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Hi from Sydney

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

  1. pwt

    pwt Well-Known Member

    Joined:
    30th Nov, 2016
    Posts:
    119
    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

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    18th Jun, 2015
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    6,167
    Location:
    Sydney
    Awesome stuff Paul! And welcome. :D
     
    pwt likes this.
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Location:
    Canberra and Sydney
  4. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,708
    Location:
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    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:
    367
    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:
    119
    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. DiligentPM

    DiligentPM Well-Known Member Business Member

    Joined:
    18th Jun, 2015
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    Location:
    Brisbane
  8. pwt

    pwt Well-Known Member

    Joined:
    30th Nov, 2016
    Posts:
    119
    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. DiligentPM

    DiligentPM Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
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    Location:
    Brisbane