I have 240k in offset. And 60k savings. Not sure what to do

Hi i have 1 property in crestmead i got it for 300k and ita fully offset atm i got 240k in the offset. I also got 60k in savings.
Im looking to invest. At the start i had different plans i wanted to pay off my ip which i did and i didn't want to use the equity . But now im happy to use all the offset money and my savings. Im not sure where to look tbh
Im not keen on anything negatively geared. And i do what somthing that will go up with vaule and have decent yield or i can buy some of both. How high growth areas and some better yielding properties.
I was told logan isnt as good as it was 5 years ago when i brought and perth might be the better place with better yield now.
As for Sydney i feel prices are too expensive but i do what somthing that will go up in vaule alot so Melbourne?
Any help is appreciated. I dont know where to start
Thank you

 

Ur Crestmead should have appreciated in value recently. Maybe check that.

With all that cash sloshing around I would invest in Carina Heights, post war on good size block $800K.

Not enough knowledge of Perth (except it is a great town)

 

Yeah last time i checked it went up 55k in value.
You think that's a good growth location?

 

Hi , thanks
And no i dont. U recommend i get one or continue investing for now ?
I live in Sydney i feel its way to expensive

 

so you think its going to fall until prices make sense?
If you plan to live in sydney long term, not having ppor is a huge risk.

 

Hm maybe not till prices make sense. Why is it a huge risk ? You think it will keep exploding?
If anything id rather pay off a house in anothet state have it rented obviously and use that cash to just rent in Sydney sure i made have to add a extra 80 or 100 a week but that would still work out cheaper for me for my lifetime lol

 

think long term it will continue to go up. The risk is you keep losing buying power in sydney.

renting loses its charm when you have a family and the owner says they are not renewing the lease.

youd have more money if you invested more aggressively over the last couple of years.

 

What is debt recycling ?

 

Suggest you do a lot more reading first. You are running around finding new pieces of a puzzle with no idea of how they fit together.

 

Your Crestmead would have a decent amount of capital growth in that now for sure. You can leverage that to potentially buy another investment in BNE. Moreton Bay would be my pick.

Brisbane still has alot of room to grow over the next 5 years imho. I think there is some real good money to be made still plus you'd probably be still under the land tax threshold.

Plus your Crestmead one will continue to grow as well. Some of the prices being achieved there currently are amazing.

 

The Olympics should be a good boost to infrastructure.

 

Any books your recommend ? Or just read on here ?

 

Hi @Trainee, Just wanted to understand your point here, Why not having PPOR is a risk in this case ?

 

The risk is that you don't buy a PPOR in the city you want to live in and get left behind. Say you want to live in Melbourne, but don't buy a PPOR in Melbourne. Prices rise, and you lose buying power. You can invest elsewhere, but your investments will have to perform better than Melbourne long term. Because the PPOR is tax free, while other investments won't be.

When / if you have a family, it will be hard to put off buying PPOR.

 

What do you mean your ppor is tax free ?

 

Invest in shares so pay my house loan off with the money i make off the shares ?