How would that work out of curiousity? Some colleagues of mine are farmers and after hearing the ROI, unless your a large corporation seeking a steady yet small return or an individual who has had the farmland for decades, it is too pricey to buy in and make profitable.

It's more a lifestyle choice rather than a good ROI. Would that minimal profit not limit the land value?

You mean she doesn't love me and want to share her $7.5M with me?

Currently building on a slope.

Be sure to check with your local council, the one I'm working with will NOT allow pumps or detention basins.
I am forced to either build up the ground level (limited to 500mm, this will require a retaining wall and drainage works) or purchase an easment (my preferred method, which will cost me approximately 15k including pipework).

I will probably avoid purchasing sloped land in the future unless I can get a really good price on the property, just not worth the headaches.

Oh, just make sure not to push yourself far beyond your means, stay within your comfort level. I recently met a lady who was retired at 30, by 35 she was broke when her husband started a new cash-flow consuming business and all their money was tied up in non-liquid assets.

They had to sell it all.

Hmm, depends on your goals are.

Here's a short story about my parents which has shaped the way I feel about it personally.

• 1992 Purchased PPOR (Blacktown, NSW) for $120k
• 2001 Paid off mortgage on PPOR (Blacktown, NSW)
• 2002 Sold PPOR (Blacktown, NSW) for $135k
• 2002 Purchased PPOR (Cherrybrook, NSW) for $300k
• 2007 Purchased IP (McGrath Hill, NSW) for $300k
• 2012 Current values:

–           (Blacktown, NSW)                $550k

–           (Cherrybrook, NSW)             $750k

–           (McGrath Hill, NSW)             $400k

If they had kept the first property (positive geared) they would have been better off by 300k (by first impressions).If they had structured their loan properly (off-set) and understood property investment, they could have leveraged and exponentially grown their portfolio (huge theoretical losses).However if they really needed the money at that time to purchase the second property (which they didn’t) it would have made sense. Do you need the money? Can you do without for sometime?

Hi,

First question is why a trust? Trusts are fairly pricey to set-up and run. What if instead you keep it under your own name or wifes name (perhaps split the expense between the two), and purchase in different states, you will avoid land tax and can deduct any losses against your income.

Will your wife earn more money in the future?, Will you earn less? These are things to consider when determining how to split the house ownership. A few of these points are covered in Margaret Lomas' books.

TerryW would be the best person to talk to about trusts on this site. He is very knowledgable on these matters.

You can look at stats using id.com.au

Learnt about it at – believe it or not – a library information session on finding out about ethnicity or something…

You can compile the data on their site (it's an option) and choose what information you want, over what years, etc, you can export it as an excel and turn it into a graph.

Detailed.
http://home.id.com.au/id-community/public-resources

Less detailed, easier to navigate.
http://www.myrp.com.au/n/free-suburb-profile-report/myrp-410

You can also look in the back of Property magazines, Australian Property magazine, Your Investment Property magazine, etc. for rental rates, stock, etc. I think on their websites too.