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.

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