Hi from Sydney

Discussion in 'Introductions' started by pwt, 31st Dec, 2016.

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  1. pwt

    pwt Well-Known Member

    Joined:
    30th Nov, 2016
    Posts:
    234
    Location:
    Sydney
    Hi everyone,

    Happy New Year and a belated hello from Sydney. I'm Paul, 41 yo with wife and 3 yo kid. Have been an avid reader of Somersoft years ago and recently started to read & post on PC. The lull in between is due to kid coming into our life and keeping us busy, plus watching Sydney property market going crazy (sitting on our hands and just pay off our debts) :)

    We have 1 PPOR and 3 IPs, all in Sydney. First purchase was back in 2008 and last ones were in late 2012, so have been lucky to ride the wave in Sydney's crazy growth.

    Haven't quite looked at interstate yet or development or commercial properties yet, but planning to learn up from all the gurus in PC to help plan the next move.

    Have a great 2017 and looking forward to chatting to you all.

    Cheers,
    Paul
     
    Gockie likes this.
  2. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    8,350
    Location:
    Sydney
    Awesome stuff Paul! And welcome. :D
     
    pwt likes this.
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
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    Posts:
    3,005
    Location:
    Canberra, Brisbane and Sunshine Coast
    Welcome aboard Paul - great timing with those Syd properties :)

    Cheers

    Jamie
     
    pwt likes this.
  4. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,134
    Location:
    Sydney
    Hi Paul,

    Welcome, 41 is an awesome age.
    The best is yet to come.
     
    pwt likes this.
  5. Travelbug

    Travelbug Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    387
    Location:
    Sydney
    Welcome! You've made a great start. You are well and truly on your way.
     
    pwt likes this.
  6. pwt

    pwt Well-Known Member

    Joined:
    30th Nov, 2016
    Posts:
    234
    Location:
    Sydney
    Thanks everyone for the warm welcome.

    My problem now is that everything in Sydney looks expensive and/or low yields, compared to when I was buying. Will be doing more research outside the areas i am familiar with to hopefully dip back in the property market later this year or next.
     
    larrylarry likes this.
  7. 733

    733 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    571
    Location:
    Brisbane
    Welcome to a terrific forum of helpful information, resources and interesting posts:)

    What are your goals for the next three years?
     
  8. pwt

    pwt Well-Known Member

    Joined:
    30th Nov, 2016
    Posts:
    234
    Location:
    Sydney
    I haven't really sat down to think of the goals, although I probably should. Very rough thoughts are:
    1. If Sydney market soften in late 2017 or 2018, then buy and hold. This is similar to what we've done previously. May look at commercial properties for a change compared to just resi.
    2. If property market doesn't soften, then look at interstate, commercial properties, etc.
    Would also depend how my job goes to help fund the investments :rolleyes:

    Any suggestions on how to develop a 3 year goal would be appreciated. Also keen to hear what others 3 year goals are.
     
  9. 733

    733 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    571
    Location:
    Brisbane
    Do a lot of research on the commercial market - a very different beast

    Great goals!
     
    pwt likes this.