New here from Sydney

Discussion in 'Introductions' started by OTOT, 23rd Jan, 2018.

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  1. OTOT

    OTOT New Member

    Joined:
    16th Jan, 2018
    Posts:
    1
    Location:
    Sydney
    Hello everyone,

    My name is Matt, I'm 25 from Sydney, and currently living in the Hills District (with my parents). I have been lurking these forums for a while now and initially wasn't planning on posting anything at all. However, after reaching out to @Taku Ekanayake and having a very informative chat with him, I found myself wanting to network with other people of similar interests and wanting to learn a lot more as my knowledge with property is very limited - so you'll find me asking a lot of questions.

    A little about myself, I work full-time in Hospitality as a chef. I enjoy traveling overseas and seeing the world (caught the travel bug), besides that luxury I try to live frugally. I Currently own 2 IP's (1 bed apartment in Sydney & 3 bed house in Melbourne) and looking to purchase the third - however I've hit the serviceability wall for now and I'll be looking to reassess my borrowing capacity at the beginning of the new financial year and evaluating whether I can take action to purchase.

    Next step: Looking into purchasing 3rd IP - potentially in Brisbane. Will be researching a lot and asking plenty of questions regarding Brisbane property market - also looking for advice from those who have bought properties interstate (With or without a BA)

    Long term goals:
    - Purchase a PPOR & have it fully paid off
    - Achieving 80k passive net income (realistically can comfortably live off 55k-60k - but heck may as well aim big!)
    - Retire in 40's

    Looking forward to learning more through the PC community as well as meeting some of you!
     
    Taku Ekanayake and jefn89 like this.
  2. jefn89

    jefn89 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    183
    Location:
    Sydney
    Hey Matt!

    Welcome to the community and congrats on all that you've done to date..
    I'm from Sydney as well with similar goals although a bit behind (on 1 IP) with a few other investments although a heck load of travel experiences

    If you head along to the next PC chat in Sydney keep to have a chat and a beer :)
     
  3. Eric Wu

    Eric Wu Well-Known Member Business Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia