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

Discussion in 'Investment Strategy' 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 vote(s)
    10.8%

  2. Buy first IP

    3 vote(s)
    3.2%

  3. Add another IP to portfolio

    32 vote(s)
    34.4%

  4. Renovate

    15 vote(s)
    16.1%

  5. Buy commercial property

    2 vote(s)
    2.2%

  6. Develop

    16 vote(s)
    17.2%

  7. Start/Grow on business

    21 vote(s)
    22.6%

  8. Invest in other asset class

    25 vote(s)
    26.9%

  9. Deleverage

    20 vote(s)
    21.5%

  10. Retire/live off rent/equity etc

    10 vote(s)
    10.8%
Multiple votes are allowed.
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  1. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    Family
    Personal development
    Looking after my existing clients and business.
     
    Xenia, 2nd Jul, 2016
    #21
  2. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    10,282
    Location:
    Sydney? Gold Coast?
    You could de-clutter via Ebay, Facebook or Gumtree. Yes, only small amounts, but they add up, especially if you've got a lot. Someone else here is Ubering....could that be a solution?
     
    skater, 2nd Jul, 2016
    #22
    EN710 likes this.
  3. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,218
    Location:
    Melburn
    Not at the moment, we are in 1 bed apartment. Would be keen to see the airbnb option when we move out though. Won't be doing it on the new PPOR as we dont like the idea of staying with strangers :oops:
    @skater we still use most of our stuff, so not much waste. Can sell several items before we move next year. I can't drive yet and neither have the time to. Most possible way is new better paying job, or hobby on the side (i do little paintings)

    Looking at posts from others, I have these breakdowns:
    - finance approval for ppor build - need the current job at least until settlement, then will see if i can get a contract job that pays better
    - settlement of land in november - deposit and stamp duty dues
    - PPOR build start and finish
    - flying several times in H1 2017 months to check the build
    - farewell party (well, bbq)
    - prep for interstate moving - removalist company then drive down for 10 hours
    - IP fixes
    - find new job in new state, one that will give me enough time to settle in first and pay superbly well o_O
    - make current PPOR an IP (gotta ask you for good PM ... or even airbnb it)
    - some holidays in between.... thinking WA long weekend and NZ long weekend
    - apply for my citizenship
    - savings and investing the moolah would happens along the way, kind of o_O
     
    EN710, 2nd Jul, 2016
    #23
  4. Marg4000

    Marg4000 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,421
    Location:
    Qld
    Enjoy retirement.
    Many interstate and intrastate trips to visit family.
    Spend time wth family and friends.
    Another 6 week international trip.
    Marg
     
    Marg4000, 2nd Jul, 2016
    #24
    Cactus, ellejay, Sackie and 3 others like this.
  5. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I would have liked that except for the yuck part. Studies are awesome! I want to go back to uni or tafe.
     
    Perthguy, 2nd Jul, 2016
    #25
  6. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    I wish you had another category/priority......

    Have the bloody best life I can........ tick
     
    MTR, 2nd Jul, 2016
    #26
    Sackie likes this.
  7. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Ive got no problems with learning but the thought of uni makes me sick. I did start doing an online course and it was the most confusing, irrelevant, political rubbish I've been involved with unfortunately. For an education facility it seemed they were lacking in the smarts dept.
    I will need to bite my tongue, play the game and try again :)
     
    bob shovel, 2nd Jul, 2016
    #27
    Perthguy likes this.
  8. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Go on another holiday to Europe....this time for 6 weeks.....secondary item is to bloody get the last 2 builds sorted.....one is on it way...but 2 others still to start. One the land will not settle till Nov/Dec...annoying...
     
    sash, 2nd Jul, 2016
    #28
    Cactus and EN710 like this.
  9. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    Grow biz.
     
    Steven Ryan, 2nd Jul, 2016
    #29
  10. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,415
    Location:
    Gold Coast
    @Marg4000, you cheated. Your list is the same as mine. I summarised mine into a one liner as I am trying to shorten (no relation to the soon-to-be ex-leader of the ALP :) :)) my posts.
     
    kierank, 2nd Jul, 2016
    #30
    Marg4000 likes this.
  11. barnes

    barnes Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    674
    Location:
    Adelaide
    Finish PPOR, sell the last IP, preserve what I have during an upcoming crash. Probably get back into the workforce one way or another. This investment thing is pretty boring, :( time to shake my life a bit.
     
    barnes, 2nd Jul, 2016
    #31
    Perthguy likes this.
  12. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Fertiliser + @Biz ? :D
     
    bob shovel, 2nd Jul, 2016
    #32
  13. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    Steven Ryan, 2nd Jul, 2016
    #33
  14. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    4,144
    Location:
    Inside your device
    *Reduce debt on our recent PPoR purchase loan, ready for a knockdown/rebuild in late next year.
    *Finish off the Ubud Holiday Villas project and get it operational by Sept this year.
    .
     
    Bayview, 2nd Jul, 2016
    #34
    Cactus, EN710 and Perthguy like this.
  15. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    More developments.

    Thoroughly enjoy the journey and life.
     
    Sackie, 2nd Jul, 2016
    #35
    Cactus and MTR like this.
  16. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Oh dear. You have just described my uni :(

    second time round I found this a lot easier to do. But yes, this is exactly what you need to do. Basically, play the game, do what is expected and get good marks even if you don't agree. It sounds grim but I found I could still get a lot out of my studies while doing all that.

    what were you studying by the way?
     
    Perthguy, 2nd Jul, 2016
    #36
    bob shovel likes this.
  17. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    I'm so full of crap I self fertilise
     
    Biz, 2nd Jul, 2016
    #37
    Bran, Cactus, Bayview and 3 others like this.
  18. norwoodman

    norwoodman Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    383
    Location:
    Adelaide SA
    I've just changed to a higher paying job so no purchasing any more properties for me in the short term. I had just settled on another property before changing jobs (don't want to go through that again, bad idea).

    Main focus for me is getting on top of maintenance and renovating the current IPs, with a very remote outside chance of buying again before the end of the FY.

    I might move rental properties myself in the next few months. Starting to see some really good discounts on rents in some inner city apartments around Brisbane. And if I ever pick up enough annual leave, I might sneak off overseas on a quick jaunt (overseas on work doesn't count).
     
    norwoodman, 2nd Jul, 2016
    #38
    Bran likes this.
  19. norwoodman

    norwoodman Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    383
    Location:
    Adelaide SA
    Part time or full time? I don't think investment was ever meant to be exciting. :D
     
    norwoodman, 2nd Jul, 2016
    #39
  20. LibGS

    LibGS Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,027
    Location:
    Melbourne, Australia
    To try and start my New Years resolutions 6 months late.
     
    LibGS, 2nd Jul, 2016
    #40
    Bayview likes this.
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