Hi folks, Been reading and lurking around a few newsletter and investment sites and am no moving into the action phase. As a young fella I had a 4 property retirement plan...but was soon dissuaded by the golden promise of superannuation. 30 years later I believe I was right. So, kids now off our hands the family home some 70km from CBD was sold and we have moved to a mere 19km from CBD. Borrowed what bank would finance so we could have funding for an IP. From my lurking it seems sub $450k is the sweet spot - I assume to keep it neutrally geared. Anyway so much I dont know, and while I figure we are near top of the market I figure with only 10yrs till retirement I just gotta jump in boots n all and till I learn more keep basics of proximity to schools, shops and public transport. Cheers
Started looking in regional Victoria, then thought a unit Carnegie/Oakleigh, then house Maidstone/Footscray, now thinking house around Frankston/Seaford. Primary goal is moderate growth, neutral gearing and scope to improve or develop later on.
Welcome @Ghoti. You'll learn heaps here - good to have you aboard With a 10 year investment horizon you have time, but not an abundance, so be a sponge, learn a lot and also make sure you have thought about your exist strategy (how to go from here to retired). And be open to buying where you feel you'll have the best chance of reaching your goal, not necessarily where you know now. In addition to property, do you have other investments outside super? Be sure to look at the full picture to work out what's best for you keeping in mind your timeline and risk profile.
Hi @Ghoti Welcome to the forum. If you are interested in getting to know some of us a bit better, we regularly have a bit of a get together. Melbourne East group meets on the 2nd tuesday each month at a suburban pub, the next one will be on 14th June at 7PM Grandview Hotel Bistro 429 Heidelberg Rd, Fairfield (Cnr Station St.) Fairfield, VIC, Booked under "Property Chat" Melbourne West meet at different times. Full details are posted here Networking & Meetups There is no cost (other than optional meal or drink) and no agenda, just come along and chat to other property people.
Thanks Steven. Previous investment forary ended in tears so left with just Super...and very little there to show for my contributions. And thanks for the invitation peastman. Saw yhat elsewhere in the forum. Wife and I have an appointment this Tuesday. Hope to make the next meet up.
