What's your story

sure like to share: Wynnum, Birkdale, and Cleveland. like these bayside suburbs.

 

I started a new thread MTR
https://propertychat.com.au/community/threads/currency-at-work.5348/

What I didnt mention was my strong belief that the AUD will fall (which as you know I have been harping on about for the last 12months or so).
I held quite a load of USD cash as well as GBP cash. I converted a good chunk of GBP to AUD (a touch early) at 2:1. This was used to reduce debt.
I have not leveraged currency at this point.

I have also been buying into VTI (US total market) in the US. Given my belief that the US market will be stronger than the Aus market in the near term. I tossed up between VTI and VTS. With hindsite VTS has performed better, however, with Australian tax considerations they are fairly close to being level. I will probably look to purchase VTS through my Australia next - which will allow some leverage (Im pretty conservative with leveraging the stock market so will probably only go to 30-50%).

I continue to hold both of these currencies with the view to continue to buy into the US stock market. Im sitting on the sideline of international property for the time being, satisfied with our current exposures.

Blacky

 

I'm going to go 5 years.

Beginning 2011 had a ppor, no ip's and a husband who refused to invest...

Fast forward 5 years I have a new partner (who is very nice and extremely handsome) and between us we now have more than 10 ip's.

 

3 years ago, I had 1 PPOR, 1 child and 1 beautiful wife.
Back to the future, I have 1 ppor, 3 IPs, 2 children and with the same beautiful wife

 

well done- kicking goals!

 

Yes, bought at the right time in brissy- about 3 yrs back- near the bottom of the market and have ridden a steady growth YoY since.
Mostly dumb f--- luck though; had not much of an idea [as I was fairly new to brassy and didn't know right from left- now I'm hyping it for all its worth].

 

Since 2012 we have added 3 properties and 9 sets of tenants.

Cash flow from investing has gone from obscenely negative to nicely positive (if we could just leave we enough alone !) - there has been a fair bit of equity gained too - but if @sash is right we might have to hand that back.

It has been possibly the most eventful 3 years we have had on the financial side of things - be nice if it could keep going just a little bit longer.

 

Yep....be prepared to hand back...I know I have ...I have provisioned for a 10% drop across the Sydney & CC portfolio...thems the breaks....

 

Last 3 years in a nut shell ( both investing and none investing )

• Brought our PPOR starting 2012 (massive Reno job)
• Brought IP in vic, not so great returns
• Got married!!
• Wedding, yay!! Expensive party
• .... Yay!!! Overseas wedding continues, even more expensive party
• Brought a development land
• Sold my beloved bike....
• Got fatter and less fit
• Holidays....
• Re structured our loan, hiccups along the way
• Got development plans approved, thumbs up
• Our family went from family of 2, to a family of 3.
• Got a new job, working on another...
• Met tonnes of teachers along the way.

All I can think of at the moment!

 

How is Daisy going

 

Last three years...
- Bought 4 properties between end of 2012 and mid 2013. One more in 2014.
- Got DA approval for a 7 level building. Started working on CC.
- First child went to kindergarten.
- Second child born this year.
- Got cold and flu many many times (probably hard to avoid when having kids)

 

Awesome. What's the plan here? How many units? Do you plan to build it?

 

50 units + 6 retails. Yes we are planning to build it.

 

Last three years for me has been more about finding stability and getting started rather than building and expanding which I'm only just getting to now.

- Moved to Gladstone (2012)
- Bought an IP in Rockhampton (2013), recently revalued same price bought it for, done nothing in 2 years
- Moved to Christchurch (2014)
- Moved to Adelaide (2015)
- Moved to Brisbane, still here (2015)

Moving frequently is downright expensive and time consuming and has thrown a bit of a spanner in the works at times. Just about ready to get going on IP #2 in early 2016 though.

 

Sounds interesting- what type of businesses do you build and who do you sell them to?

 

I did London to Melbourne at the start of this year. Shipping is surprisingly inexpensive, but overall it's not a cheap pastime.

 

Cool. I'm really keen to learn.

Can you run through the process you got to this stage? Feasibility, acquisition, design, planning, finance, exit strategy, etc.

 

Wow - have you done this type of thing before ?

That sounds like a massive project - would love some details about it.

 

10% would be OK - anything more than 15% down for a substantial time period and there might be some regrets.

At the moments we are taking the advice and waiting until we ca mange the tax side of things a little better.

 

Better to work out tax loss vs loss via pricing coming back.....already seeing things which have sold for 1.2-1.3m now with offers of 950k plus.

Assuming it was bought for 600k and sold for $1m. It would be only a 400k gain vs a potential 600-700k.

If sold say for 1.2m...and have say 50k (stamps, sell) ....you would have 550k profit. Apply the 50% CG discount..and you have 275k added to income. Lets say you pay 40% if it 110k. ...you are still left with 440k!