATO, asking "where's the lazy $30m you owe us?"
If you are in the second category your conversation has to focus on which of the kids (Ollie or Taylor) or both, you will have to sell to pay the mortgage. If you frequent uptown on Cottesloe's Napoleon Street, or Speedos on Bondi's Ramsgate Ave, you talk about whether you should buy the $11m house for the toy boy, toy girl or other, or the $7m one.
Of course, Porsche is owned by VW. Think you're doing it tough? A few years ago, VW shares were $400 each. Today they are $156. Can I whisper negative $4.4bn? Most of the VW Group's luxury cars are going backwards. In fact, Bentley deliveries are off 22 per cent.
Most of this margin would come from the Porker service and parts departments in Australia. So, it may be good news that US auto giant Penske has bought Porsche Centre Melbourne in Collingwood from Porsche Retail Group Australia to add to the two Porker dealerships it bought in Brighton and Doncaster (Victoria).
Roger now owns 24 Porker dealerships. He runs 362 great dealerships around the planet and, unlike others we could mention, the Penske share price has gone from $33 to $255 over the past five years. You can be sure, unlike other car dealers in Victoria, Roger will back his brands.
Which leads us back to the Perth-based Autoleague which owns Berwick Jeep and sold a serious lemon to readers seven and eight, Helen and Jerry Chaberka, and then ignored them. Anyway, we wrote to Autoleague boss Dan Kawai and asked him if he would like to comment on Helsie and Jezza's problem. We got the same reply as the Chaberkas.
So how weird is it that the best race last Sunday and the one the cameras followed, was between third and fourth? Anyway, better aero resulted in the Ferraris blasting out of the corners putting Chuckie Leclerc 8.5 seconds in front of Sainzy second, with Mad Max next, Leaping Lando fourth and Aussie Oscar fifth.
In a weird decision from the stewards, Leaping Lando Norris copped a five-second time penalty in the last few seconds of the race, so went from third to fourth. Everyone looked weird in cowboy hats.
jc@jcp.com.au
