My 2018 investment summary

in 2018
I bought $4.25 million in property
6 student housing in Hawthorn
1 holiday apartment in Melbourne
1 holiday apartment in Terrigal
4.5 acres for investment in Oakville 2765
1 new wife from 22 December

I sold $30.7 million in property
1 investment unit Maribyrnong
14 acres in Box Hill 2765
6.25 acres in Riverstone 2765

Plans for 2019
Keep spending 2-3 weeks of every month on holidays
Complete and sell 2 new terraces in Newtown
Buy a central Sydney holiday apartment
Subdivide and sell 53 blocks of land in box hill 2765
Sell redundant Melbourne holiday apartment
Buy another few acreages in 2765 area
Keep lending excess money and borrowings to developers
Get a really nice sports car to replace the old Porsche.

I find that writing down your strategy helps you realise your aims.

 

Holy f...!
Well done!

You're clearly just investing to keep yourself busy now.

 

With surplus investment funds have you considered angel investing in baugruppen housing in Perth?

 

Back from holidays?

 

That is fantastic. What would be the ongoing cost in holding acreage around Oakville?

 

GT2RS?

 

No a Targa gts,would be great.

Yes back today from a cruise in PNG.

Acreage is very expensive to hold due to low returns, high cost of purchase, high land tax and high council rates. But fortunately Sydney keeps growing and we have seen close to 20% drops in development sites in 12 months.

I never invest more than 30 minutes drive from my home/office. I never lend money on property more than 30 minutes from home.

 

I’m at the other end of the investment activity scale.

In 2018:

• Bought nothing
• Sold nothing
• Finalised my mother’s Estate
  
• Supported wife through her health issues
• Celebrated oldest granddaughter’s 4th birthday
• Celebrated oldest grandson’s 1st birthday
• Welcomed second granddaughter into our world

In 2019:

• Go on a cruise (to celebrate wife’s end of treatment)
• Sell PPOR (if not sold beforehand)
• Celebrate three grandchildren’s next birthday
• Do nothing

 

Refined machine mate ..

 

That's the only thing that I can fault in your strategy. How many of those are you planning on collecting?

 

Thank God laws prohibit you from more than one wife. Unfortunately the number of ex-wives you can have is unlimited.
PS: I only have one ex.

 

And your policy is "I never live closer than 30mins from my ex wife "

 

Just looking at the bought section , that's a lot of work and good luck with the new ""Wife"" at least you know the realities to keep all that above the water line..What do you think if or when Labor gain power will your plans change..

Myself ..

Sold nothing bought nothing in property Brisbane still got a lot of gas in the long--term..

Help one daughter buy her first investment property ,from start to finish ..

Bought several times over the last six months ASX listed ,82% in one bank and the break-even point is $71.32.

2019..
not sure..

 

I think it’s harder to predict the future property market than understand the mind of your wife at a shoe sale.

I can honestly say I never expected the Chinese shortage of money to effect the market in development land and older existing housing to the extent it has.

Remembering that “Chinese” buyers of established homes are mainly Aussies by residence or nationality, it seems insane that the areas they prefer have suffered falls so much higher than the areas they don’t frequent.

The new government policies may already be factored into the current price drops.
I’m now 50% cash, 15% business, 30% real estate broad acre developments, 5% personal residences in Sydney, Melbourne and Terrigal.

PS I don’t give my 4 kids money, other than presents, my 3 daughters are all multi millionaires, my son is a happy but poor entertainer with a small unit as an investment.

 

Thanks for sharing!

 

As a young married man this statement scares the **** out of me.

 

Hi car tart, first post.

I’m always interested in people’s wealth stories who have ‘made it’

What was your main business to accumulate your wealth?

Currently I have my own business, work for myself from home with a few staff overseas who assist my line of work which is building services design. I never planned on making my business large as I don’t want the hassle of staff and pressure on meeting wages especially in this slow paying construction industry. I make 250k pre tax per year but recently realised I’m not going to make my financial goals at this current rate in the time frame I want to be financially independent. At 27 I thought I had made it and travelling working anywhere on my laptop was a great experience and personal achievement. But the reality and eternal drive of always wanting to achieve more is back and I need to take my life to a new level and business adventure.

My thoughts have been to buy a 1000m2 existing residence in South west Brisbane for 400K, put in a da for 5 townhouses and sit on it for a while until prices rise. The goal would be to fund it myself through construction loan, on sell or look for investors.

My other option is buy another existing apartment close to cbd of Brisbane with a long term growth rate around 6-7% pa compounded

My issue is Brisbane is the only location I can afford to develop. Risk is flat to no growth with development option or stick with inner city apartment with long term outlook which is safe and proven method in the long term but will not satisfy my financial goals over the next 5 years

AND FOR 2018

Bought 1 apartment in Brisbane
Couldn’t get financing at the last minute on another from incompetent broker BUT cash flow has dried up in construction the last 6months so keeping my cash deposit was a blessing In disguise

2019 life goals

Property goals as above

Business goals is to build a new business - just not sure what yet!



30 yo / Sydney male here

 

Best wishes mate, it sounds like you have done well.
At age 30 I felt I was never going to reach my target. I had 4 kids a wife and my business was myself and one staff member working from home. The 90s was a difficult investment climate with very little real growth.
My business is 32 year old body corporate management company.
I feel the wealth comes from
buying underrated properties in tough times. I would not trust myself to buying outside my zone of knowledge.
Time in the market and gearing of the property.
Taking advantage of the 50% CGT deduction available to real estate owners that is not generally available to developers.
I also don’t think that hitting your goals is as important as having a good life which is why I risked my financial future by having four kids before I turned 30.
No need to rush a good plan, it comes through in the end, like parenting, resiliance, tweaking plans and perseverance is everything and you seem to be well on your way.