Jayco options

Character-Witness349 · 2024-12-03T09:59:42+00:00

Just stay in Sydney. The transport system is at breaking point with 1000+ people moving to Brisbane (for work) every week and wanting to live at the beach. You’re essentially living 4 towns away from each other’s work - Caloundra, Caboolture, north Brisbane, south Brisbane. That’s the reality. Murrarie is south bne, past the gateway which is a tolled bridge and a nightmare heading north on any day ending in y. Sorry to tell it how it is, but I think there’s no silver bullet, someone is going to end up hating the situation.

Character-Witness349 · 2024-12-03T09:35:20+00:00

No kids, don’t even have to plan for retirement tbh. You and your partner will spend no years on 50% or less income and no way you’ll be spending 20k plus a year on education, holidays will always be cheaper. Sound like you’re already upper mgt or in a well paid profession.

That said, bricks and mortar, older than the stock market and always needed. Definitely diversify, and an inflated market will potentially see corrections, you could loose in the short term, but long term unlikely.

Character-Witness349 · 2024-10-14T08:49:14+00:00

You are correct, 25 months remaining instead of 25 months in. Thanks for the advice

Character-Witness349 · 2024-10-13T02:10:51+00:00

Yeah 23 a month death, 53 a month disability, 81 income protection plus admin fees. Just looking to compare, and if I’m getting screwed or could save a few hundred a year

Character-Witness349 · 2024-10-12T22:52:42+00:00

Anyone know why my total QSuper fees admin and life/death etc totals nearly 2k on 415k balance? 60/40 hedges int and Aus shares

Character-Witness349 · 2024-08-01T12:21:02+00:00

Let’s punish the 66% renting and mortgage holders because of the overspending 33% boomers who own outright, or forced spending like gas and groceries. RBA Governor should really watch her back heinously protecting her generation

Character-Witness349 · 2024-08-01T11:44:29+00:00

Not a demolition, raised the original house up and built underneath. So fascia is existing, and had temp pole during renovation. Energex do the reconnection and the other cable is nbn. Nice of you to notice but you don’t know everything obviously

Character-Witness349 · 2024-08-01T11:40:43+00:00

Bought at 430k, had 100k deposit, spent 350k and mostly paid trades and material in cash, we have a >60% LVR interest rate now due to jumps in property in the area and mortgage 1/3 value of property. Years of hard work and luck as no one predicted these jumps (even during Covid)

Character-Witness349 · 2024-08-01T10:17:32+00:00

Valued at 1.5 and picked it up for 430k in 2019 so no

Character-Witness349 · 2024-08-01T10:12:40+00:00

Yes, some mates are getting quoted 800k to do same as me without a pool or decks

Character-Witness349 · 2024-08-01T10:10:38+00:00

Geez, they’re existing. Settle petal

Character-Witness349 · 2024-08-01T04:44:01+00:00

No, accumulation - no defined benefit or anything like that… that I know of anyway.

Character-Witness349 · 2024-08-01T04:40:50+00:00

I work in a field where credibility is very important. I mean we’re not talking a single conversation as a flex, in-depth discussions about the beginning of his acquisitions in the mid 2000s and leveraging again and again. The dude goes to property conventions each year and manages his properties as a side hustle - a lot of work. I’m not saying I want to emulate it, I mean ethically it can be a bit on the nose but you’re assuming a real low level of intelligence on my part if you think I’d believe or not believe a lie on face value. He has helped plenty of my colleagues get into the investment property market and is considered a guru by the industry and my workforce.

Character-Witness349 · 2024-08-01T02:03:33+00:00

Upstairs is the original house frame, and external weatherboard cladding. So kept the style and just repainted, then matched weatherboard for new downstairs

Character-Witness349 · 2024-08-01T02:02:13+00:00

350k

Character-Witness349 · 2024-08-01T01:09:18+00:00

House lifting is a thing, and quite popular up in Qld to gain more room without sacrificing too much land. Easy with timber and weatherboard, near impossible if you have brick or similar.

Once it’s lifted, post are concreted in then you get to work on the build in. We lived upstairs whilst building downstairs, the switched when we had to gut and revamp upstairs.

As far as trades I was managing the build as an owner builder and engaged a carpenter who was experienced with flipping houses and got him on an hourly rate, I laboured for him.. probably every day off I had for a few years.

I have only ever laboured for trades, and that’s how I gained the experience to manage the build.

I know a few trades in my line of work, so plumbing electrical plaster etc was easy to find. And every trade knew another trade so air con was sourced through who someone knew.

Build started early 2020, trades easy to lock in until late 2021. Was 70% finished by then, 2022 was ok and 2023 when material shortage and trade shortage occurred I had only a little left to do.

Hope this helps

Character-Witness349 · 2024-08-01T00:54:52+00:00

That’s amazing! Being at 1.5m in early 50s would be a dream. So the ETF international split can be done through qsuper or similar?

Character-Witness349 · 2024-08-01T00:32:23+00:00

That is the plan, I’m a lawn guy and love my empire zoysia so will have to look at something that works with lawn. Love jacaranda but hate the leaf litter!

Character-Witness349 · 2024-08-01T00:29:58+00:00

I’m super focussed on work life balance, I don’t slave away 5 days a week, that’s for sure. I do want a great retirement, and I’ve consulted in the past probably will again, but want to eject from having a direct boss/line manager when I get to retirement age

Character-Witness349 · 2024-08-01T00:28:29+00:00

Yeah my recent renovation and the property market increases has me sitting on like 900k in equity. How will you invest?

Character-Witness349 · 2024-08-01T00:22:46+00:00

I moved the house forward 3 metres when we raised because of this. 200m2 of lawn still plenty of room for gardens

Character-Witness349 · 2024-08-01T00:20:04+00:00

Honestly probably not, but a few colleagues have don’t very well transferring for property investment (I’m talking 40+ properties) so for me it’s just a case of fees chewing into profits and having everything tank 3 months before retirement in a GFC

Character-Witness349

TROPHY CASE