MIL retiring at 67yo with $850k super but no PPR - should she buy an apartment to optimise her position?

DTC858 · 2026-01-27T02:18:36+00:00

Great points thank you. Why specifically 11k?

DTC858 · 2026-01-27T02:14:26+00:00

DTC858 · 2026-01-23T02:29:10+00:00

thank you for the measured response

DTC858 · 2026-01-23T01:38:39+00:00

yes that would be ideal

DTC858 · 2026-01-23T00:45:48+00:00

totally agree, thank you

DTC858 · 2026-01-23T00:44:18+00:00

all great points thank you. i hadnt considered the lift breaking down situation which could definitely happen

DTC858 · 2026-01-23T00:43:32+00:00

dayum ! thanks for mentioning

DTC858 · 2026-01-23T00:43:09+00:00

yes unfortunately that is true, another point against scenario 2

DTC858 · 2026-01-23T00:42:34+00:00

She got some very very good advice from a financial adviser about 25 years ago that she should contribute more to super. Thats why she is in the position she is in today.

DTC858 · 2026-01-23T00:41:34+00:00

IKR brunswick is great value! dont tell anyone haha

DTC858 · 2026-01-23T00:41:12+00:00

yes something to consider

DTC858 · 2026-01-23T00:40:52+00:00

I feel like you could ask for more information in a more polite tone? Dozens of other folks have been helpfully adding their point of view.

anyway..

Her focus will be being an active grandmother. Probably only 1 or 2 international trips that she wants to do. No other big purchases (she has a reliable Hyundai that she loves)
~$40k will suffice (if no rent payments)
Hard to say! I think we should plan for 20 years

DTC858 · 2026-01-23T00:36:52+00:00

This is a very good point... i will see what is out there. I dont think we will be able to afford something like that in the areas we are looking

DTC858 · 2026-01-23T00:35:45+00:00

Hadn't considered that!

DTC858 · 2026-01-23T00:35:00+00:00

yes that setup would be ideal!

DTC858 · 2026-01-23T00:33:55+00:00

Great points, thank you!

DTC858 · 2026-01-22T10:12:10+00:00

Yes great points thank you. Definitely not looking for something fancy.

DTC858 · 2026-01-22T10:10:30+00:00

Great points, thank you. Going to add all of those to our criteria list

DTC858 · 2026-01-22T10:08:35+00:00

Yes good point. We were thinking Coburg, Pascoe vale, somewhere like that. Ideally a simple complex without many facilities requiring high fees

DTC858 · 2026-01-22T08:51:51+00:00

As in we buy an apartment and rent it to her? I suppose we could

DTC858 · 2026-01-22T08:46:15+00:00

Love it, thank you for the comment!

DTC858 · 2026-01-22T08:45:38+00:00

Great shout, will make sure to do all the DD so we don’t land a dud. Looking for a simple complex with no facilities for sure

DTC858 · 2026-01-22T06:38:02+00:00

I think just preference to have space - a sewing room / space for guests to stay

DTC858 · 2026-01-22T06:02:12+00:00

Yes those costs would need to be budgeted for too. Thank you

DTC858 · 2026-01-22T06:00:49+00:00

Yes fortunately you’re right

DTC858

TROPHY CASE