Initial Director`s Interest Notice

Document date:  Mon 26 Aug 2002
Published:  Mon 26 Aug 2002 00:00:00
Document No:  193829
Document part:  A
Market Flag:  N
Classification: 

DJERRIWARRH INVESTMENTS LIMITED               2002-08-26  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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INITIAL DIRECTOR'S INTEREST NOTICE


   Name of Company        Djerriwarrh Investments Limited

   ABN                    38 006 862 693

We (the entity) give the ASX the following information under listing
rule 3.19A.1 and as agent for the director for the purposes of section
205G of the Corporations Act.

   Name of Director       Graham John Kraehe

   Date of Appointment    25/07/2002


Part 1 - Director's relevant interests in securities of which the
director is the registered holder

Number & class of securities

 10,000 Ordinary shares (Purchased on 23/08/2002 @ $3.60 per share)

Part 2 - Director's relevant interests in securities of which the
director is not the registered holder 

   Name of holder &                  Number & class
   nature of interest                of securities

  -                                     -                        
                                                                 

Part 3 - Director's interests in contracts

Detail of contract              N/A

Nature of interest              -

Name of registered holder
(if issued securities)          -

No. and class of securities
to which interest relates       -