Good morning daily

[Shirley]

Our land rates in NSW are calculated on the unimproved capital value of the land.

[jon_d]

At least I'll get a pension concession on those, but the other plus is tying some of Margaret's Super Fund money back into real estate and in this case, a home that isn't assessed when it comes to a pension.

It's all a great big balancing act.

Draw down on the super to build a bigger house, super is reduced, less income, get pension but rates and insurance go high over the years. Causing more money to be spent.
Possibly to the point of unsustainable ownership.... bearing in mind other costs are increasing too.

A full cash flow spreadsheet needs to be be done right up to the expected end of life.

If super is increasing to the determent of a pension, I believe this is a good thing.

When in super "pension mode"; all interest is tax free in that account.

super.jpg

[BruceS]

I've never had any super.
It's just Labor's way of avoiding using Gov capital to pay pensions.
It's also aimed at super companies to 'buy' into companies to employ union workers.

[T1 Terry]

We would really need a lot invested to pay $500 plus a week, I would lose my part pension as well if we don't tie the cash at bank into real estate.

It's those unstable parts shown in your graph between march and may that I sense is about to hit for a lot more than a few mths ... maybe even yrs.

Superfunds lost so much money in the bad times with supposed experts in financial investment, this is an average, no commercial superfund has a better loss record than this average

Superfund averages.jpg

yet, once we converted to our own self managed superfund, we have never lost money.
Real estate may not fully avoid a few steps backwards, but when it also the roof over your head, it doesn't hurt as bad .... I'd hate to be looking into what I think is coming with a mortgage over my head or renting the roof over my head .....

T1 Terry