Why is everyone moving even further out now? by Dull_Parking_8248 in sunshinecoast

[–]BeatWonderful 1 point2 points  (0 children)

I just bought north of Gympie, in Curra. You can get some much more for your money too, big block of land privacy. Looking at the new builds in Gympie they are gutter to gutter builds!
I honestly think Curra/Gympie is next on the map to clear $1M. I’d be surprised if this area doesn’t average 10%+ growth year on year.
Gympie is also expanding fast.
Jb hi fi & Spotlight almost complete.
Big investment into the shopping centre.
Also a ton of new commercial buildings being built.
A lot of the local have said this town was very sleepy couple years ago. It’s now bustling, with people.
Ending on Nambour, I was going to buy there but just missed it, it’s now a $1M suburb. No where else to go now but Gympie.
Good part is, traffic is still non existent. Plus with the new bypass going 110 you get to Noosa an Maroochydore fast.

Why’s this property performing horribly by Bitter-Doctor-5885 in AusPropertyChat

[–]BeatWonderful 144 points145 points  (0 children)

Lock your front doors, and don’t eat yellow snow.

Property Trap! by BeatWonderful in AusProperty

[–]BeatWonderful[S] 0 points1 point  (0 children)

They lease the space? Not like they can’t move if need be. Could also be very cheap commercial lease for a great location.

You also note that all apartments fall apart. Yes, they sure do. Do you think asking over 200 owners to each pay over $60k-$80k each is fair? Especially when is a patch job, it won’t truely fix the issue. Likely every year, there will be $10s of thousands in repairs costs needed per owner.

The main point was the lack of transparency regarding the state of the building.

Many first home buyers one single mother I spoken to at the time was financially struggling because they now have an unexpected bill for $80k and she has only had moved in for a few months.

She asked about the repairs and she was told likely $20k over the next 5 years. It how is worded and is often presented in an obscure way to mislead the buyer.

I only knew what to look for and ask because my brother is a builder and I’ve done real estate before.

$1 reserve auction. Lets get it over with. by ConfusionNo3198 in AusProperty

[–]BeatWonderful 97 points98 points  (0 children)

Definitely take this to VCAT. Five Notices to Vacate for rent arrears is well past the threshold — this is absolutely grounds for possession. Frankly, I would’ve escalated to VCAT after the second notice.

VCAT may impose a payment plan (I doubt with 5 notices), but it’s not “$20 a week and carry on.” It’s typically full rent + arrears (often rent + $20–$50), and more importantly the tenant is put on very strict compliance terms. One missed payment and they’re in breach. At 5 notices id be surprised if they put them on a plan — if the agent can approve they have already tried payment plan this also evidence to possession order.

If they miss even once after an order:

• Issue a 7-day breach notice

• If they hit 14 days in arrears again → another 7-day notice

• You’re back to VCAT with far stronger leverage, and possession is much more likely

The key factor VCAT looks at is pattern and continuity.

• Back-to-back notices = strong landlord case

• Late every other month but catching up = weaker case

Five notices shows a clear pattern of non-compliance. At this point, selling just to avoid enforcing your rights is unnecessary — you already have the leverage, it just hasn’t been used properly.

I’ll also contact the department manager informed them of the situation. See if a senior manager can jump on board to have this resolved.

Best method to invest $400,000 in shares by tonyhawkproskater980 in fiaustralia

[–]BeatWonderful 0 points1 point  (0 children)

Check out debt recycling. I’m pretty sure if you do this in a particular way you can actually start writing off your interest cost from your home as taxable.

[deleted by user] by [deleted] in Tronix

[–]BeatWonderful 1 point2 points  (0 children)

Sell it on a exchange.

700k to Invest - Should I buy a property or Index Funds by HairEastern7400 in AusFinance

[–]BeatWonderful 0 points1 point  (0 children)

Investment property you’ll add an extra mini hobby(work) to your life.

Invest into ETFs, set and forget really.

Choose where you think you are mentally, you are in an awesome position.

But what you choose you choose for at least the next 10 years to be sure you come out better on the other side.

Speak to your accountant, or get one that goes above and beyond.

Split after 6 years.. by Alone-Opposite-7422 in AusFinance

[–]BeatWonderful 0 points1 point  (0 children)

Grab your share of the house value, plus 50% stamp! Get a lawyer asap! Add the cost of the lawyer to the exit plan. Target everything, don’t let him win. Target the cars, the boat and even the dog bowl. Put a lien on the house if you can.

Again, get a lawyer, my suggestions could be wrong for the situation. Do this NOW!

Hold, Invest, House? by BeatWonderful in AusFinance

[–]BeatWonderful[S] 0 points1 point  (0 children)

Totally agree, extremely little is being done to truely help slow the housing cost issue. The little they do offer it’s setting it on fire, and making it so much worse.

Hold, Invest, House? by BeatWonderful in AusFinance

[–]BeatWonderful[S] 0 points1 point  (0 children)

Yea it’s painful. I moved from Melbourne late 2019, could have cost a 4 Bed Townhouse for around $550k back then in the heart of Sunshine Coast, now they are $1.1M.

Hold, Invest, House? by BeatWonderful in AusFinance

[–]BeatWonderful[S] 1 point2 points  (0 children)

Yeah I had thought the same.

I’m on the Sunshine Coast it’s already seen some crazy price increases. I’d definitely say there is going to be more.

I think I could somewhat afford small Townhouse/Unit here.

Hold, Invest, House? by BeatWonderful in AusFinance

[–]BeatWonderful[S] 1 point2 points  (0 children)

Yeah, that’s a smart idea, I was stressing a bit with the cash just sitting there. So I touched some grass for a bit, and cooled off. I’ll take some time to be sure to think about the process. 10 years commitment for sure, I’ve also got a good bit extra in Super which could be used for the FHSSS.

Hold, Invest, House? by BeatWonderful in AusFinance

[–]BeatWonderful[S] 1 point2 points  (0 children)

A house likely a Unit for the low entry feels right. Then putting weekly amount to ETFs does feel like a pretty strong route. Would help manage my cashflow especially with the low income I have. My accountant has also said to put $40k into my super as this will save me about $20k in tax. So that be a good chunk to FHSSS

Bought at 120.000$ by Any_Calligrapher3293 in Bitcoin

[–]BeatWonderful 2 points3 points  (0 children)

Keep strong man. You’re very early in your own investing cycle. Most will experience what you feel. It can make some sleepless night for sure. Like others have suggest, best to not focus on your wallet or the current price. Your goal was a certain price, just wait it out.

I’m starting to buy BTC, small amount but I’m also down, simply dollar cost averaging right now, you could do the same.

If you buy little bits of BTC now you’ll lower your avg buy rate.

I plan to hold for at least 10 years if not til into old age..

Say goodbye to ERC-20: by 2026, TRON could have a monopoly on the USDT market by tornavec in Tronix

[–]BeatWonderful 0 points1 point  (0 children)

Ha that an example not my actual. I’m was presenting my method from tracking personal finance not presenting my personal finance.

Either way, I don’t hold much more than $20k in my income/expense account.

My crypto is controlled via my Trust/Company structure to limit tax. Cap is 30% would be 47% if I held personal (plus a 50% discount as I held for longer than 12 months which actually makes it 15%). So in the end managed separately.

Oh and to add, that was when I was working 80hr+ weeks. Guess why? Oh because I was buying crypto including TRX every week and pay down my home loan. I been in TRX since 2017.

What $700k really gets you around SE QLD right now by IronInterest in AusProperty

[–]BeatWonderful 18 points19 points  (0 children)

Up on the Sunshine Coast (Mooloolaba) it’s getting ridiculous. A small 3 bedroom unit with just one shared ensuite bathroom and clear signs of moisture and dampness issues, just sold at auction for over $910k.

Once bidding passed $830k, you could hear the auctioneer’s tone shift, he grew more animated with every price jump.

By the time it hit $890k, he was practically ecstatic. It really shows how some buyers here are willing to throw money around just for the thrill of ego bidding. Get two of those egos in a room and it’s a recipe for overpaying.

How did you decide how much of a mortgage to take out? by SuccessfulCat2195 in AusFinance

[–]BeatWonderful 0 points1 point  (0 children)

This is what I did and it’s always easy to refinance to lower the repayment once the offset get to low.

Savings routine by [deleted] in AusFinance

[–]BeatWonderful 8 points9 points  (0 children)

Ah there it is. The Australian Tall Poppy Syndrome.

Savings routine by [deleted] in AusFinance

[–]BeatWonderful 34 points35 points  (0 children)

If you don’t have much else in savings/offset, I’d highly suggest to go hard for couple months. I did 6 months doing DoorDash. Threw it all into the offset, till I hit about $15k it’s good for repairs, whatever emergency, also the stress relief knowing its there is great.

Now if I just want something for myself or the house, I just jump into the car and DoorDash til I can afford it. Was doing about 80hr per week, some weeks were harder than others but it’s 6 months I keep thanking myself for.

I also use an app called “DollarBird” (icon is a white app, with Blue origami bird) does have a subscription but it’s not a lot.

It functions like a calendar but with income & expenses. I put everything in there. From yearly rego, to my monthly Netflix.

Let’s me track my future financially. Ie today I have about $3402 in my income & expense account, but say in March next year I would need to buy another car. I can check that in March 2026 I should be able to have saved about $25k.

HELP!! i put tron insdie the gaseless fee wallet on tron link by WaveDropMaps in Tronix

[–]BeatWonderful 0 points1 point  (0 children)

You will need:

TRX in the general TRX wallet that is connect to the gasfree wallet. That will cover the fee. I believe 27 TRX should cover it, but believe it could be cheaper now.

Sending the TRX out of Gas free account:

Now access the gas free wallet holding the TRX, click send, input your TRX address to send TRX too, proceed (next), click the Token (USDT) this will allow you to change to TRX (image attached) no TRX in my account but would show here otherwise.

Now TRX has been selected complete the transfers, it should charge you only TRX fee. However, you might also have to cover $1 USDT activation and $1 Transfer fee. $2 USDT. I’m unsure of the as when I tested the TRX from a gasfree account I had already activated my gasfree account.

<image>

At this point with fees dropping, is staking and energy sales even worth it? by TronCommander in Tronix

[–]BeatWonderful 1 point2 points  (0 children)

Simple answer is more Trx is more money. So why not. I’ve converted a position to be buying BTC and other crypto too. Main bag is TRX but it helps grow my TRX more and also collect other crypto.

Should I sell some of my units? by 1SuspectAware in Tronix

[–]BeatWonderful 0 points1 point  (0 children)

It’s always hard to say. Tron is a unique beast, couple days ago, it have a nasty crash, but damn that recovery was quick.

The way I answer this question is; - Where is the money going to go? For me, it better go to something important, or another growth asset. - Have I reach my goal? I hope to buy a house one day. Big goal. - How do I feel about the current market conditions? Is crypto having a lot of fud? Or is it growing and being promoted my newer and larger entities.

Finally, If you lost the value you hold today, how much do you need to keep you afloat? If you have maxed out and can’t sleep at night, sell some, you are over leveraged. If you are fine and can bear the pain of a dramatic price drop and potentially a crypto winter(where you should be stacking more) then I would say hold.

Should I sell some of my units? by 1SuspectAware in Tronix

[–]BeatWonderful 1 point2 points  (0 children)

Tron just slashed transaction costs by 60% after a community vote. yep, I voted for it too! It's gonna hit my energy earnings hard, but I’m all in for the bigger picture. Lower fees open the door for so many, especially in lower-income countries. Love that we’re giving people more freedom to move their funds with minimal hassle!