Doesn’t seem like a rosy future ahead.

My FIL has a small engineering shop in outer Tokyo but is almost being forced to retire due to lack work coming in.

At the moment they are buying other currencies as their accountant has warned of a massive devaluation of the Yen to be coming soon.

My worry is that so many people believe that the government will be able to provide for them in retirement as they have paid the super tax during their working lives, but it just doesn’t seem sustainable with an ageing population and massive government debt.

Had this one sent to me when the stimulus package was first announced. thought it was pretty stupid then too.

Never take the banks advise as to being in your interest, they look after their own not yours.
IO on the IP is a no brainer whilst you have non deductible debt

Sounds awesome bricman. 
this is what we are looking at doing for our next project.
Do you mind me asking where you sourced the cabin from?

cheers,
Ben

We just bought in Dubbo. getting about 6.5% gross return without doing any work. hopefully we can lift it with a bit of TLC if the tenant ever moves out.
The prospects look good with 1% rental vacancy and the prospect of 1000 new jobs in 2 new mines plus any indirect jobs over the next few years.

Long term Wellington to me doesn't seem to be a sustainable town. lots of boarded up shops and social problems, although the new jail was a windfall.
That being said, property generally sits on the market for longer.  So if you fancy yourself as a bit of a negotiator their may be some good deals to be found with good cash flow.

Barry O'farrel tried to cut the tariff for existing installations but caved in to public pressure.  Cambell Newman might have more guts though .
we have a 1.5KW system cost us $400 in total ($9000 by the tax payer), and havent paid a power bill for 2 years.  Doubtful if it has added any value to the house although solar systems are in some RE adds.

Also interested in the Renovation Toolbox or The Complete Renovation System. please PM me if anyone is interested in selling.

cheers,
Ben

we haven't signed any contracts yet but two weeks rent is the norm in this area.
management fee is generally between 7-9% (so i have been told )

Yep, I was looking at property online in Dunedoo, a small town in central west NSW.

Was surprised the medium price was $220 000. Seemed a bit expensive, until I realised it was based on only one sale.

3.       ANZ have been receiving allot of publicity about supporting coal power plants rather than green energy.

So ANZ don't like to throw money down the toilet?  if thats the case maybe i will give then some more thought next time.