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Poll: New financial year, what is your top priority in next 12 months?

Discussion in 'General Property Chat' started by Blueskies, 1st Jul, 2016.

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Poll: New financial year, what is your top priority in next 12 months?

  1. Buy PPOR

    10.9%
  2. Buy first IP

    3.3%
  3. Add another IP to portfolio

    34.8%
  4. Renovate

    15.2%
  5. Buy commercial property

    2.2%
  6. Develop

    17.4%
  7. Start/Grow on business

    22.8%
  8. Invest in other asset class

    27.2%
  9. Deleverage

    21.7%
  10. Retire/live off rent/equity etc

    10.9%
Multiple votes are allowed.
  1. Blueskies

    Blueskies Well-Known Member

    Joined:
    24th Aug, 2015
    Posts:
    190
    Location:
    Brisbane
    Hi,

    Just curious what people's focus is for the next 12 months, able to select more than one. For me it is renovating my ppor and buying one or two more IPs. I know some may have additional but I ran out of spaces on the poll!
     
  2. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Renovate, buy next IP.
    Will research developing as well.
     
  3. Mick Butterfield

    Mick Butterfield Well-Known Member

    Joined:
    15th Jan, 2016
    Posts:
    408
    Location:
    Bermagui NSW
    Looking to really map out a finance plan and aquire some more properties. Think it is going to be a big one this year!
     
    Leo2413 and Jess Peletier like this.
  4. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
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    2,122
    Location:
    FNQ
    I voted for 3 options deleverage, invest in other asset classes and add another IP. I don't think that's a contradiction provided debt is reduced somewhere.
     
    Perthguy likes this.
  5. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    731
    Location:
    SA
    Possibly add another IP.

    But I am looking for a change in job so might not happen
     
  6. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,378
    Location:
    Somewhere in the land of Oz
    Add another ip
    Look into other asset classes as I'll be out of the game for a bit changing jobs etc. Know a fin planner so might see what he has to say
    Also look into other income stream/business and possibly some studies (yuck)
     
    Leo2413 likes this.
  7. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    1,010
    Location:
    Brisbane
    Just have fun and enjoy life.
     
  8. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    412
    Location:
    Darwin
    Buy my family a house. :)
     
    Jess Peletier and TheGreenLeaf like this.
  9. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,423
    Location:
    33°41'24.7"S 150°55'34.3"E
    I'm in the process of searching for my next IP. Also topping up a portfolio of shares and ETFs.

    I'm going to take more control of my super so I'm going to shift 80% of my funds towards direct investment in a selection of ETFs within my super fund. Waiting for the June 30 results to appear so I can decided how to invest the remaining 20%. Thought about an SMSF but they seem too complex and fiddly as well s being an administrative burden.
     
  10. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,105
    Location:
    NSW
    Build PPOR, deleverage and invest on different asset class... if 12 months is enough time :confused:
     
  11. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

    Joined:
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    Location:
    Sydney
    12 months is plenty of time... don't underestimate what you can do in a year....

    Just have a plan, what will you do by next month. Write it down. Review it regularly and tick off what you completed. Can be little and big things, like engage a builder, get a loan etc. Share it with us/me to keep you accountable. Next month, update it - write your new goals. Continue doing this every month... you'll get more achieved than you would have thought 12 months ago. :D
     
    EN710 likes this.
  12. Sonamic

    Sonamic Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    946
    Location:
    Sunny QLD
    I also voted for 3. New PPOR. Invest in other asset classes and deleverage. Though current PPOR will become an IP so I guess that's 4 votes by default. :rolleyes:
     
  13. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,105
    Location:
    NSW
    :oops: My savings ability is kinda limited to the job at the moment, have planned the finance for the entire year including the move but I wish it could be better-faster
     
  14. drg86

    drg86 Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    273
    Location:
    Newcastle
    Finish renovating current PPOR
    Land settles for new PPOR later this year
    Sell an IP
    Build new PPOR on our block early next year
    Covert current PPOR into IP

    Wow, writing that out I have a big 12 months ahead :eek:
     
  15. peastman

    peastman Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    118
    Location:
    Melbourne
    Retirement looks probable within next year or 2. Spreadsheet says we can do it anytime we want.
     
    Cactus, ellejay, Toon and 2 others like this.
  16. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    4,906
    Location:
    Sydney
    My goals atm are to sell an IP, then use that freed up money to buy something/s with better cashflow and probably better future (near term/mid term/long term) CG.

    That something i'm not sure of just as yet... maybe commercial or a land banking play (Recently rezoned land or a heck of a great location) but also giving good current yields.

    For me, CG is all about looking at future demand vs supply. High demand with low supply --> higher future prices...
    But must remember cashflow. I want a cashflowing investment with likely CG.

    Edit:
    So anyway... if tldr....
    I plan to sell 1 IP and buy something to replace it with better cashflow and possible CG. End of story. :) The how and what are secondary questions.
     
    Last edited: 2nd Jul, 2016
  17. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,516
    Location:
    Sydney
    Stop working is the only goal this year.
    Will live off rent while doing all the things I didn't have time to do before.
     
  18. Jerry O

    Jerry O Well-Known Member Premium Member

    Joined:
    21st Jun, 2015
    Posts:
    360
    Location:
    NSW / Melbourne
    voted for start/grow business and invest in other asset class.
     
  19. skater

    skater Capitalist Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,411
    Location:
    Sydney
    I voted live off rent even though that's what we're currently doing. Not planning on making any changes.
     
    Cactus, ellejay, Toon and 1 other person like this.
  20. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    4,906
    Location:
    Sydney
    I think I would set your priority to be, see what you can do to build savings/equity and take action in improving that.... that would be my advice to you looking at your situation from my pov. Once you have that you can move on better/quicker.....
    You know I airbnb... could you do that?
     
    EN710 likes this.