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Discussion in 'Introductions' started by Cadbury99, 21st Jun, 2015.

  1. Cadbury99

    Cadbury99 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    71
    Location:
    Sydney
    Hello all,
    I was a lurker on SS but decided to participate on the new forum.

    I've been property investing since 2010, accumulating 9 in total (8 if we exclude my wife's IP). Built (or at least paid someone to build) one granny flat so ten sets of tenants.

    Currently unemployed or maybe retired - sitting on the fence - few years before I can get at my super so according to the government too young to retire.

    My avatar is my cat dancing for her dinner. She was born in my garden, under the deck, from a feral mother. She's still a bit feral as we didn't adopt her until she was (we guess) about 6-8 weeks old.
     
  2. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    Want to share some number on the portfolio? 9 in 5 years is a massive effort. Very interested in dwelling types, suburbs, purchase prices, current rents :)
     
  3. Cadbury99

    Cadbury99 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    71
    Location:
    Sydney
    Here you go

    Type Suburb PP Rent
    3bd House Bellingen 380k $370
    1bd Apartment Dulwich Hill 400k $450
    3bd House Salisbury North 249k $300
    4bd House Warrnambool 335k $365
    4bd Villa Harlaxton 251750 $295
    3bd House Cessnock 238k $240
    3bd House Kingston 280k $375
    Built Granny Flat Cessnock 120k $230
    4bd House Seaford SA 360k $365
    4bd House Raceview 318k $330
     
    Mick C and wombat777 like this.
  4. Mick C

    Mick C Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    206
    Location:
    Sydney
    wow all in a very short 5 years!!

    Solid effort. Was most from Equity? or cash deposits?
     
  5. Cadbury99

    Cadbury99 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    71
    Location:
    Sydney
    Mostly equity but most of that (if not all) came my PPOR for which the original loan is now fully paid down. So no non taxable deductable debt.

    I've still got quite a lot of unused equity but have no job so my servicabilty is a bit stuffed.