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What 'mode' are you in?

Discussion in 'General Property Chat' started by Blacky, 24th Nov, 2015.

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What mode are you in for 2016?

  1. Growth (purchasing)

    67 vote(s)
    63.2%
  2. Debt reduction/saving (but not selling)

    32 vote(s)
    30.2%
  3. Consolodation (wait and see/maybe selling)

    13 vote(s)
    12.3%
Multiple votes are allowed.
  1. Blacky

    Blacky Well-Known Member

    Joined:
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    Bali
    Following on from the Goal Setting thread.

    Is it just me or is there a general trend to be focussing on 'debt reduction', 'savings' and 'consolodation' with everyones plans 2016. As opposed to other years we have done this where there was a much larger focus on growing the portfolio?

    Not sure, maybe the sample size is wrong.

    Blacky
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    5,578
    Location:
    Adelaide, SA
    Growth phase, for both business and property
     
    Brian84 likes this.
  3. hobo

    hobo Well-Known Member

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    FNQ
    I voted debt reduction, although it's a temporary phase (another year or maybe two). Then we will be back into growth mode again.
     
  4. dmb1978

    dmb1978 Well-Known Member

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    Location:
    ACT
    I voted debt reduction as we are at peak for LVR and maternity leave kills serviceability.
     
  5. Xenia

    Xenia Adelaide Property Manager Business Member

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    Location:
    4/136 The Parade Norwood, South Australia
    Always growing
     
    Leo2413 likes this.
  6. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
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    Location:
    Ocean Reef, WA
    "stuff it" mode, otherwise known as "jaded and have other distractions so will get around to it later, when i do"
     
    tobe, pugstar205, Teddy and 3 others like this.
  7. chylld

    chylld Well-Known Member

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    Location:
    Sydney
    voted last 2... debt recycling on ppor and cashing in a sydney IP for managed funds
     
  8. Wall Street

    Wall Street Well-Known Member

    Joined:
    22nd Oct, 2015
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    Location:
    Melbourne
    Debt reduction - but only to get me back to decent serviceability. Then it will be back to growth, growth, growth!
     
  9. See Change

    See Change Timing Lord Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,142
    Location:
    Sydney
    2015 , end of buying
    2016 consolidation . Depending on how quickly Brisbane moves , maybe more buying late 2016 , 2017

    Cliff
     
  10. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
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    Location:
    Mornington Peninsula
    None of the above.

    Thinking about what the hell to do next.

    LOL!!

    I'm sorta the same.
     
    ellejay and Teddy like this.
  11. Azazel

    Azazel Well-Known Member

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    Brisbane
    Sounds like you both need a holiday!
     
  12. joel

    joel Well-Known Member

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    Adelaide
    Everything's just starting to gain traction for me. It's time to grow like bamboo baby
     
    D.T. likes this.
  13. Bayview

    Bayview Well-Known Member

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    Location:
    Mornington Peninsula
    Just had one!! :p....need another one already.:eek:

    But nah; the passion for resi IP's is gone for me.

    No interest in headaches without serious cashflow to reward the effort.
     
    Doncossack and Blacky like this.
  14. charttv

    charttv Well-Known Member

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    Location:
    Perth
    +1 *high fives Aaron*

    time for a holiday methinks
     
    Aaron Sice likes this.
  15. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Location:
    Perth
    Still growing. I can't help it, even in a bleak market I still see opportunity. I will do some selling next year though - one in Catalina and 2 in Highgate to put some money back into the coffers so I can probably buy more :p
     
  16. OC1

    OC1 Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    212
    Location:
    Melbourne
    Growing but selling aggressively too. Too much momentum to slow down.
     
  17. beachgurl

    beachgurl Well-Known Member

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    18th Jun, 2015
    Posts:
    455
    Location:
    Sydney
    I'm looking to buy a few more CG properties but rather than add to the portfolio, for each that I buy I want to sell a regional cash flow positive property. I'd rather use my limited time and brain capacity for small developments than bothering with tenant arrears, maintenance and other issues more prevalent with low end properties
     
  18. sash

    sash Well-Known Member

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    19th Jun, 2015
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    Location:
    Sydney
    Talk to MTR...she is doing this....
     
  19. Michael_X

    Michael_X Mortgage Broker Business Member

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    Location:
    Gold Coast/Sydney
    Sitting on the sidelines until I have 2 years worth of tax returns, then go hard again. Can't wait!
     
    York, Nick14, tobe and 2 others like this.
  20. Wukong

    Wukong Well-Known Member

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    18th Jun, 2015
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    213
    Location:
    NSW
    Going down to single income means debt reduction and saving up. Prioritizing elsewhere while monitoring the market. Never say never!
     
    Sannie likes this.