Wayne,

There are several figures/facts that need to be provided to work it out, such as, using your father as lowest income earner (assuming I guess that the title of land is in joint names?), the costs associated with the land ownership during the time they had it (eg. rates), selling costs (agent commission, advertising etc) and of course the cost when they bought same (stamp duty etc).

All of this needs to be factored in, and then if you use the calculator (as per the link I provided) it will give you a rough estimate of what the CGT will be.

Cheers,

Jo

Relax Marsden, I have nothing against small country towns, far from it, I used to have friends in Rugby (NSW) where (at the time, can’t say today) the population was all of 50. And I never said infrastructure is not good in the country (you did)!!! What I said, and am still saying is that there needs to be adequate infrastructure (regardless of whether the population is 100 or 10,000) in order to support its community, without it, sure the town may well thrive for a while, but eventually it will go belly up.

As for BB’s; you are dealing with the minority!!! A colleague of mine currently completing his doctorate has been researching, having just completed a 5 year study of the BB’s tracking their movements (trends) reports that the numbers of BB’s moving to “small” (<1500 people) towns (rural or coastal) is minimal!!! And it is not because of “lack of” infrastructure (although yes, I did have a dig about that, my apologies) it was because of long term feelings of isolation from family and friends!!!

So please, can we call a truce now…you know city to country??? [winking]

Cheers,

Jo

Baby Boomers more than likely won’t want to retire to “one horse” towns Marsden, they are a fussy breed, they like their creature comforts and won’t tolerate driving many kms to get to their nearest police station, hospital, medical centre etc., but would rather have all the amenities as close by as possible.

Well FWIW Dave buddy….this little gem you can keep all to yourself….I wouldn’t touch it with a barge pole!!!! [wacko]

Here’s a link which I added to my favourites thanks to one SS forumite, and which may be of interest to some of you here:

http://www.privateislandsonline.com/

Happy shopping!!! [biggrin]

Woo hoo!!!!

We’re now up to:

2 pubs
1 restaurant
1 cafe
A caravan park
1 Medical centre

And their industry is wheat harvesting!!!

Marsden,

“Do not try to use city rules for country properties”

Since when has common sense been the luxury of city slickers, and if so, maybe it wouldn’t be such a bad thing to take a leaf out of that book!!! [whistle]

Gimme a break here!!! [rolleyesanim]

Furthermore, how can infrastructure be deceptive??? You either got it, or you ain’t!!! And a hospital 70km from your doorstep (for example) is hardly going to benefit some poor local in need emergency surgery now is it???

So in your opinion, the more pubs the better…is that how you gauge a good investment??? Crikey, what do you do with the pub runs out of beer, move town???

Dave,

Do your homework; research the place thoroughly, but for heaven’s sake, don’t dismiss the facts (or lack of) which you have presented to us here, as anything remotely resembling worthwhile investing!!! But hey, it’s your money Jack; knock yourself out!!! [wacko]

Cheers,

Jo

Unlike my question, my last comment was not directed at you [winking] it was more for others who may have misunderstood my intention for asking.

Anyway, thanks for explaining the differences, and yes I can see where there would be issues by such “old school” mindset.[whistle]

Cheers,

Jo

Here are a few links (albeit slightly dated 1998, 2001 respectively) they are worth taking into consideration (at least until the new ABS stats are released).

http://www.abs.gov.au/Ausstats/[email protected]/0/2619aaebcadda426ca2569ad000402ca?OpenDocument

http://www.rpdc.tas.gov.au/soer/indicator/55/index.php#Data

Yeah, ask the real estate agent for that particular town, city!!!

Happy New Year to you too!!![biggrin]