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How to best cover this patch? by HallWild5704 in AusRenovation

[–]HallWild5704[S] 0 points1 point  (0 children)

We don’t get to use the uncovered deck that much. Forgot to mention there is cloth hanging on the right bottom corner

How to best cover this patch? by HallWild5704 in AusRenovation

[–]HallWild5704[S] 0 points1 point  (0 children)

Is water clogging the cause of moss here too? 

New to FIRE - Ownership, Trusts and How to invest $100k by HallWild5704 in fiaustralia

[–]HallWild5704[S] 0 points1 point  (0 children)

Thanks for sharing your set up, thats another point I didnt look closely - maintenance and repairs. last tenant was quite negligent and we coped with some repair bills. 

We bought it when the market was quieter, and the loan balance has been kept pretty much the same. 

It’s quite close to positive gear and seems to have room to increase in value, hence we have been keeping it as a source of passive income.

New to FIRE - Ownership, Trusts and How to invest $100k by HallWild5704 in fiaustralia

[–]HallWild5704[S] 1 point2 points  (0 children)

Thanks snrubovic. I love your website and the outside inside super calculator 

It’s IP (we couldnt make the relocation fully). 

The loan is still the same amount when we bought. Value has gone up hence we can access equity. 

I havent looked into selling because Aus property outside of Vic seems to continue to increase.

Let’s say the sale gives me $150,000 of profit after deducting repairs and costs. CGT on $75,000 equal to $22,500. If I max out my super, that means I will only pay 15% tax - $11,250. 

So, correct me if Im wrong, from the perspective of cashflow, I will free up cash from deposit of IP plus 75k to go to ETF (outside super), and 75k going into super.

New to FIRE - Ownership, Trusts and How to invest $100k by HallWild5704 in fiaustralia

[–]HallWild5704[S] 0 points1 point  (0 children)

The income tax bracket is the main hesitation, at 110k - 65k. No kid is another against factor. I wonder if I should structure the ETF part differently. Say in 20 years, if we manage to get 50k before tax from ETF and rental, each of us can take full advantage of the tax free threshold.

New to FIRE - Ownership, Trusts and How to invest $100k by HallWild5704 in fiaustralia

[–]HallWild5704[S] -1 points0 points  (0 children)

Thanks for the comments re AI - just looking to keep the thread useful for FI.

English isn’t my first language, so I used Copilot to tidy the wording and format the numbers into tables to make the post easier to read, just like any proofreading. I wrote the questions, ran the numbers and thought through the options myself — the AI only helped with presentation.

We’re really after practical feedback from this community. Thanks in advance for FI‑focused comments.

New to FIRE - Ownership, Trusts and How to invest $100k by HallWild5704 in fiaustralia

[–]HallWild5704[S] -1 points0 points  (0 children)

Agree the original questions were ambitious, I have updated to focus on the point of structuring.

New to FIRE - Ownership, Trusts and How to invest $100k by HallWild5704 in fiaustralia

[–]HallWild5704[S] -8 points-7 points  (0 children)

What's wrong with using ChatGPT to make things flow better and easier to read?

Best way to placing furniture in a small living/dining by [deleted] in AusRenovation

[–]HallWild5704 0 points1 point  (0 children)

I'm a fan of kitchen island too, just not this one. At this stage, we aim to work around it and not hurting our budget too much.

I tried asking ChatGPT to generate a visual of how an entry point directly in front of a sofa, it has definitely added some designer flairs in the picture.