What to do.

Discussion in 'Share Investing Strategies, Theories & Education' started by Bully, 2nd Dec, 2019.

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  1. Depreciator

    Depreciator Well-Known Member

    Joined:
    15th Jun, 2015
    Posts:
    1,963
    Location:
    Sydney
    It would be a lot more overwhelming if you were 52 and renting with no savings and not much super. I like the idea of working out where you think you might like to retire and buying there.
     
    BuyersAgent and Brady like this.
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,319
    Location:
    Sydney
    If you looked backwards 8 years and consider what property values did in that time then consider what they may do in the next 8 it makes considering a home worthwhile and not a property in a retirement location as that 8 years off. .Depends too if you elect to borrow some, all or use cash to buy. The tax free growth and the exchange of taxable income on investment income for eliminating the after-tax cashflow of rent are also worthy to consider.
     
  3. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    20th Jun, 2015
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    1,401
    Location:
    Oz
    Hi @Bully - you have lots of advice and strategy comments above so I won't repeat that. I speak as one who left Sydney around 12 years ago now and have no regrets living on the amazing south coast. (even though the bushfires are a bit close for comfort this week) - if you ever want to chat about the coastal options and their various pros and cons feel free to drop me a line.
     

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