Good morning daily

[Newcastle George]

Good morning All. 22*here with same forecast as the maximum.
Thankfully, yesterday was much the same which enabled me to finish the restoration of the bus rear by reinstalling the spare wheel carrier.

Photo below
Click to enlarge

100_7982.JPG

George

[BernieQ2]

Good morning All. 22*here with same forecast as the maximum.
Thankfully, yesterday was much the same which enabled me to finish the restoration of the bus rear by reinstalling the spare wheel carrier.

Photo below
Click to enlarge
100_7982.JPG

George

looks good George..

[jon_d]

Pension is tax free to Jon

Terry, I'm talking about superannuation.

Accumulation mode - where actual investment earnings are taxed at 15%
Pension mode - where actual investment earnings are tax free.

Having real estate in super during pension mode on a self managed fund is questionable.
Sure the asset will grow but you can't sell part of a house to fund the required draw down. There has to be an adequate mix.
You could only draw down any rental income.
Renting your own house from your own self managed not allowed.

Anyway, regardless, I wish you all the best and hope that the decisions made are successful.

[T1 Terry]

Pension is tax free to Jon

Terry, I'm talking about superannuation.

Accumulation mode - where actual investment earnings are taxed at 15%
Pension mode - where actual investment earnings are tax free.

Having real estate in super during pension mode on a self managed fund is questionable.
Sure the asset will grow but you can't sell part of a house to fund the required draw down. There has to be an adequate mix.
You could only draw down any rental income.
Renting your own house from your own self managed not allowed.

Anyway, regardless, I wish you all the best and hope that the decisions made are successful.

A misunderstanding Jon, pull the money out of the superfund to finance the house. Yes, that will be taxable, but based against zero income (on Margaret's part) we should get at least some of it back.
The $700,000 something that the insurance paid out for the workshop, will go a log way towards building the house, the house insurance will hopefully cover the rest and legal fees and furniture etc. The superfund still owns the workshop property and we are still paying rent to the super to use the block, and probably will continue to do so until we either sell it or lease it to someone .....

Then of course, we have all my treasures around the yard for me to repair and sell

T1 Terry

[BruceS]

Terry I'm sure you could easily throw an Atco transportable or two on the houseblock for much less than you are suggesting?
Pretty sure the original main section was a transportable?
There's only the two of you?
You can always throw up an outdoor barby area like it was before.
Not going to show you a few from up here ...... cost too much to move your fleet anyway!!

[T1 Terry]

Terry I'm sure you could easily throw an Atco transportable or two on the houseblock for much less than you are suggesting?
Pretty sure the original main section was a transportable?
There's only the two of you?
You can always throw up an outdoor barby area like it was before.
Not going to show you a few from up here ...... cost too much to move your fleet anyway!!

https://structures.atco.com/en-au.html Workforce housing drop down menu, prefab modular home tab ..... https://structures.atco.com/en-au/workf ... homes.html 404 Error
Tried all the others, nothing ...... the new statewide regulations virtually ban permanent housing made from a container .....
There are some great designs out of China at quite a good price ..... just not suitable for Mannum council approval
The logistics with the new state wide regulations, getting a portable building errected on a site is mind boggling. Everything must have the latest insulation class, double glazed windows, all new house construction standards .... the rest of the requirements just made my eyes roll and my head hurt ..... but even getting it up the driveway and into a position a crane could lift it into place ..... I really don't think there is enough access.

The house the other side of the big hole was a transportable house ..... that could no longer be built on that block and it is twice the size of our block ..... the impressions in the ground and pavers where the excavator was used to pull the remains of the house down, too soft for the outriggers on a mobile crane .....

After looking at a number of relocatable homes, seeing the cracks in the joins and knowing how much our house moved between wet and dry ...... and it would still be a single level building, can't see the point in spending the money if we can't get at least the same views, if not better ...... never get away with a house sitting on two lengths of RSJ like the old house was ...without all the structural foundations etc ..... we have to get all that now to build our house, that is the reason for the soil testing etc, to see just what the house was built on, back fill, river silt or a solid rock base down there somewhere ......

We already know the council will be hard to get on with, if all the T's aren't crossed and the i's dotted etc

Been through too much to put up with any of that sort of B/S, after seeing the corners where the deep foundations for this workshop have cracked away from the slab ..... I'm not entirely confident if they will even be able to build the house we want, where we want it .......

A game of wait and see ........ If Kookaburra homes take on building the house, then, at least we have that behind us when it comes to insurance ......

The slab they poured for the brick 2 storey Kookaburra built house at Rocky Point where we did the off grid power set up, would have been enough for a truck workshop, that sort of cost is well outside our budget

T1 Terry

[jon_d]

A game of wait and see ........ If Kookaburra homes take on building the house, then,

https://www.kookaburrahomes.com.au/projects/

They do have a lot of projects under their belt. Have they shared how much each one cost on a flat block.
Then you could quickly add the expected extra sites costs onto the build and get an idea of feasibility.

Even, to a OMG we can do it, or an OMG back to the drawing board point.

[Dot]

NZ build houses on blocks much steeper than yours Terry. Ask your wire.

[T1 Terry]

NZ build houses on blocks much steeper than yours Terry. Ask your wire.

Not sure what my wire would know about NZ houses Dottie

Nothing to do with how steep the block is and everything to do with how far down till they find solid rock or at least compacted dirt.

The rock cliffs behind the block were the original edges of the glacier that carved out the valley the Murray River flows through. Over the years, the inside of the bends filled up with silt, that is what each side of the Murray River this far down is made of, river silt and rocks that rolled down the hill as it was carved away.

When I was putting down the pipes to build next doors jetty, I was driving pipes the length of the poles that hold the no standing etc street signs using a petrol driven post driver I borrowed from a customer who built security fences for a living, they never stopped going down, they never found solid rock 3 mtrs deep and that was the edge of what was once a paddock more than 500mtrs from the banks of the Murray ......

There might be enough bedrock down there to put the foundations onto, or the ground might be solid enough to pour concrete and reo into, not my specialty, so I'll wait for the experts to tell me ......

T1 Terry

[Dot]

Good to see you are paying attention Prof1.