Can this set me up for life?

By my math you get there in about 20 years.
I’m assuming you have a current mortgage payment of about $3750/month.

Assuming you have $350k today.
Direct $3750/month into an investment
Investment increases by 8%pa (4% divs reinvested and 4% annual growth)
In 20 years you have about $3.5ml Capital.

Change any of the above to modify the outcome

Blacky

 

My thought was to purchase 3 properties to approx value of 1 mill. Using cash or PPOR as equity. If purchased well this should be cashflow neutral. After 20 years appro value of investments 4 mill.
Almost there?

 

Checking I understand your writing correctly. If it's within 6 months of buying the new PPOR, the old PPOR (the one with the $2 mill offer?) would be virtually CGT free (except for some CGT due to the business you ran from it).
In which case, sell (and do it in July if your wife decides to stop/cut back on working). Also I'd imagine you would also encounter a lot of land tax if you were to continue holding it.

Edit: realised you are in Qld.... land tax is calculated on the assessable properties you hold on 30 June. Don't think you can escape payment for this year.

 

Absolutely. And consider this. Say you want the income to last for 40 years: $3,750,000/40 = $93,750. Plus the capital will be throwing off say 4% income, and they could extract the equity from their PPOR as you mention...

 

Ok. If you do it, perhaps don't buy them all in Brisbane/SE Qld! Eggs in the one basket scenario.

 

Thanks for all the suggestions. Now time for the price negotiations.