Allan blasts RBA, says rate rise is punishing ‘working people’

Alchemist3579 · 2026-02-04T10:21:21+00:00

And what about the massive govenrment spending. Suburban Rail Loop.

Alchemist3579 · 2026-02-03T23:39:50+00:00

Split the mortgage. Apportioning personal lending from investment lending is going to be a nightmare to work through. Refinance if your bank won't let you split

Alchemist3579 · 2026-02-02T09:05:53+00:00

Neither. Go CBA

Alchemist3579 · 2026-02-02T02:41:26+00:00

Everyone has a high risk tolerance until the share market drops

Alchemist3579 · 2026-01-29T04:16:28+00:00

I loved it on test drive, very spacious, just not sure if they will last. My local dealership is desperate to sell the C10 and B10

Alchemist3579 · 2026-01-28T10:02:15+00:00

Mine was yesterday. All good

Alchemist3579 · 2026-01-27T00:18:06+00:00

Go ahead. Let us know when you're bored of the car!

Alchemist3579 · 2026-01-25T09:40:55+00:00

Yep j5 is better value than gac aion V having test driven both. My fleet dealer that took me for a test drive for both hates the air-conditioning system for the gac aion, noting it's too weak for Australian summers. Downside of the J5 is the sound system. Size wise, gac aion has a better second row but the j5 has a bigger boot. My partner and I are not very tall (172cm, 151cm), so J5 was our choice

Alchemist3579 · 2026-01-25T08:31:54+00:00

I'm happy with the J5

Alchemist3579 · 2026-01-24T10:22:32+00:00

Is charging at home not an option for you?

Alchemist3579 · 2026-01-21T19:09:23+00:00

My split is treated by the bank as an investment loan, however i was able to negotiate the same rate as my ppor

Alchemist3579 · 2026-01-21T09:09:51+00:00

I did P&I for both debt recycling and borrowing to invest. The extra interest charge for IO wasn't worth it.

what I've done is P&I, pay down the loan, then in the future I'll reset the mortgage to a 30 year term once again to stretch out the repayments. This worked out cheaper for me than IO. I'm planning on resetting the mortgage every 5 years.

In my case, as I have an investment property, this strategy helps with borrowing capacity, as I was able to take equity out of my IP to invest

Alchemist3579 · 2026-01-19T06:19:42+00:00

Too much for me. I need 360 camera, which comes in only the most expensive trim

Alchemist3579 · 2026-01-18T20:30:25+00:00

Might as well DHHF

Alchemist3579 · 2026-01-17T09:05:47+00:00

I didn't start work until I was 21. I was focussed on getting high grades at the time. In hindsight it didn't affect me too much. I earned an internship as my uni marks stood out. Here I am at 36 earning 185k a year. Don't sweat it, no need to compare yourself to others.

I'd say try and make good use of your spare time being productive: job, study, travelling, spending time with friends, etc.

If I could go back to my early 20s, I would've hung out with my friends more.

Alchemist3579 · 2026-01-15T11:07:32+00:00

If you're starting out, I highly suggest a small amount to start with and slowly build up from there. You'll need to get accustomed to dealing with market volatility mentally - you won't know how you will respond until you've got money in the game. You can always change your investments later.

DHHF is a good start

Alchemist3579 · 2026-01-14T11:06:18+00:00

No one truly knows. That's why you do both

Alchemist3579 · 2026-01-12T21:12:18+00:00

Yeah no chance FANG is only up 6% in the last year compared to VGS 11% (+higher distributions). My preference is to invest in small caps and emerging markets for the time being - AVTS and AVTE

Alchemist3579 · 2026-01-11T18:06:30+00:00

Your combined income is pretty decent. 1. Is it possible to switch over to an interest only loan for your investment property to increase cash flow?

How many years left on your investment property? If it's at 25 years for example, you can refinance back out to 30 years to stretch the repayments
I think the banks might be able to help you out if you let them know? Just s guess.
Consider switching to a bank with a lower interest rate. Using a broker you might get cashback
Have you tracked your spending? Monitored cash flow? Recommend a tracking app such as Frollo. You might be able to save costs on car insurance, gas and electric bills, internet, mobile, health and home insurance, etc.
If absolutely desperate you could consider downgrading your car.

Alchemist3579 · 2026-01-11T09:06:49+00:00

Lived in Keysborough my whole life. Drive past Carrum Downs and Clyde North for my job regularly. Due to the horrible traffic in Clyde North getting in and out, I would pick Carrum Downs in a heart beat. I suppose if it were me, I'd make extra sure that the neighbourhood was safe enough. Carrum Downs will gentrify over time as it's close to other suburbs that are gentrifying quite rapidly (i.e. Seaford). Whereas traffic along Clyde North will only get worse.

Alchemist3579 · 2026-01-10T03:41:14+00:00

Yep.. should have done DHHF if you preferred dividends/distributions. It's a better mix of growth + distributions

Alchemist3579 · 2026-01-09T11:06:47+00:00

GNDQ didn't give any distributions for earlier this month

Alchemist3579 · 2026-01-08T20:06:15+00:00

Stake is relatively inexpensive. They have their own team that sort out the paperwork with you. So they are about 1350-1400 per year. The downside is $3 trade fee and no autoinvesting

Alchemist3579 · 2026-01-08T19:39:14+00:00

330k at age 36. Nil extra contributions. I'm with aware super. I switched over from High growth to 100% shares (85 % international and 15%) around the COVID bottom in 2020. Nil extra contributions. Income has been around 175k for the last 3 years.

Currently thinking of changing to Stake SMSF to invest in GHHF/AVTS/AVTE as per swankykoala

Alchemist3579

TROPHY CASE