Hi (again) Neil,  you have been very broad-minded in  your reaction to the various responses…mine included. (Good on you). I didn't really think it likely that you'd seriously consider down-sizing your home: it was just a consideration possibly worth running by you.All the bestWilrose 

Wow Neil……you leave me stunned by the amount of personal mortgage you carry on your home: While I appreciate that it will be going up in value, you are working fairly hard I'd say just to pay the tax man, and the bank. What's the long range plan? Will the house ever be paid off? If not, then do you plan to sell and scale down upon retirement…[Read more]

Hi Sharif,I would be intrigued to confirm that you could buy anything at these prices that would interest FEA to lease at the rates mentioned, without substantial adjustments for the offsets required via management plans for gullies and watercourses etc.  In addition, Tassie is quite expensive by mainland standards today, so any land at $2000 per…[Read more]

Not too sure about this tool…….my score was about 8000, and this equated to us running out of money in 2029. If our asetts were sold down, the interest earn't from the net equity invested at bank rates would considerably exceed the $80k nominated as living allowance requirements. (We don't find the need to spend anything like $80k now nor do…[Read more]

Wayne…you write, "interesting comments"…………in what way?Wilrose

Hi all,can anyone advise where to check on your own history of posts? I would like to find mine to see if there's been any replies but are a bit lost at this present point in time.Wilrose

To further this discussion, I would be interested in forumites comments etc on a scenario we are working through:

Commercial property advertised for sale by normal method…..price excessive at $1.65m. Realistic Price range probably $1.0 to $1.2m. Elderly Vendor is persuaded to switch to rival agency after only four weeks (even though interest…[Read more]

Hi Wayne,

By the amount of traffic on this subject, it clearly causes a considerable level of discussion and deliberation both off and on line. No, I do not lease vehicles. Business opportunities allow for a significant percentage of the depreciation, interest, (including opportunity costs), running expenses etc to be factored into the mix when…[Read more]

The views expressed thus far seem to cover the spectrum, except to add that perhaps some new cars are really a very good option in certain circumstances: eg, In the range of $17500 to $28000 (which will cover 1.6 litre Hyundai to 4 litre Falcon/Commodore, all ex gst) , should you have self employment status and significant taxation bracket, you…[Read more]

would it not be impressive if I could spell my own on-line name?

warm regards

wilrose[thumbsupanim]

Hi Chaps……just for clarity, is a HDT a Hybrid Discretionary Trust? If so, how does this fit into the scheme of things, and are the benefits available thru any other avenue?

warm regards

wilorse[thumbsupanim]

Hi y’awl,

to HookhamC: what are you driving at with this last post?

regards

wilrose[thumbsupanim]

aha Nobleone…..(interesting nom de plume!!) Fair comment ( up to a point)…………….but isn’t the forum going to function best where whilst you seek help and ideas, you offer it in return to those less (or differently) experienced/educated than yourself? For those who read your post, it is necessary that they clearly understand your issues…[Read more]

to qlds007 (Richard Taylor)………huh? How does this trust thingy work regarding the ppor?

wilrose[thumbsupanim]

so sorry Cherry Pro……..i did not read your post properly: I see now that you have negative equity. This would swing me back to the earlier advice posted by others in some ways. On the one hand, you could sell and then set about paying off the outstanding debt….say $9k per year in interest, and principal payments as extra….how long this…[Read more]

Hi Cherry pro

this is a conundrum for many (as you no doubt realise). My view is to stay tuned to the market shifts……if you believe it will be many years before a return to profit occurs, consider the alternative options you may be forsaking by remaining in a zero growth market. Should you find something that promises better returns, I’d…[Read more]

I see no responses thus far Nobleone……perhaps if you were to breakdown the acronyms….Certainly I’m unsure what you’re on about with respect to a few?

wilrose[thumbsupanim]

Hi Folks,

From Ricky Ponting territory…….I can add that management fees for our commercial properties (Retail in regional city…what else) are 5% + GST. I have no idea what letting (retenanting) fees are as I drive from the front seat in this regard to ensure everyone’s best interests are served properly. All other activities are covered by…[Read more]

Hi Folks,

this is my first post….and largley prompted by response suggesting producing a bogus reference. Tut Tut!

Credibility is critical and should the agent or property owner follow thru with a check then you just might find yourself very quickly despatched to the blacklisted file.

I would endorse the other recommendations such as…[Read more]