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G'day from Sydney

Discussion in 'Introductions' started by Kosti, 3rd Nov, 2016.

  1. Kosti

    Kosti New Member

    Joined:
    3rd Nov, 2016
    Posts:
    2
    Location:
    Sydney
    Hi Peeps!

    Wife & I are also very late to the game for getting smart with our money and with the 50's approaching rapidly we're looking to make some changes to allow retirement and have better cash flow than how it looks right now.

    In summary
    On a single income as the boss looks after the four children all still in primary school. We live in our home with approx quarter of a million still owing however having bought this many years ago, according to the property market we've quad tripled our initial investment.

    I'm hoping to learn from this forum and peoples past and present experience and want to hear from people on recommendations for a good financial advise / mortgage broker who could provide some basic consultation and strategies on review on reinvesting and including moving into a SMSF.

    We love where we live but feel we left it too late to do a knockdown rebuild but want to look at options for maybe dual / semi occupancy if zoning change etc

    Also hoping you folks can point me to some links and good posts to start reading and get cracking with building our retirement portfolio and make sure our children have a better head start for the future.

    PS..total n00bs to property wealth and everything else, even IT is daunting :eek:

    PEACE
    Kosti
     
    Bryan Loughnan likes this.
  2. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,111
    Location:
    Brisbane
    Gday @Kosti , welcome aboard.
    Plenty of brokers on here to give some advice.

    How do mean left it too late, spent too much on the house to knock it down?
     
  3. Property Twins

    Property Twins Mortgage Brokers - Australia Wide Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    1,866
    Location:
    Sydney, Australia
    Hi @Kosti
    Welcome to PC.
    It's great you are thinking about investing.
    Read up on here and Somersoft.
    There are a few PC members who started in their 40s and 50s and have done well in achieving retirement through property.
     
    Colin Rice likes this.
  4. Kosti

    Kosti New Member

    Joined:
    3rd Nov, 2016
    Posts:
    2
    Location:
    Sydney
    Thanks, appreciate the feedback, I look forward to talking with those 40's 50's peeps :)
     
  5. Bryan Loughnan

    Bryan Loughnan Well-Known Member

    Joined:
    20th Jul, 2015
    Posts:
    133
    Location:
    Brisbane
    Welcome Kosti - build a team of professionals around you who can help you achieve your goals!
     
  6. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,881
    Location:
    Canberra, Brisbane and Sunshine Coast
    Welcome aboard :)

    Cheers

    Jamie
     
  7. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,491
    Location:
    Perth
    Its (almost) never to late to start thinking about providing for your future so well done for realising you need to take action.

    Stick around, read and ask questions and within no time you will be on the road to merriment.
     
  8. TadhgMor

    TadhgMor Well-Known Member

    Joined:
    5th Sep, 2016
    Posts:
    168
    Location:
    Penrith NSW
    Hi @Kosti
    Welcome from another n00b :)
    We're 55+ and we're only just getting started too.
    There's lots of info on here and lots of very intelligent people willing to share their wisdom.
    Don't be afraid to ask questions.

    Cheers

    Tim
     
    Colin Rice likes this.
  9. Taku Ekanayake

    Taku Ekanayake Mortgage Broker @KinFinancial Business Member

    Joined:
    23rd Jun, 2015
    Posts:
    973
    Location:
    Sydney, Australia